Used cars and the law
Used cars can be a great way to save money, but there are a few things you need to know before you buy. In this blog post, we’ll outline some of the key laws that apply to used car purchases, so you can be sure you’re getting a good deal.
Used Car Rule:
Under the Used Car Rule, dealers must provide certain information about a used car’s history. This includes a “Buyer’s Guide” that must be displayed on the car, which must include information on the warranty if any. The Used Car Rule now requires dealers to use one of two forms: the short form, or the long form. The long form must be used if the car is sold “as is” or with an implied warranty only. The short form must be used if the car includes a warranty.
The Lemon Law applies to new cars, but it can also apply to used cars if the dealer misrepresented the car’s condition. If your used car turns out to be a lemon, you may be entitled to a refund or replacement. If you have purchased a lemon car, truck, or SUV, we can help you. We will fight the dealership on your behalf, and we will give you the best possible chance of winning your case. To schedule a free consultation with a lemon law attorney in Charlotte, please call 704-288-8171 or contact us online. For a vehicle to qualify as a lemon under the Lemon Law, it must have a serious defect or problem that is covered by the manufacturer’s warranty.
Truth in Lending Act:
The Truth in Lending Act requires dealers to disclose the total cost of a used car loan, including interest and fees. This information must be provided in writing before you sign the contract. If you are not given a Truth in Lending disclosure, you can cancel the contract within three days for any reason. This means you can bring the car back and get your down payment and trade-in back without penalty. The dealer must give you an itemized list of all fees and charges. Read this carefully. If you don’t understand it, ask for an explanation. If the dealer won’t give you a breakdown, be suspicious. The Magnuson-Moss Warranty Act requires dealers to disclose the terms of any warranty they offer on a used car. This information must be provided in writing, and the warranty must be available for you to read before you buy the car.
Uniform Commercial Code:
The Uniform Commercial Code used cars in Georgetown sc to all contracts for the sale of goods, including used cars. Under the UCC, you have the right to cancel a contract within three days, unless the dealer can prove that you agreed to waive this right. If you decide to cancel the contract, you must give the dealer written notice of your decision and return the car within five days. The dealer is required to refund your purchase price within 10 days. If the dealer refuses to cancel the contract, you can sue the dealer in small claims court.
Used cars can be a great way to save money, but you need to be aware of the laws that apply to them. By familiarizing yourself with the Used Car Rule, the Lemon Law, the Truth in Lending Act, and the Magnuson-Moss Warranty Act, you can be sure you’re getting a good deal on your next used car.