Cooling off period private sale?

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Bob Pl
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Cooling off period private sale?

Post by Bob Pl »

Is the new Cali law only for dealers or also private sale? Did it even pass & get signed into law?

I sold my old Bronco & buyer really likes it, but just wondering................

Maybe his GF won't like it.

:)
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Christine Grice
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Re: Cooling off period private sale?

Post by Christine Grice »

Bob Plante wrote:Is the new Cali law only for dealers or also private sale? Did it even pass & get signed into law?

I sold my old Bronco & buyer really likes it, but just wondering................

Maybe his GF won't like it.

:)
http://www.dmv.ca.gov/pubs/brochures/fa ... ffvr35.htm" onclick="window.open(this.href);return false;
This law does not apply to motorcycles and off-highway motor vehicles or to transactions between private parties.
There is no "cooling off" period unless you obtain a contract cancellation option.
Important: The contract cancellation option does not apply to used cars priced at $40,000 or more, new cars, private party sales, motorcycles, off-road vehicles, recreational vehicles, or vehicles sold for business or commercial use.
The web page says this law was effective as of July 2006, Is this the law you are refering to?
~Christine Grice
2006 Mitsubishi Evolution, Berry Family Racing/Hoosier/ChaseCam
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George Schilling
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Re: Cooling off period private sale?

Post by George Schilling »

Just a rule of thumb Bob, if you have cash, it's a done deal. :thumbup:
CASOC Autocross Club, 1984 Van Diemen RF-84, 1600cc Kent, Hewland Mk9, Centerline 2 pc. wheels, Hoosier R25B, SuperTrapp, Zimmer Alloclassic titanium left hip w/Metasul LDH chromium-cobalt lg dia head
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Bob Pl
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Re: Cooling off period private sale?

Post by Bob Pl »

Christine Berry wrote:
Bob Plante wrote:Is the new Cali law only for dealers or also private sale? Did it even pass & get signed into law?

I sold my old Bronco & buyer really likes it, but just wondering................

Maybe his GF won't like it.

:)
http://www.dmv.ca.gov/pubs/brochures/fa ... ffvr35.htm" onclick="window.open(this.href);return false;
This law does not apply to motorcycles and off-highway motor vehicles or to transactions between private parties.
There is no "cooling off" period unless you obtain a contract cancellation option.
Important: The contract cancellation option does not apply to used cars priced at $40,000 or more, new cars, private party sales, motorcycles, off-road vehicles, recreational vehicles, or vehicles sold for business or commercial use.
The web page says this law was effective as of July 2006, Is this the law you are refering to?
Yup, I thought it was dealers only, thanks !!!
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Bob Pl
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Joined: Thu May 15, 2008 11:26 am
Club: GRA
Car#: 26

Re: Cooling off period private sale?

Post by Bob Pl »

George Schilling wrote:Just a rule of thumb Bob, if you have cash, it's a done deal. :thumbup:
Benjamin's in my jeans pocket.

Had that B2 for 7 years. Put more $$ into it for repairs than I'm willing to admit, but both my kids enjoyed it. Good little "clunker"

Put 25k miles on it.

Thanks George
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