Buying a car has never been a simple matter. It is the other expensive asset one tries to own after a home. We find that many people around the world, regardless of region, are in some way in love with their cars. Apparently, the more you love your belongings, the more it irritates you when you discover that they are not working or are out of order. The same goes for a car especially.
Until now, people have discovered ways to differentiate between defects that arise in a newly purchased vehicle, but when it comes to a used vehicle, detection becomes tricky. In the past (even today) people used to know better if the used vehicle was a “lemon” by kicking the tires, looking under the hood, and slamming a door or two. More art than science, more luck than logic. But, what you saw was pretty much what you got.
No more. With 6- and 8-cylinder engines sprouting a tangle of cables, sensors, and microchips, it takes advanced training in computer science, electronics, and mechanics to make sense of the things that lurk under the hood these days.
Clearly, it is getting harder and harder to avoid a “lemon” and to be confident in buying a car based on the hum of the engine and tires, especially when driving out of the parking lot requires a financing plan almost as complex as buying a home.
The result: used car sales generate many complaints for unscrupulous dealings and defective merchandise.
In addition to these lemon-turning problems, the other important obscure aspects associated with them are loans that are flagged without notifying the customer. Illegal in home financing, the practice costs car buyers a billion dollars a year in undisclosed fees. Additionally, unsophisticated consumers who do not have clear situational awareness are sometimes targeted, and studies have shown that minority borrowers are charged more than whites with comparable credit status.
Among all the US states, about nine (9) states offer coverage for used motor vehicles under the lemon laws. They are: (1) Arizona, (2) Connecticut, (3) Hawaii, (4) Maine, (5) Massachusetts, (6) Minnesota, (7) New Jersey, (8) New York and (9) Rhode Island. .
In most states, authorities are trying to find some means through which these detections can be made. In the state of California, the Assembly passed an Auto Buyers Bill of Rights that would prohibit all hidden finance charges, require dealers to disclose the true cost of items added to the car, and establish a standard procedure before a used car can be labeled as “certified”. .. “
As part of this legal statement, it also allows the car to be returned within three days, if it is not damaged, driven less than 750 miles, and if the buyer pays a processing fee.
This Auto Buyers Bill of Rights would serve the broadest consumer protection law in the country for used car buyers.
