Can I refuse to buy a car after receiving a notice of election to rescind? Posted on February 19, 2011

I received a Notice of Election to Rescind 4 days after financing a car. When I called the dealership the guy told me to not worry about it and that it was taken care of. It is two days later and I do not want the car anymore. The car is actually in the dealership's shop because there were problems that needed fixing. Can I still elect to take the car back and be reimbursed for my down payment?

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