Top 10 Consumer Myths

MYTH ONE - I have a three-day right to cancel any purchase (including new and used car purchases).
FACT: There is no universal right to cancel purchases. A three-day right to cancel exists for only a limited number of consumer transactions. For the most part, the three-day right to cancel applies only to credit or cash transactions of $25 or more that were initiated through face-to-face contact (such as door-to-door sales) away from the seller's regular place of business and that resulted in a written agreement. The three-day right-to-cancel provision does not cover purchases of real estate, insurance or securities.

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Am I covered by Georgia’s Lemon Law?
The Lemon Law protects consumers. You are covered by this law if:

You entered into an agreement or contract for the purchase or lease of a new motor vehicle primarily for personal, family or household use (regardless of what the documents call the transaction); or
Your sole proprietorship, partnership or corporation owns or leases no more than three new motor vehicles for commercial use and has ten or fewer employees and a net income, after taxes, of $100,000 per year or less for federal income tax purposes.

Does the Lemon Law cover all vehicles?
No. Only new motor vehicles are covered by Georgia’s Lemon Law. This means new, self-propelled vehicles that are primarily designed to transport people or property over public highways and were purchased, leased or registered in Georgia. The title of the vehicle must still be in the name of the person who originally purchased or leased it and cannot have been previously issued to anyone other than the selling dealer.

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