NOTE: There is no "cooling off" period unless you purchase a contract cancellation option agreement.

EXCEPTION: The contract cancellation option agreement does not apply to used cars priced at $40,000 or more, new cars, private party sales, motorcycles, off-highway vehicles, recreational vehicles, or vehicles sold for business or commercial use (does not include pickup trucks purchased for personal use).

If you choose to purchase the contract cancellation option agreement, expect to pay:

• $75 for a vehicle costing $5,000 or less.

• $150 for a vehicle costing $5,001-$10,000.

• $250 for a vehicle costing $10,001-$30,000.

• One percent of the purchase price for a vehicle costing $30,001-39,999.

If you return the vehicle within the time specified, the dealer may charge a maximum restocking fee of:

• $175 for a vehicle costing $5,000 or less.

• $350 for a vehicle costing $5,001-$10,000.

• $500 for a vehicle costing $10,001-39,999.

NOTE: The contract cancellation option agreement fee is nonrefundable. However, if the dealer charges a restocking fee, they must deduct the contract cancellation option agreement fee from the restocking fee. If the dealer did not charge for the contract cancellation option agreement and sold or transferred title of the vehicle the buyer used as a down payment or trade-in, the fair market value or value stated in the sales contract must be refunded, whichever is greater.