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BUYING OR LEASING A CAR
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Buying a New Car

All too often, people in the market for a new car walk out of the dealership with a car they can't afford, a car they don't really want, or a car for which they paid far too much. This is not surprising, because dealers are masters at applying high pressure sales tactics. The key to buying the car you want at a good price is to do your homework before you enter the dealership and to negotiate effectively with the dealer. Here's how.

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Can I cancel a contract within three days of signing it?

I've heard of a law that allows consumers to bail out of sales -- including cars and houses -- within 72 hours of the sale. What are the specifics?

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lemon

A car that gives you serious trouble soon after you buy it. To qualify under state "lemon laws," the defect must be substantial and must occur within a certain time or mileage period, usually 12,000 miles or one year. You usually have the option of getting a refund or a replacement vehicle for a lemon, though you may have to go to arbitration or court to exercise this option.

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