Bought a car that broke down as soon as i took it off the lot?
I have bought a ford explorer from a dealership 2 days ago. I put 1000 down on it and it was worth 4000. 1 hour after i drove it off the lot it broke down! I called the dealership and notified my salesman and he said he would get a tow truck to tow it. They towed it and are have been trying to fix it since yesterday. I don't want the car back. What can i do to void this contract? Also on the title, the milage says 150134 and on the car's odometer it says 146322. Isn't there a law that would help me void contract in this case?
Auto finance is what I do for a living and unless you live in one of the very few States that have a cooling off period or are dealing with a dealer that offers a 72-hour return policy your out of luck.
As soon as a person signs the contracts and drives the vehicle off the dealers lot if it breaks in half they own both halves.
And lemon laws do not apply to used cars period.
At best if it's going to cost the dealer a ton to fix the vehicle they might let you trade it in for another.
Your lucky they are even trying to fix it, there's no law that says they have to.
Some dealerships have a 3o day warranty.
most used vehicles have an as is policy
I apparently signed a no cooling off contract as well which means I can't return the car after i drive off the lot with it. They have been trying to fix it but i don't even want it back I can tell its gonna cause alot of problems. I just want to trade it in n get my money back or another car.
No law. You might be able to walk away without your $1000.
And be careful, they may try and charge you for whatever it costs to repair it.
Sounds like a longer test drive might have been a good idea. Then it would have been their car that broke down.
The contact to be void states that you can get another car which the law is called lemon law that means that if they fix the car 8 times and still breaks down under warranty the you have the right to change your car?
Very few dealers have a 30-day warranty, or even a 3-day warranty, especially on a $4000 vehicle. There's no right to cancel the sale and no expectation to get your money back. Used cars are sold "as is" and the rule of law here is "buyer beware". Lemon laws protect the buyers of NEW cars from serious, recurring defects. They do nothing for used cars in almost all states.
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