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Can you return a car that you bought recently? Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make smarter financial decisions by offering you financial calculators and interactive tools, publishing original and objective content, by enabling you to conduct research and evaluate information for free – so that you can make financial decisions with confidence. Bankrate has agreements with issuers including, but not limited to American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn money The products that appear on this site are from companies that pay us. This compensation may impact how and where products appear on this website, for example for instance, the order in which they appear within the listing categories, except where prohibited by law. This applies to our loan products, such as mortgages and home equity and other home lending products. However, this compensation will affect the information we publish, or the reviews that appear on this website. We do not include the universe of companies or financial offers that may be available to you. Westend61/Getty Images

6 minutes read. Published January 31, 2023

Written by Allison Martin Allison Martin Written by Allison Martin’s career began more than 10 years ago as a digital media strategist. She’s been featured in a variety of top financial media outlets, such as The Wall Street Journal, MSN Money, MoneyTalksNews , Investopedia, Experian and Edited by Rhys Subitch Edited by Auto loans editor Rhys has been writing and editing for Bankrate from late 2021. They are passionate about helping readers gain confidence to take control of their finances through providing concise, well-researched and well-written information that breaks down complicated topics into bite-sized pieces. The Bankrate promises

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At Bankrate we are committed to helping you make better financial choices. While we adhere to strict editorial integrity ,

This article may include the mention of products made by our partners. Here’s a brief explanation of how we make money . The Bankrate promise

In 1976, Bankrate was founded. Bankrate has a proven track experience of helping customers make informed financial decisions.

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who ensure everything we publish ensures that everything we publish is accurate, objective and trustworthy. We have loans journalists and editors are focused on the areas that consumers are concerned about most — different kinds of loans available and the most competitive rates, the top lenders, how to repay debt, and much more. So you’ll be able to feel secure when investing your money. Integrity of the editing

Bankrate adheres to a strict code of conduct , so you can trust that we put your interests first. Our award-winning editors and journalists create honest and accurate content to assist you in making the right financial choices. Our main principles are that we respect your confidence. Our mission is to provide our readers with truthful and impartial information, and we have standards for editorial content in place to ensure that this happens. Our editors and reporters rigorously fact-check editorial content to ensure the information you’re reading is accurate. We have a strict separation between our advertisers and our editorial team. Our editorial team doesn’t receive any direct payment from our advertisers. Editorial Independence Bankrate’s editorial staff writes in the name of YOU – the reader. Our goal is to give you the best advice to help you make smart personal finance decisions. We follow strict guidelines in order to make sure that the content we publish is not in any way influenced by advertising. Our editorial staff receives no any compensation directly from advertisers and all of our content is fact-checked to ensure accuracy. Therefore when you read an article or reviewing, you can trust that you’re receiving reliable and reliable information. What we do to earn money

You have money questions. Bankrate has answers. Our experts have been helping you master your finances for more than four decades. We are constantly striving to give our customers the right guidance and the tools necessary to succeed throughout life’s financial journey. Bankrate adheres to a strict code of conduct standard of conduct, so you can rest assured that our information is trustworthy and precise. Our award-winning editors and journalists produce honest and reliable information to assist you in making the right financial choices. Our content produced by our editorial team is factual, objective, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates and useful tools for you , by describing how we earn money. is an independent, advertising-supported publisher and comparison service. We are compensated for the placement of sponsored products or services, or through you clicking certain links posted on our website. Therefore, this compensation may affect the way, location and in what order items are listed and categories, unless it is prohibited by law. We also offer mortgage or home equity products, as well as other home lending products. Other factors, such as our own rules for our website and whether or not a product is available within your region or within your personal credit score can also impact the way and place products are listed on this site. We strive to provide an array of offers, Bankrate does not include specific information on every financial or credit product or service. If you’ve purchased a brand-new or used car , and are having second thoughts about it typically, you won’t be able to return the vehicle. The dealer who sold you the vehicle is typically not legally obligated to return the car and offer you a reimbursement or exchange after you’ve signed the sales contract. There are some exceptions to this law. Certain dealerships might permit you to return the vehicle in certain circumstances. If the vehicle has significant mechanical issues, the dealer might be legally required to accept the return. However, it’s best to avoid the need to return the car in the first instance. The reasons to return your vehicle Besides buyer’s remorse, possible reasons to return your car are mechanical or financial problems. Dealers might be willing to assist customers who are not able to pay the bill. With mechanical issues, whether you can return the car to the dealer will depend on the conditions as well as conditions for the car return policy. If you’ve been ripped off, and you feel like the situation, you ought to consider a meeting with the manager of the dealership. If you do meet with the supervisor, bring evidence to prove that you were wronged. For instance, if you believe the dealer overcharged provide proof of the vehicle’s fair market value from a reputable authority (like Edmunds or Kelley Blue Book) to prove your argument. Then, present your case to the manager with a calm and professional manner. Keep in mind that, having already signed the contract the options aren’t unlimited if the manager chooses not to honor your request. You can also contact your state attorney general’s office to discuss your options. Make a complaint to the Better Business Bureau. Employ an attorney to sue the dealership. Write a negative review on the dealership’s site. You can file a complaint with the state’s consumer protection agency as well as the Federal Trade Commission. Tips for banks

To find out if you’ve been charged the wrong amount to determine if you’ve been charged unfairly, look up the value of cars with identical make, model, and similar mileage on or .

Your car payments are excessive If you’re looking to sell your vehicle because your monthly car payments are high, you’ll have a harder time convincing the dealer to let you return the vehicle. The manager at the dealership’s general office could argue that you should have figured out whether you are able to manage the monthly payments prior to purchasing the vehicle. It’s up to the dealership whether they will allow you to return the car and swap it out to a more affordable model. Contact the person who sold you your car in the first place. If that doesn’t work, get in touch with the sales manager, or the dealership’s general manager. Once you’ve exhausted those possibilities, you can look at different options for . Your auto loan with an interest rate that is lower or a longer term can lower the monthly cost. A tip from Bankrate

Use an to see how much money you could save, and then compare various loan options.

