Quote Originally Posted by Kunal View Post
I wanted to cancel the present loan and wants to transfer the car to new car loan. Is there any cooling off period in loan applications as in insurance applications?
Cooling off does not apply - It's too late to cancel the car loan, once it was accepted and signed by you and the car loan company or bank; then you took possession of the car, the deal is concluded and it has become legally binding between you and bank.