Buyers Remorse
How to Avoid It &
Law Resources if You've Got It
Car buyers remorse is a fairly common emotion for many a car buying customer. That's too bad, because it is such an easy regret to avoid.
There tends to be a very high level of emotion that goes into buying a new car, which in turn can cloud a buyers judgment. In fact, car dealerships bank on it. It is how they are able to maximize profits.
Below we'll take a look at some car buying tips to show how to:
- Avoid it in the first place
- Find specific information on car buyers remorse law
- Find general information on new and used car law
When it Begins
Imagine the last time you sat in a new car and the sensory overload you experienced...
Can you smell the new car smell?
Can you see the shiny, mirror-like paint job and the spotless, freshly detailed interior?
Can you feel the leather wrapped steering wheel in your hands and the plush seat beneath you?
On the test drive, do you feel the power when accelerating from 0-60?
Do you feel how well it handles as you navigate through traffic?
Lastly, the gadgets...ohhhh the gadgets! Power seat, power pedals, steering wheel AC and radio controls, moon roof, the premium sound system, boy o' boy is this the car for you! "Where do I sign?" You ask excitedly.
Stop!
Now is the time to take a deep breath and use the advice I am about to give you, before you sign that 5, 6, or even 7 year contract. You must not buy that car today.
What you will want to do is sign one small form that can save you from a very big, painful mistake.
What is this form?
A Borrowed Car Agreement
A borrowed car agreement (BCA) allows you the opportunity to take the car over night and get away from the pressures of the car salesman, or his/her managers.
It also allows you the opportunity to clear your head and let your euphoric feelings subside, which will allow you to think with your head and not your emotions.
You can take the car home and wake up to it in the morning and see if you still have those same feelings for it.
Once You Are Home
What you'll want to do is work the numbers with the car dealership to your satisfaction, then take the numbers and the car home for the night.
Now you can research the numbers, sales price, trade in value, etc. in the comfort of your home and make sure you are not paying through the roof for this car.
You'll also want to ask yourself if this car is practical for all that you need and/or want it to do.
Recruit a family member or friend, with car buying experience, to give you all the objections to the deal that they can think of.
Think about those objections, are they relevant?
Is a certain objection important or not important to you?
Do you agree or disagree with these objections?
It's Up To You
The ultimate buying decision will come down to you, but getting away from the car dealership and clearing your head in a relaxed environment will help you make a much better decision.
Remember, you'll be signing a long term, binding contract on an expensive product and you don't want to make this decision when you are all pumped up and full of adrenaline.
Borrow the car today
and be happy tomorrow!
What If You've
Already Got Car Buyers Remorse
If you are unfortunately reading this article after buying the car and are looking for car buyers remorse law and/or general new and used car law information, then please keep reading for some valuable resources.
There are three key
organizations you'll want to know of:
- Your local Motor Vehicle Department
- The Federal Trade Commission
- Your States Attorney General Office
If you are experiencing car buyers remorse and want to know what buyers remorse law may apply to you, then I'd suggest contacting your local or State Motor Vehicle Department. You can follow that link for a 50 state listing of Motor Vehicle Department websites.
Any laws requiring car dealers to have a mandatory return policy will be written at the state level. Not all states allow for the return of a car after it has been contracted for and delivered.
I would not count on the Motor Vehicle Department to give very specific legal advice, but they should be able to give you general information about car buyers remorse law.
Even if they don't know exactly what new and/or used car laws you are inquiring about, they should be able to guide you to the appropriate agency.
Your local Motor Vehicle Department should also have a dealer investigation unit. This way if it's not so much buyers remorse, but maybe out right breaking of the law, they can investigate.
The same would apply to your States Attorney General Office. Dealers cringe at the thought of being investigated by any one of the three offices mentioned above.
If you are looking for Federal laws, then the Federal Trade Commission is the place to look for information. They actually have a great site packed with a lot of information and you can go to ftc.gov to learn more.
Buyers
Remorse Summary
Be sure to use the borrowed car agreement (BCA) and get the dealerships return policy in writing before buying. If your car buying experience has gone bad, then look to your local or State Motor Vehicle Department, your States Attorney General Office and/or the Federal Trade Commission for further advice and car buyers remorse laws.
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