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  2. Lemon law - Wikipedia

    en.wikipedia.org/wiki/Lemon_law

    Lemon law protection arises under state law, with every U.S. state and the District of Columbia having its own lemon law. [1] Although the exact criteria vary by state, new vehicle lemon laws require that an auto manufacturer repurchase a vehicle that has a significant defect that the manufacturer is unable to repair within a reasonable amount of time. [2]

  3. Adverse selection - Wikipedia

    en.wikipedia.org/wiki/Adverse_selection

    Lemon laws vary by countries, but generally require the seller to repurchase the product or replace it. For example, the Texas Deceptive Trade Practices allows for consumers to sue for triple damages in the event of sustaining harm as a result of purchasing a defective product as a result of the seller withholding information at the time of the ...

  4. Lemon (automobile) - Wikipedia

    en.wikipedia.org/wiki/Lemon_(automobile)

    Lemon laws primarily serve to force manufacturers to buy back defective vehicles or exchange them. Depending on the jurisdiction, a process similar to vehicle title branding may also be used to warn subsequent purchasers of the history of a problem vehicle. While this portion of a vehicle's history is usually not retained with the title when ...

  5. How to buy a car from a private seller - AOL

    www.aol.com/finance/buy-car-private-seller...

    Buying a used car from a private seller may be more complicated than purchasing a certified pre-owned used vehicle from a dealership. Although both methods require a bit of research, buying from a ...

  6. The Market for Lemons - Wikipedia

    en.wikipedia.org/wiki/The_Market_for_Lemons

    The federal "lemon law" also provides that the warrantor may be obligated to pay the attorney fees of the party prevailing in a lemon law suit, as do most state lemon laws. If a car has to be repaired for the same defect four or more times and the problem is still occurring, the car may be deemed to be a "lemon".

  7. Magnuson–Moss Warranty Act - Wikipedia

    en.wikipedia.org/wiki/Magnuson–Moss_Warranty_Act

    The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law (15 U.S.C. § 2301 et seq.). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.

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