cancel
Showing results for 
Search instead for 
Did you mean: 

Can I change my mind about a car lease?

tag
nycsimone
Regular Contributor

Can I change my mind about a car lease?

I went in yesterday and signed all the paperwork for a new car lease and left a small downpayment. I didn't take delivery of the vehicle because they need to write a check to pay off my current lease and that won't be ready until tomorrow. I know I signed all the paperwork required but since I didn't take delivery of the vehicle (didn't drive it off the lot) can I still change my mind? Btw: There is no federal 3-day cool off period on cars so don't try posting that. This is different since I haven't taken delivery of the actual vehicle. Thanks!

Message 1 of 4
3 REPLIES 3
Appleman
Valued Contributor

Re: Can I change my mind about a car lease?

You may change your mind all you like. However, legally I believe you are now the lease holder of a new car.

 

Check the language on the contract, it should spell out if there is any ability to cancel the contract and under what circumstances.

Message 2 of 4
Anonymous
Not applicable

Re: Can I change my mind about a car lease?

^+1

 

Unless the dealer specifically (in writing) offers some sort of short-term satisfaction guarantee that provides for cancellation within x number of days, you are now under contract on the new lease, delivery or not.  In most cases, the contract would be effective on the date you filled in when you signed it, even if technical difficulties are now delaying delivery.

Message 3 of 4
Anonymous
Not applicable

Re: Can I change my mind about a car lease?

Ok, so the short answer is Yes
You can change your mind all you like... However

If you want to change the deal, you may have to FIGHT like heck, to get the other party to undo the deal you both agreed to.

You're basically coming back to the church the morning after the honeymoon saying since I didn't touch her last night can we get unmarried (annulment) well if she doesn't immediately agree (in some cases even if she does)
The process can get messy loud uncomfortable and might be costly.

They most likely will fight like heck, claim the check is written, your old car is already gone, come back tomorrow, the dog ate it etc everything I'm the arsenal to NOT unwrap that deal...

If you raise enough cane AND you do so before any real work as been done, you have a shot but TRUST me it will not be like returning a pair of shoes
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.