Would you pay for a cooling off period?
California buyers now have that right and more for used cars since the Governator signed the Car Buyer's Bill Of Rights.
Quote:
Two-day return option for used cars
Quote:
Auto dealers must offer used car buyers the choice to obtain a two-day return option. The option will be available even if the car is being sold “as is”--without a warranty. Vehicles costing more than $40,000, off-road vehicles, and motorcycles are excluded. Dealers may charge varying amounts for the option, depending on the price of the car, and can also charge an additional restocking fee upon return. Any charge for the return option must be credited toward the restocking fee. Consumers may return vehicles for any reason. Vehicles must be returned in “the same condition, normal wear and tear excepted” unless the vehicle had a problem not caused by the buyer. Dealers must allow buyers to drive the vehicles at least 250 miles during the 2 days.
Sample charges
If the vehicle’s cash price is less than $5,000, the dealer may charge up to $75 for the return option, and up to $175 for the restocking fee. If the buyer pays $75 for the return option, that $75 will be credited toward any restocking fee.
If the vehicle’s cash price is more than $10,000 but less than $30,000, the dealer may charge up to $250 for the return option, and up to $500 for the restocking fee.
I wonder if salesman will be will to gamble on it and push the sale of the option.
