If you have recently purchased a brand new car and it already needs fixing,your car is a lemon. Lemon cars often have major issues, including faulty brakes, faulty transmission, or other serious issues. If you have a lemon car, don’t panic. The first thing you should do is to visit the National Highway Traffic and Safety Administration, to see if your car has recent recalls. Otherwise,the following are 4 actions you should take to resolve the issue.
Record Timeline of Events
It is important to keep a record of the date you bought your car. Also, write down the date and the length of time you first noticed you were having car issues. Keep a record of when you informed the dealer and manufacturer. If your car was repaired, store all of your receipts in a safe place, with the rest of your documents. Additionally, write down the results of your repair(s).
Check to See if You Have Warranty
Locate your vehicle identification number, on your insurance card. Also, write down your vehicle’s mileage. Then, call the dealership, to see if your vehicle is already under warranty. If it is under a power-train warranty, the major components of your car will be covered. This includes the engine and transmission. Depending on the manufacturer, some offer more coverage, such as a seat belt warranty.
Even if your car is still under warranty, consider purchasing extended warranty. This is due to it not being initially reliable. It also depends on how often you drive your vehicle and much more. If you decide to purchase an extended warranty, shop around and read reviews. This will ensure that you are aware of whether warranty claims are usually honored.
View Lemon Laws in Your State
Lemon laws’ requirements often differ in each state. These laws were put in place to provide options for people who purchased cars that did not meet their expectations. However, keep in mind that this law doesn’t apply to all situations.
Be sure to follow the requirements of the Lemon law. If any repairs are needed, take it to the dealer. This will ensure the manufacturer is held responsible for the repairs. Also, again, as stated above, keep detailed records, in case you have to go to court. Be sure to have the following ready: vehicle identification number (VIN), email address, and the vehicle’s make, model, and year.
Buyback Your Vehicle
If you have attempted to repair your vehicle with no success, consider buying back your vehicle. The buyback amount depends on a number of factors. This includes the monthly and down payments you have already made. The remainder of the loan is also considered as well. However, keep in mind that any fees paid due to late payments will not be included. Other factors that are considered include any registration fees, transportation charges, sales tax, and licensing fees. Any other official charges you incurred will also be considered as well. This includes rental car expenses, towing fees, prepayment penalties, and repair costs. It also includes early termination charges as well as earned finance charges.
The buyback process may initially seem like an uphill battle. However, it will be worth it in the end. After all, the money you receive can be used to purchase another vehicle. Consider purchasing your next vehicle that is not too overly high-tech. Sometimes, they are more prone to issues.
If you happen to have a lemon car, laws and regulations are in place, to ensure you are compensated. However, you must take action and follow the recommended steps listed above. This will ensure the issues can be dealt with in a timely manner.