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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 ...
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]
lemon State "lemon laws" often require that, if vendor attempts to repair a problem under a new-car warranty repeatedly fail, the manufacturer or dealer buy back or replace the vehicle. Depending on the jurisdiction, this may be required to be disclosed to subsequent owners of a problem car.
“A branded title means that a car was totaled and then put back together,” Nana-Sinkam said. “With that type of vehicle, you need to be mindful of if the weld was well done. That might give ...
How do title loans work? Car title loans come in a couple of different varieties. Some are single-payment loans, meaning the borrower must pay the full amount of the loan plus the interest rate ...
Dealers and manufacturers are required by branding the title as "Lemon Law Buyback" of such vehicles after their reacquiring them due to any defect, malfunctioning or failure under the federal statute or typically nonconformities under state "lemon laws"; dealers may not withhold the lemon branding of such vehicles and an "as is" or "with all ...
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These are legitimate reasons why specific buybacks may be bad, but each reason relies on self-dealing or incompetent managers to negate the buyback’s value or make it destructive.
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