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Can I get out of a car loan contract if it has been less than 4 days?

1 Answers. Asked on Nov 02nd, 2016 on Contracts - New Jersey
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Did a Lease End buyout of my vehicle and signed the contracts. Later discovered they increased buyout price in contract by over $3,000. Can I terminate contract and return car? Dealer said he will not change contract.
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Answered on Nov 03rd, 2016 at 6:36 AM

You can try to get the dealership to rescind the contract, but if you have signed it, you are bound by it.  If the price you are paying now is not what you thought it was going to be in the contract you signed, then you might be able to cancel the contract based on fraud or change in the terms.  

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Most people and business enter into contracts on almost a daily basis. Simply put, a contract is a legally binding agreement between two parties. One party makes an offer to do something in exchange for "consideration," or payment, and the other party accepts that offer. Contacts can be verbal, in writing or even implied. Some contracts--such as signed credit card receipts--are very simple. Others--such as those used to buy or sell real estate--are far more complicated. If you are entering into a complex transaction, it pays to hire a contract law attorney as early as possible in the process. Your lawyer can help negotiate the terms and conditions of the agreement, then draft the contract or review the contract that has been presented to you. Law firms with experience in contract law can also defend you if you or your company has been accused of breaching a contract, or if you need assistance enforcing a existing contract.
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