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Grace Period for Car Loans

  • 05-07-2017 10:13PM
    #1
    JasonRoche2393
    Registered Users, Registered Users 2 Posts: 1 ✭


    [font=Arial, sans-serif]Hi guys, is there a grace period for backing out of a supposed car financing deal? I signed up for one today, but after reviewing the situation, I have cold feet and I think I will pull out. Please help me out :)[/font]


Comments

  • #2
    Bank of Ireland: Darren
    Closed Accounts Posts: 991 ✭✭✭Bank of Ireland: Darren


    JasonRoche2393 wrote: »
    [font=Arial, sans-serif]Hi guys, is there a grace period for backing out of a supposed car financing deal? I signed up for one today, but after reviewing the situation, I have cold feet and I think I will pull out. Please help me out :)[/font]
    Hi JasonRoche2393,

    Thank you for getting in touch with us.

    It can depend on what dealership you were using, because the majority of dealerships would ask you to sign a waver for any cooling off period (which would usually be 10 days). For this reason I would ask that you have a look through the paper work that you have received for this finance agreement and it should say if there is a cooling off period or should have a waver to forgo this.

    Thanks again,
    Darren.


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