Oklahoma City, OK asked in Uncategorized for Oklahoma

Q: Is there a buyers remose on used cars in oklahoma

Got a car today looking over the contract they r asking to much money I called and ask if I bring the car back car I get my down payment back they said they would let me out of the contract but will not give me any if my money back can they keep my money if I give them the car back

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James L. Arrasmith
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Answered

A: In Oklahoma, there is generally no "cooling-off" period or buyer's remorse law that allows you to return a used car and get your down payment back after signing a contract. Once you sign the purchase agreement, you are usually bound by its terms unless the dealer explicitly included a clause that allows you to return the car. The dealer is not legally required to refund your down payment if you return the car, especially if the contract does not specify that option.

However, if the dealership agrees to let you out of the contract, that is already more than what is typically offered. They may be doing so to avoid any potential issues or bad publicity, but they are not obligated to return your down payment unless it is stated in the agreement. It's important to carefully review your contract and see if there are any specific terms regarding returns and refunds.

If you believe there was any misleading information or if you were not given full disclosure about the car's condition or terms of sale, you might have grounds for a complaint with the Oklahoma Used Motor Vehicle and Parts Commission or seek legal advice. Reviewing all documents carefully and understanding your rights is crucial when making such a significant purchase.

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