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People face many issues regarding their automobiles. Some of the most common problems faced by people are –
• Buying a defective car and the manufacturer refusing to refund, fix or replace it.
• After completing a final loan agreement, you are asked to sign a new agreement with a higher down payment.
• You have fallen for the web of misleading advertisements and you have been sold a more expensive car.
• The dealer hides optional add-ons and undervalues the trade-in while setting up the deal.
• Your car is repossessed by the creditor without your consent.
know your Rights
There are several laws that protect consumers from auto fraud. Here is a list of various laws and plans to protect them.
Magnuson-Moss Warranty Act
This law is used when a contractor, warrantor or supplier refuses to comply with a service contract, written warranty or implied warranty.
state recapture law
These laws state that –
• The car repossessor cannot remove your car from a locked garage without your consent.
• You can put your car up for auction or pay the full amount to buy the car back.
• You can get your car back in some states, if you pay the cost of repossession or reinstate your loan.
• Your car should not be sold for less than market value.
• You should be informed whether the creditor will put the car up for auction.
state lemon laws
Those cars are dealt with by lemon laws that have been repaired multiple times for the same defect. Different states have different lemon laws.
• After four attempts your car must be replaced or returned by the manufacturer for a substantial defect.
• After two attempts your car must be returned or replaced for a safety defect.
Truth in Lending Act (Tila)
As per TILA, interest rates and other information regarding the loan must be disclosed by the lenders before the loan is processed. You can get the best auto financing rates with the help of Tila.
Unfair, Deceptive, or Abusive Acts or Practices (UDAP)
You are protected by UDAP from misleading, unfair and deceptive practices including false advertisements.
contact a lawyer
If you want to contact a lawyer, you should be aware of the following.
repair record
Keep a record of the time the car is out for service and keep track of repair efforts. Every time you have your car serviced, be sure to submit a dated, written list of problems to your dealer.
notice required
Before you are eligible for a replacement or refund, you must go through your state’s notification requirement.
your refund or replacement
Ask the manufacturer for a replacement or refund only after verifying that your car qualifies as a lemon. If a valid arbitration program is included in your written warranty in order to obtain a replacement or refund, you may be required to go through arbitration.
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