Generally, under normal contract law, once you sign a contract for purchase of a car and take it from the dealer's lot, you own it. However, some dealer's contracts may have clauses allowing you to return the car within a certain time-frame. But unless the contract you signed contains such a clause, you own the car. The fact that you lost your job has nothing to do with the formation and binding nature of the purchase contract.
Answered on Dec 01st, 2011 at 10:34 AM