Question"I just signed a number of documents agreeing to buy a truck. There is a trade involved and I plan to pay the remainder in cash (check). I don't have the truck, they don't have any money. I am pretty certain that I will go through with the deal, but I am having "buyers remorse" due to the fact that I am trading a perfectly good (paid for) truck. Could I just say I am not interested any more?"
AnswerSure, you can say "NO" I do not want the deal now. But, you ask yourself why you felt the need or desire to make the purchase in the first place. For example; Does your current truck have a warranty? Just in case you do have a major mechanical breakdown you want to make sure you're not laying out a lot of cash in a vehicle that's passed its value of repair.
Buyers remorse happens naturally when you make a big financial investment. Look at why you went truck shopping to start with and really examine the pros and cons of why you should take delivery of your new vehicle. Chances are you're feeling guilty that you're spending money when you can just get by with your old truck. You deserve a newer vehicle and if you negotiated a good deal...enjoy your new truck. If not, your hesitation in completing the deal will make the manager discount the selling price or give you more money for your trade just to make the deal.
So, ask for more money for your trade or a bigger discount...at this point you're willing to walk away from the deal if she or he says no. But the manager isn't that much of a risk taker at the end of the month/year.
But, yes...if you still have your trade, your trade title, and have paid no money...you can still back out.
Good luck and I hope this helps!
Douglas
