Buying a New Car
Must a car contract be in writing?
Yes, according to the Statute of Frauds of the Uniform Commercial Code (UCC). The UCC regulates sales of goods and securities and governs many kinds of commercial transactions. Since it has been adopted, with minor variations, by every state legislature except Louisiana's, it governs most auto transactions in the country.
The UCC says any sale of goods of five hundred dollars or more must be in writing and signed by the party against whom enforcement is sought. If the contract is challenged, the courts will not be permitted to enforce it unless it is in writing.
>>What information should an automobile ad include?
>>What are “bait and switch” ads?
>>What if the ad omits details?
>>Must a car contract be in writing?
>>Which terms should the contract include?
>>How should I evaluate the contract?
>>May I change a seller's preprinted contract?
>>May I cancel the contract even after I sign it?
>>What happens to my deposit if I cancel the contract?
>>What if I want to add something after I sign the contract?
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