The Buyers Remorse Law Does Not Apply To All Products

The buyers remorse law in certain states allows you to cancel contracts but is not available to all forms of contracts or purchases. You may get protection from door-to-door sales, mortgages, health clubs and other limited areas, but rarely applies to houses, cars and most other purposes. So if you think you can drive out with a car from an automobile showroom and bring it right back if you are dissatisfied with it, you need to think again.

When you purchase any product you must do so only if you are fully convinced that it is the right one for you and will give you the full value after you have paid for it. There is no buyers remorse law that gives you a cooling of period of a couple of days to return a product once you have purchased it. However many companies do leave escape clauses in their contracts that does enable a buyer to return a product , provided they are able to give sufficient reason for this return. Such escape clauses may even call for some sort of deductions for the customer having used the product for the days that it has remained with him or her.

There are many consumer organizations that feel that such a buyers remorse law should be on the statute books of all state legislatures. But while this may benefit a few, it is likely that such laws being on the books can on the contrary cause sellers to raise prices to cater fro the losses that such returns can induce. It makes for far more sense to make any purchases only after fully understanding the value of the product, its benefits and all other features before you lay out your money. Even in cases where merchants do offer refunds on merchandise, they will almost never return any costs they have incurred for shipping and postage.

Buyers remorse is a form of emotional feeling of regret, or anxiety after having purchased an item. It can quite often even be caused by a feeling of guilt of having spent money that has been hard to come by. This makes it all the more reason that any buyer must make himself or herself completely aware of any cancellation or return of goods clauses that most sellers do put into their contracts. Make sure that you have read all the warranty and guarantee clauses, though these will normally only be effective for replacement of a product and will rarely involve return of the value of the product. Some retail stores will even allow you to return a product as long as you undertake to buy some other product of the same value.

However laws do allow you to cancel a contract in case you have not been given a physical possession of a product. Once you have taken physical possession any return can only be made if the company that has given you the product is willing to accept it back. There are merchants who will do this, but it is more of a public relations exercise than one that is trying to keep on the right side of the law.