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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]
Jurisdictions outside the United States do not have such laws protecting car dealerships. [9] The laws against direct sales arose historically in the United States starting in the 1930s, as automobile manufacturers started using independently franchised dealerships to offload the tasks of retail selling and servicing vehicles. [38] The laws ...
Most car dealerships display their inventory in a showroom and on a car lot. Under U.S. federal law, all new cars must carry a sticker showing the offering price and summarizing the vehicle's features. [4] Salespersons, predominantly those who only work on commission, negotiate with buyers to determine a final sales price. In many cases, this ...
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 ...
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).
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 ...
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