How much time do I have to return a car to the dealership if it is financed?

Can I return a car before making the first payment and be done with it? I bought a car with dealer finance two weeks ago on a whim and I’m kind of regretting it now.

Answer provided by
Johnny Puckett
Answered on Jul 07, 2021
Johnny Puckett is a freelance writer and automotive expert. He has contributed content to a number of some of the largest online publications, aftermarket automotive manufacturers’ sites, and automotive informational sites. His experience in the automotive and information fields informs his writing at Jerry. His automotive interests bleed into his free time, where he enjoys modifying his favorite cars and woodworking.
“You will have to call the dealership, but they are likely not going to be willing to work with you. As you know, a car depreciates in value as soon as it leaves the dealer’s lot and they can no longer sell that car for as much as before.
You signed a contract, so returning the vehicle means:
  • a potential breach of contract
  • you will probably owe the dealership a fee
  • your credit score will likely take a hit
  • you likely won’t get your down payment back
You would be better off taking this as a learning experience.
Make your payments on time, paying more if you can until you owe less than the car is worth. Then trade the car in for something that you want or find a buyer for the car and sell it outright.”

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