Cancelling auto lease before taking delivery of vehicle
I signed a lease agreement Saturday, but the vehicle was being shipped so I expect to take delivery Tuesday. I now suspect that the dealer seriously ripped me off and want to either re-negotiate or outright cancel. Can I do this?
Asked on 7/30/07, 2:03 am
1 Answer from Attorneys
Elizabeth Powell
ELizabeth Powell PS Inc
Re: Cancelling auto lease before taking delivery of vehicle
Reputable dealers do not want unhappy customers. There is no 3-day right of recission on an auto sale or lease contract (contrary to myth) but there is nothing to prevent you from re-negotiating or telling the dealer that you are so unhappy about the deal that you are going to hang out in their parking lot with a big sign saying "I think I got ripped off by XXX dealer".
At that point, they will generally realize that their reputation is more valuable than whatever term you now are complaining about.
Hope that helps. Elizabeth Powell
Answered on 7/30/07, 10:04 am
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