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Could I get free from an agreement to get a motor vehicle from an automobile dealer? Your Cooling-off legal rights

This factsheet provides you details about the best to cancel a agreement with an engine vehicle trader making use of the cooling-off duration in the Motor Car Traders Act 1986 (Vic). What the law states Handbook provides information on other liberties you might have.

If you wish to attempt to get free from agreement by having an engine automobile investor, look for advice that is legal. It could be alot more difficult – and sometimes impossible – to work out your legal rights if you allow too time pass that is much.

THE COOLING-OFF DURATION

You've got the straight to cancel a agreement to buy a motor automobile from the engine vehicle investor:

Three ‘clear days’ will not are the time upon that your agreement had been finalized, Saturday, Sunday or a vacation that is public] A notice setting-out your rights that are cooling-off be within the contract.[iii]

HOW EXACTLY TO CANCEL OPERATING COOLING-OFF RIGHTS

STEP ONE: Get advice about most of the legal rights you may have to cancel the agreement, together with your rights that are cooling-off.

STEP TWO: Fax a letter to your engine automobile investor

Termination on the basis of the right that is cooling-off be written down. An example page are available below.

Be sure you keep a duplicate of one's page and evidence it was gotten because of the engine vehicle investor within three clear times of you signing the agreement.

LOSING YOUR COOLING-OFF RIGHTS

For agreements joined into on or after 3 November 2014, your cooling-off rights end in the event that you accept distribution associated with automobile in the 3 time cooling-off duration.[iv]

In the event that engine vehicle investor lets you know you don't have cooling-off legal rights, have advice to ensure the investor is proper.

PENALTY FOR COOLING-OFF

In the event that you exercise thooughly your cooling-off legal rights, the engine automobile investor must get back any trade-in car and a lot of for the cash you have got compensated, but can keep: