How to Avoid Buyer’s Remorse and Get Out of a Bad Deal - Consumer Righ...

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We've all made the mistake of signing on the dotted line and getting into a bad deal.

Perhaps a salesperson talked you into buying something you weren't really comfortable owning. Or maybe you took out a home-equity loan and later had second thoughts.

No matter the situation, the end result is the same: You have a bad case of buyer's remorse and wonder what, if anything, can be done.

Fortunately, there are many ways to unwind a transaction you've come to regret. Here's how to get out of a bad deal on four common purchases and borrowings.

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second top grievance. 12 Ways to Avoid Impulse Buying When it seems like a good deal, do yourself and your wallet a favor: Wait before you buy. Your car

Most of the time when you buy a car, you're either financing or leasing. If you finance your car and change your mind after signing a contract, you're still stuck with it unless the car has

mechanical problems. In that case, you might have recourse via your state's lemon laws.

With a leased vehicle, though, you have far more options — even if you simply changed your mind.

Scot Hall, executive vice president of operations at Swapalease.com, estimates that at least 50 percent of people who lease cars experience buyer's remorse at some point during the contract.

"People might not be happy with the deal for any number of reasons," Hall says. "Financial difficulties may arise or there may be a change in family circumstances."

For older Americans, Hall says it's not uncommon for them to experience a kind of "empty nester syndrome in reverse."

"Someone with a minivan might have their last kid who just graduated from college, and now they want a two-seater," Hall notes.