A contract is a legally binding agreement, which means a car dealership can't abruptly cancel a buyer's contract. However, most car-purchase agreements contain a cancellation period. If financing is not secured in this time frame, then a dealership may be able to void a buyer's contract and retake possession of the car. read more
If something is wrong with the car you just bought, work with the dealership to get it repaired rather than trying to force the dealer to take the car back. You might wish you could void your purchase contract and simply give the car back to the dealer. read more
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