Yes! You have 14 days to reject a car finance agreement – also known as the “cooling-off’ period. Those 14 days start on the day you sign the agreement or the day that you receive a signed copy of it, whichever happened last. This applies to all regulated finance agreements.
You’ll need to get in touch with the finance company ASAP and let them know that you don’t want to proceed. They can then ask the dealer to reverse the deal and return the funds.
Remember though, ending your car finance agreement doesn’t automatically mean you’ve also pulled out of your contract to buy the car. In that case, you’ll have to find another source of funds to pay for the car.
When you’re ready to find finance again, get a quote to find out more. Rates from 7.9% APR. Representative APR 21.9%.