There is no buyer’s remorse, cooling-off, or right-to-rescind law that requires the seller of a new or used car to cancel the sale or accept the return of the car. When you sign the contract for the purchase or lease of the car, you are legally obligated to the purchase or lease. Because of the finality of the lease or purchase agreement, it is important to carefully read and understand the agreement before you sign it—and to determine whether buying or leasing the car is a good financial decision for you. Some state laws require car dealers to offer extra protections for buyers of used cars—such as a contract cancellation option agreement that the buyer may purchase for an additional fee, and that will allow the buyer to return the car and cancel the contract within a short period of time (2 days).

In Indiana, there is no specific buyer's remorse, cooling-off, or right-to-rescind law that obligates a car dealer to cancel a sale or accept the return of a vehicle once the purchase or lease contract has been signed. Once you sign a contract for the purchase or lease of a car in Indiana, you are legally bound by its terms. This makes it crucial to thoroughly review and understand the contract before signing it. Additionally, it's important to assess whether the financial commitment of buying or leasing the car is a sound decision for your circumstances. While some states may have laws that require car dealers to offer additional protections for used car buyers, such as a contract cancellation option for an extra fee, Indiana does not mandate such protections. Buyers in Indiana should be aware that, generally, once a car sale is finalized, they do not have the legal right to cancel the contract simply because they have changed their mind.