Lemon car – how it affects your car loan?
Lemon vehicles have always been an issue for many people, and many of them have bad situations. No one likes or wants their new vehicle to be a lemon, and getting a lemon will worsen the situation for everyone. They can return that vehicle after a short time under the lemon law.
But in most cases, if anyone purchased a lemon vehicle, they have to spend a lot of effort to file a case, hire a lawyer, and for many other purposes.
On the other hand, there are cases where a lemon car can circulate again in the automobile market, which can result in many problems. The problem is that lemons are found among new and old vehicle.
There are chances that you might take a car loan to purchase a vehicle. But what if it is a lemon as stipulated by the auto protection dept? Here is some information regarding how such a loan is affected by a lemon car.
About a lemon history car
Lemon is a car that has many reoccurring issues which cannot be resolved even after several attempts of repairs. Such a car is termed a lemon under automobile lemon laws in Texas. They will not offer all the services or features guaranteed by a dealer and will also affect the safety of the consumer.
Sometimes, a lemon car might be mislabeled or have only some manageable issues. Some dealers or automaker will buy back those cars and repairs them. Thus, it will enter the auto market again. All such cars are said to be called lemon history cars. But such cars can be found via the vehicle history report wherein you can discover if any other people owned them. It will also include the number of times the car has been repaired.
How does a lemon car affect your loan?
There are some cases where the buyer takes a loan to purchase a car, which turns out to be a lemon as per the mandates of the automobile lemon laws in Texas. But they are also eligible to claim lemon law for this case. You also must ensure that the lender gets their due to qualify for the lemon law. If you find that your new car is a lemon in such cases, you must continue making your loan payments. You can only claim your refunds legally if you do this. Apart from that, it would help if you also made the lender know that your car is a lemon and you are planning to claim the lemon law.
Conclusion
Are you worried about having a lemon car purchased by taking a loan? Check with a competent lemon lawyer or check with the auto protection dept for appropriate relief.
Andrew Richardson is the author of this Article. To know more about Auto protection dept please visit our website: allenstewart.com
