What Are Your Future Options When You Deal with Car Buyer’s Remorse?

We all have been part of a purchase that we later had to rethink. You might have bought something you didn’t require or signed up for a long-term contract that is now financially weighing you down. Buyer’s remorse is a situation that arises out of a purchase that we would want to redo, a little differently. For instance, you purchased a car and then woke up with a knot in your stomach and weren’t feeling as enthusiastic as you were while you purchased it. Many a times, a buyer’s remorse is the result of a hurried decision that dawns upon the buyer only after a few days of the purchase.

Remodel Your Remorse

No doubt, purchasing a car is an emotional process. However, once you face a car buying remorse, there are a plenty of ways to turn it into a beneficial purchase that is in line with your requirements and wishes. The following tips will assist you in successfully reworking your car buying remorse.

1) Use the Cooling-Off Rule

The Federal Trade Commission has a rule that gives any buyer a 3-day cooling off period. Under the rule, any buyer can cancel the said sale within 3 days of the purchase. The cooling-off rule does not necessarily apply to automobile purchase; however, the decision of the dealer can be turned in your favor. Usually, there happens to be situations wherein the dealer takes the task of redoing a car purchase. If the car doesn’t perform as promised or if the salesperson at the dealership has overcommitted and under-delivered, you stand a good chance of returning the car.

2) Replacement under Warranty

Once you figure that the car you have received is defected, you should take the necessary steps to legally establish it as a lemon. In case of new cars, if you discover a fault with the vehicle, the dealer is liable to fix the issue as per the warranty contract. The dealer will make a repair with used cars as well, in order to build his customer base and a foundation of strong goodwill. Therefore, you are eligible to get a replacement which is another way to battle car buyer’s remorse.

Precautions to Avoid Remorse

What a relief it would be if we take appropriate steps before buying a car and avoid the suffering of remorse altogether. When you take a long test-drive on familiar roads, you get a clearer idea of the car you are buying. Additionally, ask your dealer about the return policy on the car and take enough time to think about your purchase. Take the extra efforts to check a car’s review on online portals if you wish to buy a new car. In case you wish to purchase an old car, vehicle history reports and an honest discussion with the mechanic will lay out your options clearly. Many a times, involving family members in your car buying decision will reduce your inhibitions of the purchase. Therefore, once you consider the above tips, car buying remorse will become a thing of your past and you will be able to purchase a car that suits your needs.