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I bought a car on finance yesterday but have changed my mind now. Can I cancel?

April 26, 2017achats automobile bought car changed ET Finance transport ventes Yesterday

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I bought a car on finance yesterday but have changed my mind now. Can I cancel?

8 Answers

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Since you have not yet picked up the car you might be able to. Call them ASAP and go in and tell them you have changed your mind. Find out the name of the finance company, get their phone number and call them immediately. Write down date, time and names of people you talk to. This may be very important. You might have a 3 day option to cancel. DO NOT ACCEPT THE CAR – DO NOT EVEN SIT IN THE CAR – UNLESS YOU DECIDE YOU WANT IT.

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Your statutory rights in the uk are 28 days – you can waltz on in there & tell them you have changed your mind & shouldn’t have to pay anything admin or not – i’d phone because if you are that easily persuaded you’ll probably still leave with the car – these people are comissioned & fearless!

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Yes you can change your mind in that short a space. You do have a cooling off period which maybe 7 days so you are well within it. Simply go to the sales room and just say that with working your finances out you can no longer afford it and your sorry to mess them around. They may cancel the finance agreement for you or you may need to contact the finance company directly yourself however your account will be closed when the dealer confirms to the Finance company that they have got the car and not you.

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It might be too late. If you are due to pick it up today then I guess you have already signed all of the contracts and a finance agreement. You might be able to sell back the car (at a loss), but the finance company will almost certainly charge you for an early repayment…

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If you are in the USA, no. Car sales are final and there’s no law that allows a buyer to cancel a deal. If you are in the UK or elsewhere, I have no clue.