People tend to face numerous problems regarding their cars. Some of the most common problems people face are:
• Buy a defective car and get a refund, repair and replacement from the manufacturer.
• After completing a final loan agreement, you are asked to sign a new agreement with a higher down payment.
• You are caught with misleading advertisements and have been sold a more expensive car.
• The dealer hides optional add-ons and undervalues the exchange during bidding.
• Your car is repossessed without your consent from the creditor.
Know your rights
There are different laws that save consumers from auto fraud. Here is a list of various laws and their protection scheme.
Magnuson-Moss Warranty Act
This law is used when a contractor, guarantor, or supplier denies performance of a service contract, written warranty, or implied warranty.
State recovery laws
These laws state that:
• The vehicle recovery company cannot remove your car from a locked garage without your consent.
• You can put your car up for auction or you can pay full money to buy the car back.
• By paying recovery costs or reinstating your loan, you can get your car back in some states.
• Your car should not be sold for below market value.
• You must be told whether the creditor will auction the car or not.
State lemon laws
Those cars are subject to lemon laws that have been repaired many times for the same defect. Different states have different lemon laws.
• Your car must be replaced or reimbursed by the manufacturer for a substantial defect after four attempts.
• Your car must be refunded or replaced for a safety defect after two attempts.
Truth in Loans Act (TILA)
According to TILA, lenders must disclose interest rates and other information related to the loan before processing a loan. You can get the best auto financing rate with the help of TILA.
Unfair, deceptive or abusive acts or practices (UDAP)
You are protected by UDAP from misleading, unfair and false acts, including false advertisements.
Contact a lawyer
You should know the following if you want to communicate with an attorney.
Repair record
Keep track of car timing when out of service and track repair attempts. Every time you repair the car, be sure to send a written and dated list of problems to your dealer.
Notification required
Before you are entitled to a replacement or refund, you must meet your state’s notification requirement.
Your refund or replacement
Ask the manufacturer for a replacement or refund only after confirming that your car is rated lemon. You may need to undergo arbitration if a valid arbitration schedule is incorporated into your written warranty, in order to obtain a replacement or refund.
