How does repurchase work under lemon law?


Posted October 24, 2019 by allenstewartpc

A favorable court verdict under Lemon Law New Cars in Virginia does a world of good to the aggrieved party. The manufacturer is liable to buy back the car from the buyer in the form of a repurchase.

 
A favorable court verdict under Lemon Law New Cars in Virginia does a world of good to the aggrieved party. The manufacturer is liable to buy back the car from the buyer in the form of a repurchase (i.e. the full refund of the amount paid towards buying a lemon car originally by the buyer).

There may be some contention when the amount is being decided for the repurchase. The defendant’s lawyers will try their best to release as less money as possible to reduce the dealer’s ‘loss’. So, the buyer will need to be vigilant enough to not incur an unnecessary loss

The buyer can take note of these factors that come into play when determining the repurchase amount

1 – In case of full cash buy – the buyer will get the full amount refunded minus the mileage offset
2 – In case of financing – the lender will receive the mortgage balance amount directly from the manufacturer. In case the proceeds are not enough to pay off the mortgage, the buyer will have to bear the outstanding balance needed to pay off the mortgage
3 – In case of lease – the lessor will receive the lease outstanding amount directly from the manufacturer.

Car buyers who have won a verdict of getting a repurchase done, need to check out the presence of these charges added to the repurchase amount

1 – all costs like road tax that the buyer pays at the time of car purchase
2 – all costs like oil change etc. that car buyer incurs to keep the car in proper condition
3 – all costs like legal fees that a lawyer is entitled to for representing the car buyer under Virginia Lemon Law New Cars

Many people might not know about these different charges and may get only a fraction of the total amount they are actually eligible for.

About Allen Stewart, PC

Allen Stewart, PC offers reliable advice for winning lemon law claims against defective vehicle purchases made by its clients. The attorneys at Allen Stewart also offer expertise in other cases like Occupational / Environmental Leukemia, Non-Hodgkin Lymphoma, Occupational / Environmental Sinonasal Cancer, Birth Defects / Personal Injury, and Bankruptcy / Financial Distress.

The Dallas based team of attorneys represent the claims of aggrieved people that have been harmed by the negligent or unscrupulous acts of established business houses. They seek to correct the injustice done to people and stand with the people who aren’t able to seek legal remedy against the big companies.

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Allen Stewart, PC
325 North St. Paul St., Suite 4000
Dallas, Texas 75201
Toll free: +1 866.440.2460
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Issued By Allen Stewart, PC
Phone 866-440-2460
Business Address 325 North St. Paul Street #4000, Dallas, TX 75201
Country United States
Categories Law , Legal
Last Updated October 24, 2019
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