Different theories under the laws of all states in this country have different statute of limitations. As such, there are sttaute of limitations concerning a used car purchase as follows: 1. breach of contract-four (4) years; 2. fraud-three (3) years; 3. negligence-two (2) years.I suggest that you take the car you bought to a reputable mechanic for a good inspection to make sure that there are no more hidden issues with the vehicle you recently purchased.