Lemon Law Buy Back Law and Legal Definition
A Lemon Law Buyback refers to a vehicle that has been reacquired by a vehicle manufacturer, because of specified warranty defects. The vehicle must be registered in the manufacturer’s name prior to resale to a member of the public.
The disclosures required under lemon law buy back includes:
1.That the expansion of state warranty laws covering new and used cars has given important and valuable protection to consumers.
2. That, in states without this valuable warranty protection, used and irreparable motor vehicles are being resold in the marketplace without notice to the subsequent purchaser.
3. That other states have addressed this problem by requiring notices on the title of these vehicles or other notice procedures to warn consumers that the motor vehicles were repurchased by a dealer or manufacturer because the vehicle could not be repaired in a reasonable length of time or a reasonable number of repair attempts or the dealer or manufacturer was not willing to repair the vehicle.