Ah, the 'cooling off period'—the legal safety net for when you buy a car on a whim and then realise you've just signed up for a lemon. In South Australia, this period is generally 2 business days after signing a contract for a used vehicle from a licensed dealer. During this time, you can cancel the contract without penalty, provided the vehicle isn't a new car or bought at auction.
New cars usually don't have a cooling off period, and private sales are a minefield of no guarantees. If you're itching to back out, act fast and read the fine print. For more details, check out ServiceCentral or Tradingpost's guides on SA consumer rights.
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