The term, cooling off period, as it relates to car buying and leasing, is typically confused with the Federal Trade Commission’s 3-Day Cooling Off Rule that applies only to door-to-door sales, health club memberships, and other types of sales — but never to automobile purchases or leases, unless specifically offered by a dealer at the time of purchase or lease.

In California, buyers may be offered a 2-day return policy, for which a fee is charged. Certain restrictions and conditions apply. Search for “California Car Buyer’s Bill of Rights” for more details.