What happens if you bought a car and return the following day and just drop it back off after signing a contract?

Check this out for clarification in Texas:

www.dot.state.tx.us (800-687-7846)

Texas Department of Transportation - Enforcement Division

Look at the publication here: "Consumer's Guide to buying a car" for a reference.

Also, look at:

www.www.occc.state.tx.us (800-538-1579)

Consumer Credit Commission: These guys regulate the dealerships that are making these contracts. These are the guys that the dealers have to answer to when they mess around like this.

Bottom line in summary is"Sign off the acceptance and take car off the lot, and you are done!". This is where the contract opens you up to the financing and titling phase. Before that, you can back out. Check it out and call to verify! God's Truth!

NOTE:

The dealer does everything he can to make you "take" the car off the lot when you sign the contract. This is the point of no return with your "acceptance" of the car. Once you sign the contract, you have to inspect the car for any issues that the dealer needs to fix before you take posession, and then sign the "A-OK" form.. kazam.. you are the owner - Like it or not.

Answer

the car is only worth about 3/4 of the price befor it was sold. so the car depreciates in value.

Answer

(I'm not sure who the "these guys" or the "mess around" references are about by the Texas responder. Seems to me the only once messing around is the one trying to back out of a done deal).

In any of these types of car purchase/return questions - the first thing to do is look at is that stack of paperwork you got when you agreed to the deal...you know, especially the one you signed and initialed, probably several times, and likely has a big bold heading like "Contract for Sale and Agreement for Purchase". See what it says about ways and reasons you can return the car, required notices, rights to cancel, warranties, etc. This is what YOU agreed to. Not reading it (or saying you didn't understand it) - and now wanting it to be enforceable only as to what you think you would have wanted it to be - that is just foolish. But, look at it, maybe there are grounds...or if you can even ask a question like this, maybe the contract you signed was actually something else too...

Just leave the car and you will probably end up with towing and storage fees to pay, when you have to come claim it. Which will probably be after the police contact you because they have towed it. (And, like any emergency towing/service/storage - won't be cheap and damages to the property - well they happen). Imagine the same thing except you left it at an entirely different dealership, or a boat dealer, or any other business. I'm not sure why you would think they would have any special obligation (even if like thousands of others out there, they may have once owned that piece of property).

In many if not most cases, even at the same dealer you bought it from, they handle so many cars, have different sales people at different times, they won't even recognize any particular one as one they may use to have on the lot, nor should that make any difference to them ....it is just one left on the street or interfering with their business. The sales guys will think it's there for service or such, service guys that it's part of the dealership side. (If it isn't interfering with the biz, say just parked legally on the street, they don't even have a right to to touch it). Because, it yours, not theirs!

It is the same as abandoning your vehicle on anyones property.

Once you bought it (you and them signed and agreed to the terms, conditions and did the work on the contracts and titles), it is yours now, (and for them to accept it back, you both need to do the same things...agree/conditions/titles/etc. again).

And even in the dealers where they advertise a return policy...better read it...at the very least you will be expected to pay for all the liscence, sales, registration, paperwork, etc., fees, and probably something for the fact the car, once sold...even if never moved, cannot be sold as "new" again...by law...New cars have favorable financing, rebates, some have non transferrable warranties on things, etc. available...so they probably have some calculation for those costs. Rightfully, your the one who made a new car a used one.

First answer by Atvsandcars. Last edit by IamLostRU. Contributor trust: 874 [recommend contributor]. Question popularity: 39 [recommend question]