In California, can I return a car to the dealer if I didn't sign a full-coverage insurance agreement?

"I financed a car through the dealership, but I didn't get a good deal.

The dealer forgot to give me a full-coverage insurance agreement to sign. They've promised to upgrade my car if I sign it.

Can I return the car to the dealer, as banks will void the loan because I didn't sign this agreement?"

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Eric Schad
Answered on Jun 18, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
“Full-coverage car insurance is a requirement for any financed vehicle. The reason why the dealer is trying to sweeten the deal is because they shouldn’t have let you drive off the lot in a car without full-coverage auto insurance.
Not signing this paper might void the loan, but it’s not a 100% certainty. You’ll have to talk to the lender about that. It is a bit unethical to refuse signing the agreement for a car you possess simply because you have buyer’s remorse.
If you really don’t want the car, call the lender. What they tell you versus what the dealer tells you might be two starkly different things. They’ll let you know what happens if you don’t sign the paper, and what your options will be as a result.”
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