I was in a hurry to buy a car and bought from a friend. I stupidly didn’t have the car inspected BEFORE signing a hand-written “as-is” contract to buy. I gave a $1500 cash downpayment and had the car transferred into my name. I still owe money on the vehicle, however i recently discovered that there are a lot of repairs required on the car. I was informed of a few repairs but not everything. I wanted to give the car back, but was told that the seller is holding me to original contract. Do I have any recourse here or am I stuck?
i’ve had the car for a month and in that time I’ve tried to give the car back, but I have a feeling I may be taken to court soon for failure to pay… Should I even bother fighting?
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you might be stuck with the car. How long have u had it?
Most states have a 3 day buyers remorse law, this even applies to purchases like you made. (better hurry)
YES, THERE IS BUYERS REMORSE. 100% sure in Indiana and Ohio. other places check into it, you’d be suprised.
What part of As-Is didn’t you understand when you signed the contract. It was YOUR responsibility to determine if the car was worth the money you paid.
Suck it up. Pay for the repairs. Now you’ve learned the hard way that you should have any car that you are serious about buying inspected BEFORE you sign any contract.
You signed a contract. You MUST continue to pay for the car. The seller most likely has a lien on the title. If you don’t make your payments, the seller has every right to repossess your car. You credit will be ruined. You will lose your down payment and any other money you paid on the car. And you won’t have a car.
You will only make a bad situation worse by not paying.
There is no such law for buyer’s remorse on a used-car. When you buy a car from a private owner as opposed to a dealership, you never get the added benefit of a warranty. You get the car ‘as-is’. You could not pay him the balance, have him drag you to court, end up paying him anyway, and the added expense of court costs.
Or just pay him.