If you financed or leased your vehicle, you are entitled to get back your down payment (or lease inception fee), government fees, tradein equity, license fees and all the monthly payments you have made up to the date of settlement. You may also be entitled to towing reimbursement, as well as rental car expenses you personally paid during your warranty repair visits. The manufacturer pays off the existing loan (or lease), you turn the vehicle back in to the car dealership, and you get your Lemon Law refund check. This is known as a vehicle repurchase. In certain circumstances you may also elect to take a replacement vehicle in lieu of a repurchase. This is known as an exchange of collateral. Your loan remains the same, and you simply swap your present vehicle for a new one with the same equipment. Leased vehicles are treated in the same way.
In any Lemon Law action, the manufacturer is entitled to an offset for mileage based on the odometer reading at the first time you had your vehicle repaired for a recurring problem. There is a specific formula for calculating this offset, which you can discuss with your attorney.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified lemon lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local lemon attorney to discuss your specific legal situation.