1. Is there a “cooling off” period on vehicle purchases within the State of Arkansas?
- Dealers don't seem to be required by law to relinquish car buyers a three-day right to cancel. the correct to return the car during a few days for a refund exists as long as financing isn't approved. However, some dealers may, by contract, offer a right to cancel.
2. Is that the dealer obligated to sell me the vehicle at the advertised price?
- Yes, provided you recognize the advertised price before purchase. The dealer isn't obligated to refund you the difference between the advertised price and terms once the contract is signed.
3. The dealer states I have to put down extra money to induce approved financing, is that this true?
- Possibly, this might be a requirement of the nondepository financial institution, however you will want to get financing on your own, through your bank or bank. you're not required to get financing through the dealership.
4. I bought a vehicle AS IS and I drove it off the lot and it broke down, doesn’t the dealer must fix it or give me a special working vehicle?
- No, the contract stated that you simply are purchasing the vehicle AS IS and also the dealership is not any longer answerable for the vehicle repairs because, there's no warranty. Consumers can file complaints with the Arkansas car Commission regarding New car entities and their sales, management and finance staff which are licensed by the Commission.
Arkansas car Commission
101 East Capitol, Suite 204
Little Rock, AR. 72201-3826
Office hours are from 8:00 am to 4:30 pm Monday through Friday.
