Finance Questions

Question: Didn't sign contract with finance dept yet, drove truck home but decided we don't want it. Return it tomorrow?

We went to the dealership late in the day and by the time we came to a decision the finance guys had gone home. They kept our trade-in, we took the truck (used) home with instructions to come back tomorrow to complete paperwork. Upon getting home and doing some more research on the vehicle, we saw that the rock-bottom price they offered us wasn't a great deal after all. We plan to return it first thing tomorrow morning and tell them we've changed our minds. We have ever right to do this since we've not signed any contracts or given them any money, right? We live in California, will have driven it a total of 20 miles by tomorrow.

Answer: If you didn't sign a finance contract, and didn't give them a down payment, there should be no problem in returning the vehicle. You basically just took it for an overnight test drive, and are no way obligated to purchase the vehicle. Even if you left a down payment, it should be refundable. Even if they kept your trade, if the deal does not go through then they have to return it to you. Did you sign the title over to them? They can't sell the vehicle without the title.
The only problem that I can come up with is if you signed a "buyers order" If you signed one, read through it thoroughly and make sure that does not obligate you to purchase the vehicle. In most cases, it does not obligate you to purchase. But I am not familiar with California laws.

NMC Proas win Dept Finance in the Budweiser Women Softball League 08 to 09