Thursday, September 29, 2016

New Car Return Laws in Pennsylvania

Purchasing a new car can be daunting. Between a potential trade-in, down payment and selecting a new car, what usually amounts to be a large financial transaction has many aspects. To guard against the emotion of the deal or being taken advantage of, some states have instilled a "cooling off period," which allows you to return the car within a certain window.

No Law

    The state of Pennsylvania has no cooling off law when you buy a new car. This means that once you sign on the dotted line and have exchanged funds or come to a loan agreement, the deal cannot be reversed without the consent of the car dealership.

Fact Sheet

    The state of Pennsylvania provides a fact sheet that buyers must fill out when purchasing a new or used car. The fact sheet details information about the car, explains associated state fees and requires you to acknowledge with a signature that you understand and are endorsing the deal.

Registration

    The registration paperwork for a new car will be filled out by the dealership. The buyer must provide proof of identity in the form of a Pennsylvania driver's license in order to complete the transaction. If you are a new resident to the state, you must apply for a Pennsylvania driver's license before purchasing a new car.

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