If my daughter purchases a used car from a dealership, but is unable to obtain or afford insurance for the vehicle (due to a really bad driving record) will she be able to step away from the deal?
She signed the purchase/financing papers this last Friday.
I know that there is no “buyer’s remorse” law that pertains to used cars, but would a dealership hold her to the deal if she can’t get insurance?
Thanks for any advice.
If your state has mandatory auto insurance for drivers, they probably have assigned risk plans that the insurance companies must offer, no matter what your driving record. Your daughter may find the rates prohibitive, but that is not the dealer’s problem. They have the option of cancelling the deal, but they are under no obligation to do so.
The rates are definitely prohibitive.
Since the OP probably started two threads by mistake, I"ve closed this one.
samclem Moderator, GQ