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 Pennsylvania, there is no specific buyer's remorse law that allows a consumer to cancel a car purchase or lease simply because they have changed their mind after signing the contract. Once you sign a contract to buy or lease a car, you are legally bound to that agreement. Pennsylvania law does not mandate a cooling-off period or a right-to-rescind for car sales. It is crucial for buyers to thoroughly review and understand the terms of the agreement before committing to it. While some states may offer additional protections or options for buyers of used cars, such as a contract cancellation option for a fee that permits the return of the car within a limited time frame, Pennsylvania does not require car dealers to provide such an option. Buyers should be aware of the finality of their purchase or lease decision and ensure it is financially prudent before proceeding.