You may have recently received a letter from the manufacturer of your car or truck offering you a trade-in of your vehicle for one of the manufacturer’s new vehicles. While this may at first glance look like a good deal, if you look closely you’ll see the manufacturer is probably only offering you the opportunity to trade up to a newer model. Under this trade in offer you would have to pay off the balance of your existing loan or lease, plus pay the mileage deduction allowed under the California law.

It is important to note, however, that this manufacturer’s trade offer is not what you would be entitled to receive if the manufacturer were to repurchase or replace your vehicle under the California lemon law. You should also be aware that under the California lemon law you are not required to accept a replacement. Rather, you can request either repurchase and reimbursement, or replacement of your vehicle. Under repurchase and reimbursement you are entitled to get back all the monies you’ve paid to date, less only those deductions allowed by California law.

If you have received a manufacturer’s trade in letter and have questions please call the Law Offices of Delsack & Associates, P.C. at 1-888-ExLEMON (1-888-395-3666) for a complete explanation.