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Panel OKs Bill to Give Vehicle Buyers ‘Cooling-Off Period’

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Times Staff Writer

Automobile purchasers could have a one-day “cooling-off period” to change their minds under legislation approved by the Assembly Ways and Means Committee. The bill was sent to the Assembly floor on a 12-9 vote.

“Consumers are often persuaded by overzealous sales people into signing a contract for a vehicle they neither want nor can afford,” said Assemblywoman Gwen Moore (D-Los Angeles), the sponsor of the bill (AB 126).

The measure also would allow the auto dealer to retain possession of the vehicle during the one-day “cooling-off period” to give the buyer a chance to decide to cancel the purchase contract. ASSEMBLY Floor Action

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