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Cooling off period private sale?
Posted: Tue Aug 11, 2009 10:47 am
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.
Re: Cooling off period private sale?
Posted: Tue Aug 11, 2009 11:09 am
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?
Re: Cooling off period private sale?
Posted: Tue Aug 11, 2009 11:15 am
by George Schilling
Just a rule of thumb Bob, if you have cash, it's a done deal.
Re: Cooling off period private sale?
Posted: Tue Aug 11, 2009 11:32 am
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 !!!
Re: Cooling off period private sale?
Posted: Tue Aug 11, 2009 11:40 am
by Bob Pl
George Schilling wrote:Just a rule of thumb Bob, if you have cash, it's a done deal.
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