If your vehicle has problems, but doesn’t technically meet the criteria to qualify as a “lemon,” you may be entitled to cash compensation for its diminished value. In these instances, the manufacturer will often pay the consumer a “cash and keep” settlement.
However, if your vehicle does fall under lemon law protection, there are two different solutions available to you as the consumer:
You may receive a replacement vehicle that is substantially similar to the one that is a lemon. The replacement vehicle will include the same service contract (if applicable), dealer options that came with the original vehicle, and a reimbursement for incidental and consequential expenses such as towing or rental car fees. However, be aware that you may be responsible for any difference in price related to the replacement vehicle and any usage fee for the time that you drove the lemon vehicle ‘trouble-free.’
Your refund will be based on the following:
- Down payment
- Monthly payments
- Vehicle financing, taxes, registration fees, and service contracts
- Remaining loan balance
If your vehicle was leased rather than purchased, your refund will consist of the same expenses as above, except your remaining lease obligations will be paid off rather than the remaining loan balance.
The calculator below takes into account all of the above factors and gives you an estimated refund. Take one minute and find out how much you could receive in compensation!
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