Tips on Buying Cars: Buying a used car., california state law, finance papers

Question
I signed papers last night to purchase a used car from a dealer.  I traded in my current vehicle.  I did not take possession of the new (used)  car and have not turned over the pink slip on my current car.  I have not signed the finance papers.  I am scheduled to pick it up today.  Is there anyway I can get out of this deal?  I live in California.

Answer
Therese,

Thanks for your question.  You are not obligated by law until you take delivery of the vehicle.  They will try and tell you that you are, but until you take possession of the product, you have every right under California State Law to back out of the car deal.

Hope this helps.

Thanks - JB