How long do I have to return a car in Indiana?
You have the right to a full refund of the purchase price of your vehicle, including taxes, fees, and insurance costs, if a dealer does not deliver a title within 21 days.
Can a car dealer force you to use their financing?
Dealerships can refuse any type of financing for any reason. It’s not immoral or unethical; it’s just business. That said, car dealers usually refuse outside financing if they’ve lowered the price enough. To make up for this discount, they want you to finance with them to recoup that money.
Can you return a financed car back to the dealer if it’s faulty?
If you regret your decision, you may be able to return the car to the dealer. If the car has significant mechanical issues, you may also be within your rights to return it.
Is there a 30 day warranty on used cars in Indiana?
While the Indiana Lemon Law requires a consumer to provide a vehicle manufacturer with a total of four (4) attempts or thirty (30) days to repair a defect or non-conformity that substantially impairs the use, value, or safety of the vehicle, the repair attempts may occur throughout the lifetime of the vehicle.
Is there a return period for used cars?
In general, there are no federal laws that outline a return period following a vehicle’s purchase. Unlike many retail markets, cars significantly lose their value simply by leaving the lot.
Do car dealerships check your bank account?
Of the many items to bring to a dealer will need when applying for your car loan, statements aren’t commonly requested. The dealer will sometimes look at your bank accounts to verify your income or help them decide if you’re a credit risk based on how much money you have in the bank.
Can a bank revoke a loan on a car after I signed the contract?
If you got your loan through the bank directly, it’s rare to have your loan revoked after you’ve purchased your car. Banks may be able to revoke your car loan if your contract had language that protects the bank’s right to do so.
What states are blue law states?
In Colorado, Illinois, Indiana, Iowa, Louisiana, Maine, Minnesota, Missouri, Oklahoma, New Jersey, North Dakota, Pennsylvania, and Wisconsin, car dealerships continue to operate under blue-law prohibitions in which an automobile may not be purchased or traded on a Sunday.
What are the interest rate laws in the state of Indiana?
Indiana Interest Rate Laws. Definitions — “Supervised loan” — “Supervised lender”. (1) “Supervised loan” means a consumer loan in which the rate of the loan finance charge exceeds twenty-one percent (21%) per year as determined according to the provisions on loan finance charge for consumer loans ( IC 24-4.5-3-201).
Does the lemon law apply to used cars in Indiana?
The Indiana Lemon Law does NOT apply to used vehicle purchases. You DO NOT have the right to return a vehicle or back out of the sale after you sign the paperwork. Once you agree to purchase a vehicle, it is yours, regardless if you find mechanical problems with the vehicle after purchasing it.
What are my repossession options under Indiana repossession laws?
You have options under Indiana repossession laws if the lender tries to collect the loan balance from you: · If the lender sues you for the balance of the loan on your repossessed car or truck, you may have valid defenses and/or counterclaims to what they are suing you for.
What to do if you don’t have a title in Indiana?
If you have not received a title to your vehicle in the required time, file a complaint with the Indiana Attorney General’s Office and the Secretary of State Dealer Services Division. If you are buying a used car, be sure to read the information below so you can avoid becoming a victim.