What does it mean to take delivery of a car?

Question

I need to know because I need to get out of a car contract. I haven't payed any money on the car yet.

Answer 1

As soon as you sign the papers, you have taken delivery.  No, there is no way out of the contract.  Enjoy your car.

If you should happen to decide not to pay them, and return the car, it will be entered as a repossession on your credit.

Answer 2

Taking delivery is when you sign for the car and it is now documented as you being the owner.

Answer 3

Generally it means driving the car off the dealer's lot after you've signed all papers. In some cases, you've taken delivery if you get in the car and start it up after signing papers, depending on state laws.

Answer 4

Well this changes everything.  You took delivery of the car by actually taking the car home and signing.

The only thing you can hope for now is that you didn't sign for the financing or you can't get approved.