answersLogoWhite

0

To my knowledge, "The right to recision" only exists (with a car dealer) if you were to complete your purchase off-sight, that is not on the automobile dealership's property. If you sign all of your papers at the dealership, there is no right of recision. However, if you signed all of your papers (at the dealership) and did not physically take "delivery" of the vehicle, that is left the vehicle at the dealer, the sale is not completed. The reverse however holds true too for the client. Let's say a client signs all of their loan documents on an automobile (at the dealership and is given copy's) and takes delivery of the vehicle; If the loan is then declined by the finance institution that the dealer may use, the dealer is bound to the contract and has to guarantee the loan. In other words, the dealer can't back out of the transaction either.

User Avatar

Wiki User

17y ago

Still curious? Ask our experts.

Chat with our AI personalities

EzraEzra
Faith is not about having all the answers, but learning to ask the right questions.
Chat with Ezra
BlakeBlake
As your older brother, I've been where you are—maybe not exactly, but close enough.
Chat with Blake
BeauBeau
You're doing better than you think!
Chat with Beau

Add your answer:

Earn +20 pts
Q: Is their a 3 day right of recision in Tennessee in auto buying?
Write your answer...
Submit
Still have questions?
magnify glass
imp