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Cooling off period on used car purchase?

Asked by Denese Andrews

Is there a cooling off period when you buy a used car?

Answered by CarsGuide

10 Apr 2015 Carsguide.com.au

Yes, if you bought it from a licensed dealer, but the cooling-off period is just one business day (three days in Victoria). If you drive the car away during that one-day period, such as driving it home, it is cancelled, except if you take it for a test drive or to a mechanic for an inspection. The dealer is required to give you a cooling-off period form to fill out and sign before he gives you the contract, if he doesn't give the form he must give you a cooling-off period of seven days instead of one day. If you bought it privately you have no such protection.

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