New Consumer Protection Laws – Lemon Laws That Offers Protection for Buyers of Used Cars
Car Issues Add commentsMarch 7-13 is National Consumer Protection Week 2010. It’s a week the government will devote to providing free resources and information to better inform consumers how and where to spend their money.
Gov. Chris Gregoire, Olympia, WA has signed two new consumer protection bills into law, and it just happens to come on National Consumer Protection Week. One deals with the lemon law rights of used car buyers.
New Lemon law for Used Cars
Under the old law, the lemon law applies only to new cars. The new consumer protection bills on lemon law offers added protection for buyers of used cars.
The used car price has actually gone up because of their demand. People are not allowed the information they ought to have when they want to buy used cars. If you buy a lemon car without the knowledge and find out it’s a lemon later the resale value of this used car plummets.
You can make an informed decision for buying if you are allowed the information by the used car dealer about the defects of the lemon buy back in the market on sale.
Lemon law rights for Used Car Buyers
At used car lots the used cars may look relatively new. The right to information renders a buyer to make an informed decision about his buy, despite its looks.
In the case of a lemon, the dealer should inform the consumer if
- The car has specific problems
- These are the cars that had been the buy backs by the manufacturer from the erstwhile owners
- These lemon cars were wholesaled by the manufacturers and are on sale
- You might be willing to buy a car that’s been returned as a lemon if
- You have a right to information on the defect that had turned the vehicle a lemon
- The price is appropriate even if the car has a problem
The new law is especially timely
- The new law necessitates the dealer to inform you about the car’s specific issue or problem if it’s a lemon
- The slumping economy has boosted the popularity of used cars
- A used car dealer is required to disclose to a prospective buyer if a car has been returned as a lemon, just as any new car dealer would
President Obama’s “Presidential Proclamation” in a March 5 White House press release explains that National Consumer Protection Week (NCPW) gives all Americans an opportunity to become better-informed consumers.
The second law the governor Chris Gregoire, Olympia, WA signed deals with scammers targeting homeowners headed into foreclosure to take advantage of them.
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