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2006 New Mexico Statutes, Section 57-16-5-V prohibits manufacturers like Tesla to be licensed as a dealer, directly or indirectly performing warranty or other services. [51] Despite Tesla owners' pleas to change the law, they still currently depend on Tesla facilities that are either on tribal land or out-of-state for Tesla sales and services.
Complete window sticker for the 2012 Chevrolet Volt plug-in hybrid 2008 fuel economy sticker. The Monroney sticker is required to be affixed to the side window or windshield by the manufacturers before shipment of new vehicles to the dealer for sale in the United States and it can only be removed by the consumer (Chapter 28, Sections 1231–1233, Title 15 of the United States Code).
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]
With the Federal Reserve hiking interest rates to a two-decade high to battle inflation, buyers had to spend more on their car loan payments. Now that rates are coming down, that frees up cash to ...
When Experian compared the credit scores of car buyers who finance their ride with auto loans or lease from the dealer, it wasn't too surprising to see that the difference between the average ...
In a new report, research firm Cox Automotive found a surprising uptick in new car sales in November, outpacing industry estimates. It could be because buyers are itching to pull the trigger on a ...
Loan/lease payoff coverage, also known as GAP coverage or GAP insurance, [15] [16] was established in the early 1980s to provide protection to consumers based upon buying and market trends. Due to the sharp decline in value immediately following purchase, there is generally a period in which the amount owed on the car loan exceeds the value of ...
Consulting a consumer protection attorney may also help them recover their losses. What to read next Car insurance in America now costs a stunning $2,329/year on average — but here’s how 2 ...