Legal Question in Consumer Law in Georgia

Rights of Rescending (72 hr period?)

My father purchased a vehicle from a dealer on Wednesday afternoon and upon returning today he was told the deal was final. Is this not protected by the consumer credit protection act of 1969? I read clause z but the paper work from what the dealer stated had been ''processed'' I even attempted to discuss this with them this afternoon. It is a Ford Ranger that is 15K and they have it figured at 9.75% and the total amount owed that they financed was 17,800 after a downpayment of 1500. My father has stopped payment on the down payment. Now we are curious if this is legally binding or will he be covered by buyers remorse.


Asked on 6/22/06, 6:28 pm

1 Answer from Attorneys
Glen Ashman Ashman Law Office also dba Glen Ashman Attorney

Re: Rights of Rescending (72 hr period?)

There is no right to rescind a car purchase. He owns it. Additionally, he has risked going to jail for a felony bad check in writing a check that isn't honored; he certainly will owe civil bad check fees if nothing else.

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Answered on 6/22/06, 6:33 pm


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