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 Utah, there is no specific buyer's remorse, cooling-off, or right-to-rescind law that obligates a car dealer to cancel a car sale or accept a return once the contract has been signed. When a consumer signs a contract to purchase or lease a vehicle, they are legally bound by its terms. It is crucial for buyers to thoroughly review and understand the contract before signing to ensure that the decision to buy or lease is financially sound. While some states may have laws that require dealers to offer additional protections, such as a contract cancellation option for used cars, Utah does not mandate such protections. Consumers in Utah should be aware that once they sign a vehicle purchase or lease agreement, they are typically committed to the terms of that agreement without a statutory right to cancel.