To get right to the answer, no. Not in Maryland.
Many consumers mistakenly believe all contracts allow a 3-day cooling-off period during which you can cancel the contract.
Generally, however, there’s no cooling-off period after you sign a contract. In Maryland, only a few types of transactions — such as door-to-door sales contracts — allow you three business days to cancel.
However, if the dealer promised finance terms, such as a certain interest rate or monthly payment, and is unable to honor those terms, you can’t be forced to accept other terms. In that situation, you may cancel the contract.
**This article is designed to provide helpful information that can be read within 2 minutes. It is neither a full explanation of this subject nor legal advice. To learn more, and to get legal advice on which you can rely, contact me or another lawyer.