From Brexit to ‘Regrexit’ : what’s the scope for buyer’s remorse?

Rose, Richard (2016) From Brexit to ‘Regrexit’ : what’s the scope for buyer’s remorse? The UK in a Changing Europe.

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Abstract

Buyers start with positive and often unrealistic expectations of the benefits of what they purchase, whether it is buying a used car, or a house. Remorse sets in when buyers find out what is under the bonnet or beneath the floorboards. To a limited extent sellers offer remedies for remorse. There is a cooling off period for making a house purchase between agreeing a price orally and signing a legally binding contract, but there is no money back guarantee for the buyer of a used car.