Susan H. asked

⚖️  Law

My 22-year-old son signed a motor vehicle retail order agreement and GMAC lease agreement on Saturday, 1/20/07 in Cherry Hill, NJ. He learned today that in order to get insurance at the limits required in the lease, annual premiums would be in excess of $7,000, and he cannot afford insurance and the car payment. Does he have a right to cancel the contract today or tomorrow?

April 5th, 2023

Meagan G. answered

Unfortunately, there are no 3-day right-of-recission laws that apply to automobile purchases or leas...

April 5th, 2023

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