Two days cool off period, when buying a car in Ontario?

OMVIC is proposing a two day cool off period for consumers when buying a car in Ontario, is this a good idea or will this policy be a flop? 

[@Userirjsj324]

Totally agree, i believe you didnt want to mention the condition of your car after 2 days if that was a good truck people can "buy it" take needed parts and return to you and say oh its broken

[@dkrawk8309]

When I started selling cars and my managers kept telling me that if there's no deposit, there's no commitment, there's no deal. When people said "I'll think about, I'll be back in an hour or next day" or whatever, I always told people "sure, I don't think anyone is going to buy it within this time" Untill 5 minutes later after the people left(and they were very nice people) another customer walks in and says, "I'd like to buy this car"....and he bought it. I'll never forget it, blue 2002 honda civic dx 4 door(this is year 2006). Sign the deal, all gravy. First set of people come back, see the sold sign in it, say "oh you didn't have to put sold on it yet, we didn't buy it yet, but that's so nice of you" ......"sorry guys, it got sold while you were gone" "but we told you that we're going to be back, bla bla, you son of mother loving yadda yadda"......yah, never forget it.

[@dkrawk8309]

If I'm in the room, there is no living creature on this planet that will be able to justify "deposit to hold it" Hold it for what? Why? Please explain it to me.

[@dkrawk8309]

Absolute nonsense. It would cause mayhem for dealers. On other hand, they also proposed for wholesellers to be able to buy vehicles from public, are you aware what happened to that?

[@tigercomgaming2033]

They cancelled it bro. Officially it didn't go through. Thank GOD!!