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from the California DMV website: Good luck...
Cancellation Option Specifics
The following indicates how much you can expect to pay if you choose to purchase the Contract Cancellation Option Agreement:
$75 for a vehicle costing $5,000 or less.
$150 for a vehicle costing more than $5,000, but not more than $10,000.
$250 for a vehicle costing more than $10,000, but not more than $30,000.
One percent of the purchase price for a vehicle costing more than $30,000, but less than $40,000.
If you choose to return the vehicle, within the time specified, the dealer can charge a maximum restocking fee of:
$175 for a vehicle costing $5,000 or less.
$350 for a vehicle costing more than $5,000, but less than $10,000.
$500 for a vehicle costing $10,000 but less than $40,000.
Note: The fee paid for the Contract Cancellation Option Agreement is nonrefundable; however, if the dealer charges a restocking fee then the dealer must deduct the paid Contract Cancellation Option Agreement Fee from the restocking fee. If the dealer did not charge for the Contract Cancellation Option Agreement and has sold or transferred title of the vehicle that 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.
Returning a Vehicle Using the Contract Cancellation Option Agreement
The buyer must return the vehicle:
To the dealer where purchased by close of business within two days, or within the time-frame allowed by the contract.
Without exceeding the miles permitted by the contract.
With all original receipts of the sales and Contract Cancellation Option Agreement.
In the same condition as it was received, except for reasonable wear and tear and any defects or mechanical problems occurring after the buyer takes possession of the vehicle.
Free of all liens and encumbrances, other than any lien or encumbrance created by the sales contract.
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