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Buyer's remorse is a powerful experience for consumers. For years, marketers have been attempting to reduce buyer's remorse through many different methods. One specific technique employed by marketers is the inclusion of a coupon towards a future purchase at the point of sale. This has many benefits for both the consumer and retailer.
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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]
Many U.S. states impose versions of those cooling-off period laws, and offer similar laws for an additional range of transactions, such as time share purchases and health club contracts. For example, California provides cooling-off periods for many consumer transactions, including insurance purchases, car warranties, dental services, and weight ...
Not all car salespeople are out to deceive buyers, but unfortunately, some are. That’s why it’s best to arm yourself with knowledge and know when to walk away. For You: These 10 Used Cars Will ...
Purchasing a new car is a pretty straightforward affair. Buying used, however, requires you to do much more legwork to make sure you're getting a good car and a good deal -- and that you're not ...
Buying a used car is usually a wise move financially -- most people have heard the statistic that a new car loses around 10% of its value the minute you drive it out of the lot. After the first ...
A car buyer should only be able to buy low-quality used cars, and will pay accordingly as the market for good used cars does not exist. Akerlof examines how the quality of goods traded in a market can degrade in the presence of information asymmetry between buyers and sellers, which ultimately leaves goods that are found to be defective after ...