this same problem is happening to me now. last week i traded in my 05 mustang for an 05 gt mustang. i was aware of being upside down and made the deal. this week i found out the car was in an accident and the bumpers and decklid had been replaced and the tone was a bit off. there was nothing about an accident in a carfax report so the dealer "didnt know about a previous accident". i find it odd that they claimed this car to be used certified with bumpers and decklid toned a different color. i thought they just used too much wax at the time. the dealer refused to cancel the contract because of the "no cooling off period" in california. i have not given them any money so they have yet to payoff my car although they do own the title. a voluntary repossession is an option but what are the consequences other then losing both cars and ruining my credit?. on the other hand the law also mentions that the contract can be cancelled if both parties agree to it. im wondering if theres a way i could rewind the deal by getting my car back returning theirs and instead buying a different car from them without a trade in? anything would help. thanks.

