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<blockquote data-quote="Tom Gralewski" data-source="post: 5863493" data-attributes="member: 579970">Purchase cancellationMany consumers mistakenly believe they have three days to cancel a motor vehicle purchase contract. They do not. The 3-day &quot;cooling off&quot; period only applies to sales the dealer makes away from the dealership—for example, at a mall or fair grounds. If you sign a purchase contract at the dealership it is a binding contract. The dealer may charge you a penalty if you cancel the deal. By law, the penalty cannot be more than 5% of the purchase price of the vehicle.If you order a new vehicle to be delivered at a later date and the vehicle is not delivered within 15 days of the anticipated delivery date recorded on the purchase contract, you can cancel the contract without penalty.If you are unhappy with your purchase, talk with your dealer. Some dealers will make a goodwill adjustment, or even cancel your contract without a penalty in order to satisfy a good customer.Thats all I could find on the 3 day thing</blockquote>

[QUOTE="Tom Gralewski, post: 5863493, member: 579970"] Purchase cancellation Many consumers mistakenly believe they have three days to cancel a motor vehicle purchase contract. They do not. The 3-day "cooling off" period only applies to sales the dealer makes away from the dealership—for example, at a mall or fair grounds. If you sign a purchase contract at the dealership it is a binding contract. The dealer may charge you a penalty if you cancel the deal. By law, the penalty cannot be more than 5% of the purchase price of the vehicle. If you order a new vehicle to be delivered at a later date and the vehicle is not delivered within 15 days of the anticipated delivery date recorded on the purchase contract, you can cancel the contract without penalty. If you are unhappy with your purchase, talk with your dealer. Some dealers will make a goodwill adjustment, or even cancel your contract without a penalty in order to satisfy a good customer. Thats all I could find on the 3 day thing [/QUOTE]

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