Lemon Laws

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Dictionary Says

Definition of 'Lemon Laws'

Regulations that attempt to protect consumers in the event that they purchase a defective vehicle. Lemon laws apply to defects that affect the use, safety or value of a vehicle. If the vehicle cannot be repaired successfully after a reasonable number of attempts, the manufacturer must repurchase or replace it.

Investopedia Says

Investopedia explains 'Lemon Laws'

Lemon laws vary by state. These laws almost always apply to new vehicle purchases, but do not always apply to used vehicle purchases or to leased vehicles. The consumer may have a limited window of time in which to report a vehicle as a lemon. For example, in Illinois, where lemon laws only apply to new and leased vehicles, the timeframe is 18 months from the date of delivery.
Search results for

'Lemon Laws'

  • How To Avoid Buying A "Lemon" Product

    http://www.investopedia.com/articles/pf/11/solutions-to-lemon-problem.asp
    ... is a significant measure taken by government when other consumer protection laws
    fail to ... purchasing, there is always a chance they are going to get a lemon. ...

  • Did You Buy A Lemon?

    http://www.investopedia.com/articles/pf/08/buy-a-lemon.asp
    ... Clearly, even under the state laws, a sticking door does not qualify the vehicle
    for lemon status, as it does not "impair the use and market value." Likewise ...

  • Car Shopping: New Or Used?

    http://www.investopedia.com/articles/pf/07/neworusedcar.asp
    ... if you have purchased a lemon, as lemon laws often apply only to vehicles under
    a certain age and with less than a certain number of miles on the odometer. ...

  • Used Car Shopping: How To Avoid A Lemon

    http://www.investopedia.com/articles/pf/08/used-car.asp
    Used Car Shopping: How To Avoid A Lemon. ... In this article, we'll go over how to shop
    for a used car and give you some tips to help you avoid buying a lemon. ...

  • Fighting Back Against Collection Lawsuits

    http://www.investopedia.com/articles/pf/09/fighting-collection-lawsuits.asp
    ... Each case is different and the laws that apply to consumers and creditors in each ...
    Was the car you bought a lemon, costing you hundreds or thousands of dollars ...

  • 6 Corporate Tax Loops Obama Wants To Close - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0311/6-Corporate-Tax-Loops-Obama-Wants-To-Close.aspx
    ... company name for your lemonade stands, under current corporate tax laws, you could ...
    credit if you used more efficient fertilizers to increase your lemon yield. ...

  • Investing In Foreclosures Not A Get-Rich-Quick Venture

    http://www.investopedia.com/articles/mortgages-real-estate/08/investing-in-foreclosures.asp
    ... purchases made. In the same situation, the buyer seeking that one special
    purchase ends up with a lemon - a total loss. The situation ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties
    ... (For more, check out Did You Buy A Lemon?). What Does the Retailer Get? ... (For a related
    reading, see Consumer Protection Laws You Need To Know.). ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/buying-later.aspx
    ... (For more, check out Did You Buy A Lemon?). What Does the Retailer Get? ... (For a related
    reading, see Consumer Protection Laws You Need To Know.). ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/manufacturer-warranty.aspx
    ... (For more, check out Did You Buy A Lemon?). What Does the Retailer Get? ... (For a related
    reading, see Consumer Protection Laws You Need To Know.). ...

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