The car you own is a lemon. To build a case for returning a vehicle that does not perform as it should, you must first collect documents detailing the mechanical issues you’ve encountered. It may be necessary to make multiple trips to the dealership’s service department. Ensure your complaints are noted with full detail on all repair requests. If the issue isn’t resolved, you may determine the car is a lemon — the vehicle is beyond repair. Since laws vary from state to state and state to state, you’ll need to do some research to determine if you are able to claim a valid lemon law claim. In most states, lemon laws apply to new vehicles with an issue that seriously affects your ability to drive it. Other requirements for lemon laws that vary from state to states include the amount of time from the time you purchased the vehicle, its mileage and the number of times that the dealer tried to fix the vehicle. It is possible to find the laws of your state. It provides each state’s mandatory actions and the timeframe for returning a car in accordance with lemon laws. Upon a successful claim, you’ll be able to get a refund or similar exchange. Only seven states have lemon laws on used vehicles: Connecticut, California, Massachusetts, Minnesota, New Jersey, New Mexico and New York. There are limitations, and these laws will not give some relief for you in your circumstance. Tips for banks

You could be eligible for reimbursement of your attorney fees if you hire an attorney to assist in your case. Be sure to keep the track of your legal costs throughout the course of the case.

You changed your mind Dealers generally do not consider buyer’s remorse to be persuasive. Few dealerships have a return policy. When you sign the sale contract, you’re responsible for paying the amount promised in the contract. While the FTC includes a “cooling-off rule” which is a law that gives you three days to cancel a purchase that you make at office, home, or temporary address — a vehicle purchase is among its exceptions. Even if a dealership sells you a car in an in-between place, the rule applies if they are in a permanent place. Some states also have an “right to cancel” period that lets you return the vehicle within a certain time frame without incurring any penalties or damage to your credit profile. However, the vehicle is required to be returned in the exact condition that it was in when you purchased it. Other limitations often apply. Bankrate tip

Try and avoid this scenario by conducting research prior to the time. Make sure to follow these guidelines prior to signing off on a new vehicle.

Your dealer has a return policy few dealerships have return policy. For example, has a 30-day return period. If you don’t like the car, you may exchange it for one you like , or receive a full refund. Additionally, certain dealerships offer exchange plans where you can only have a specific number of days to exchange your vehicle. Keep in mind that or other restrictions could keep you from turning the car into. If you can sell it and sell it, you’ll have make payments for any difference in the current value and what the vehicle is currently worth. Bankrate tip

Always ask for a dealership’s return policy in written form. So, you’ll know the terms and conditions and will be able to navigate any attempt to reject your claim.

How to avoid returning your car to avoid the troublesome process of returning your car, you should properly prepare to purchase the vehicle. This procedure . Check out reviews of the car you’re considering on sites like . It’s also a good idea to perform price research with Kelley Blue Book or Carfax as well as an estimated budget, and test-drive the vehicle. It’s also important to research the dealership in advance by looking up online reviews. Utilize sites such as to ensure that dealerships have an excellent reputation and provide top-quality customer service. In addition, you’ll need to spend some time researching the history as well as the condition and history of the particular vehicle you’re thinking of purchasing. It is possible to begin by looking up history reports for the vehicle on sites such as Carfax or AutoCheck which provide information on the vehicle is accessible using its . If you’re buying a vehicle from a dealer, ask the dealership to provide the car’s history for your review. It’s an excellent idea to take the car to an expert who can provide an unbiased assessment of the car and any problems it might have. If the mechanic discovers mechanical problems, request the seller to pay the repair costs. Other options to return your car If you aren’t able to return your vehicle? You have other options. Sell it. By to someone else it could be possible to escape being stuck with a vehicle you don’t want. You may not be able to recoup the full amount you paid the dealer, since a car’s value decreases once it’s driven off the car lot. You’ll be responsible for paying any difference in the dealership price and the price the buyer pays for the vehicle. Ask for an informal repossession. If you can’t afford the monthly payment You can contact the lender and ask for a voluntary repossession. Although this would eliminate your monthly payments however, you must be cautious before taking this decision. A lender can still be able to report the repossession to credit bureaus. Possessions can affect the credit rating for as long as seven years, which makes it more expensive to get a new auto loan. You can refinance the auto loan. If your monthly payments are excessive, you can by extending the period or by negotiating a lower interest rate. While taking this step will be beneficial, the results are temporary. In reality, after only some months of payments your credit score is likely to rebound or even improv e. The main point is that before you buy a car, spend some time researching the price of the cars you like and studying the dealer’s return policy and customer reviews. If you don’t do your homework, it could leave you stuck with an unsatisfactory car. In the majority of cases, you can’t return the car you purchased — the majority dealerships will not allow the return of a vehicle. If you’re not able return a car you’ve purchased, there are other methods to dispose of the vehicle. It is possible to sell it or make a lemon law claim in certain conditions. If you are suffering from buyer’s remorse due to high payments but want to keep the car you may refinance your auto loan to reduce your monthly payments.


Written by Allison Martin’s work began over 10 years ago when she was a digital content strategist and she’s since been published in several leading financial outlets, including The Wall Street Journal, MSN Money, MoneyTalksNews , Investopedia, Experian and Edited by Rhys Subitch Edited by Auto loans editor Rhys has been editing and writing for Bankrate since late 2021. They are committed to helping readers gain the confidence to manage their finances by providing concise, well-researched and well-researched content that breaks down complicated topics into digestible chunks.

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