| Simple answer is NO. There is not a provision, law, or | | | | 2. the sale was not previously negotiated at a business |
| documentation any where that would give the right or | | | | establishment |
| possibility of rescinding a vehicle purchase from a | | | | 3. the purchase was made on credit without use of a |
| dealership. | | | | credit card. |
| Straight out of Colorado Department of Revenues | | | | Charitable Organizations. |
| web site "The right to rescind does not cover motor | | | | Security Interests in a Home |
| vehicle/powersports vehicles purchased at a | | | | Buyers Clubs |
| dealership. Once you sign a buyer's order and the | | | | Time Shares |
| appropriate forms required by law, you have bought a | | | | Dance Clubs |
| motor vehicle/powersports vehicle." | | | | Ect... the list goes on it can be read here if you would |
| So where does this myth come from? Well apparently | | | | like. Moral of the story as I have said before make |
| there a situations that you would have a so called | | | | sure you know what you are getting in to. Make sure |
| "cooling off" period, or a three (3) day right to rescind. | | | | you have done your home work. Research, research, |
| From contract law on the Colorado Bar Association: | | | | then do some more research. And never let your |
| Home Solicitations: Consumer has 3 day right if all of | | | | emotions get involved in the purchase of anything. |
| the following are true | | | | Buyers remorse is just that buyers remorse and there |
| 1. the contract is signed in the consumer's residence or | | | | is nothing that can help you after the contracts have |
| another person's residence | | | | been signed. |