What is the time limit to return a new car in state of Illinois?

According to the Illinois Vehicle Code, new car buyers in the state of Illinois have three business days to cancel a purchase and return a vehicle. This three-day period begins the first business day after the delivery date listed in the sales contract.

Here are the key points about the three-day return policy:

Cooling-Off Period: The three-day cooling-off period provides car buyers with an opportunity to reconsider their vehicle purchase. During this time, they can inspect the vehicle, review the terms of the sale, and decide whether to keep or return it.

Written Notice: To exercise the right to rescind the purchase, the buyer must provide written notice of cancellation to the dealer within the three-day period. The notice must be in writing and delivered in person or sent via certified mail, return receipt requested.

Refund and Penalties: If the buyer cancels the purchase within the three-day period and returns the vehicle in the same condition as when it was purchased, the dealer must refund the full purchase price, including any down payment, fees, and taxes. The dealer may retain a reasonable fee for mileage driven and any damages incurred during the cooling-off period.

Exemptions: The three-day return policy does not apply to certain transactions, such as:

- Purchases by individuals who own five or more motor vehicles.

- Purchases of custom-ordered vehicles.

- Purchases of vehicles from private individuals.

It's important for car buyers in Illinois to understand the three-day return policy and their rights as consumers. If you have any questions or concerns about returning a vehicle, it's advisable to consult with an attorney or review the specific laws and regulations in Illinois.