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At Shainfeld Law, P.C., our California lemon law attorney in Los Angeles outline each of our client’s cases to provide customized legal representation that produces the best results for their unique needs.
For some, that could mean taking a cash and keep offer for their California lemon law claim.
According to the California Lemon Law, if your vehicle has endured a qualifying number of repair attempts, or has been in the repair shop for a total of 30 days or more, you may be eligible to pursue a legal remedy from the manufacturer.
The legal remedies available for warranty-protected vehicles during a lemon law claim include the manufacturer replacing your vehicle, repurchasing your vehicle, or offering a cash settlement for the vehicle, and allowing you to keep it.
Here is when a cash settlement may be the best approach for some clients.
When is a California Lemon Law Cash Settlement Right for Me?
Determining whether a cash and keep lemon law claim is the best option for you requires outlining your case with a skilled California lemon lawyer, so you know all your legal rights and options before you decide.
After you are aware of your options, a cash and keep settlement may be a good option by considering:
- How readily available an affordable vehicle may be if the manufacturer repurchases your lemon, considering the current market conditions, semiconductor chip shortages, and supply chain difficulties. If you cannot get a good car at a decent price that is in the ballpark of its repurchased value, a buyback may not be a fair exchange.
- Replacement vehicles could take months to get if the manufacturer can even offer the option. In some cases, there just are not enough cars to go around. This could mean your waiting time could leave you carless, until there are more vehicles readily available.
The third option is to negotiate — or have our experienced California lemon law attorneys negotiate — a cash settlement that allows you to take the offer and keep the vehicle. All attorney fees are paid directly by the manufacturer, so our clients never pay for our services out of pocket.
This is a viable option when the vehicle defect does not impact the driver or his or her passenger’s safety and is ultimately something the vehicle’s owner can live with.
The manufacturer will pay the owner a cash sum to cover the loss in value of the vehicle because of the defect. This option does not impact your warranty or title, and allows you to take the non-taxable cash settlement, then do whatever you want with the vehicle.
Contact Our Skilled California Lemon Lawyers Today for Help
We will pursue the vehicle’s manufacturer for a legal remedy that fits your needs, including a cash and keep settlement, if that is what is right for your unique case. We have a 99% success rate, and typically produce results for our California lemon law clients in as little as 30-60 days. Contact our experienced Los Angeles County lemon law attorney at Shainfeld Law, P.C., today by calling 310-295-1888 or request a free consultation online.