In Colorado you have perched a used car and not taken possession of the due to repairs second thought wish back out this deal?

Yes, in Colorado, you have the right to cancel a used car purchase, even if it is a private sale. The law gives you a three-day right of rescission, which means that you can cancel the contract for any reason, without penalty, within three business days of signing it.

To exercise your right of rescission, you must:

* Give the seller written notice of cancellation within three business days of signing the contract. The notice must include your name, address, and phone number, as well as the date of the contract. It must also state that you are canceling the contract.

* Return the car to the seller in the same condition that it was in when you bought it. This means that you cannot drive the car, make any repairs, or alter the car in any way.

* Pay the seller any unpaid balance on the purchase price.

If you meet all of these requirements, the seller must refund your money within three business days of receiving your notice of cancellation.

There are a few exceptions to the three-day right of rescission:

* If you buy the car from a dealer, you may not have a right of rescission.

* You may not have a right of rescission if you waive it in writing.

* You may not have a right of rescission if you accept delivery of the car outside of Colorado.

If you have any questions about your right of rescission, you should talk to a lawyer.