When does the purchase of a new car become complete? I have always heard that the buyer has to take possession of the vehicle and drive it o...

Question

When does the purchase of a new car become complete? I have always heard that the buyer has to take possession of the vehicle and drive it off the lot but I am being told now that when the paperwork is signed, the deal is complete even though possession of the vehicle never changed.

Answer

When the agreement is executed.

Answer

The second you sign, it's yours.