New cars, these days, are very expensive -- and it's almost impossible to trade in a car that you still owe on without going upside down on the next loan.
Pennsylvania owners of Ford Fiesta and Ford Focus cars could receive thousands of dollars in compensation for faulty transmissions in the vehicles. On March 5, a federal judge approved a class-action settlement that orders Ford Motor Co. to repurchase some of the affected vehicles for up to $22,000.
People in Philadelphia may be very concerned about what they can do if their car is being repossessed. No one wants to go through an auto repossession, but people who are facing this situation may benefit from understanding certain key steps that they can take to protect themselves. When people buy a car, they typically take out an auto loan. Throughout the course of that loan, the lender remains the titled owner of the vehicle until it is paid off, giving the lender the right to repossess the car if the contract terms are violated. In most cases, people may be threatened with repossession after they stop making payments on the car.
When buying a used car in Pennsylvania, it can be a good idea to look at the car's title. A clean title indicates that the vehicle has not experienced any major damage. It also means that the car has not had its odometer rolled back or otherwise tampered with. Cars that have major defects will be given salvage titles, which indicates that they are not necessarily safe to drive.
A study that was performed by the Federal Trade Commission indicates that a quarter of consumers have identified errors on their credit report that could negatively affect their credit. In many cases, these errors can be fixed. Pennsylvania residents may be interested in learning the steps they need to take to fix credit report errors.
Buying a new car in Pennsylvania can be exciting. However, excitement can quickly turn into frustration when one discovers that they have purchased a lemon. Like other states, Pennsylvania has a lemon law to protect consumers when they purchase malfunctioning vehicles.
Pennsylvania car buyers are among some of many across the country who have struggled with transmission problems in Ford Focus and Fiesta cars. Some people have sold their cars or repaired them, but others continue to deal with the costly aftermath of defective vehicles. One man says that he is still making payments on a Focus after five clutch replacements that were unsuccessful. He says that he drove the car home in reverse one time due to the failed transmission and traded it in, but he still owes money on the loan that he originally took out for the vehicle.
The Pennsylvania Automobile Lemon Law provides relief for consumers when defects that impair the use, performance or safety of new vehicles arise during the first year or 12,000 miles of ownership. When problems develop in vehicles over a year old or with more than 12,000 miles on the odometer, consumers have fewer legal options. However, they can still pursue civil remedies by filing lawsuits against vehicle manufacturers or repair facilities.
Used car dealers in Pennsylvania can be fined or lose their business licenses for violating the state's consumer protection laws, and they may also face federal prosecutions when their illegal behavior is orchestrated using wire communications or conducted over state lines. This is the predicament that a former used car dealer in Wisconsin recently found himself in. The man was originally being investigated for fraud by the Brown County Sheriff's Office, but U.S. attorneys became involved when the scope of his activities became clear.
A study ranking state lemon laws showed that Pennsylvania came in at 35. This may be interesting to consumers, especially since new vehicles cost about $36,000. With this amount of money on the line, consumers want to feel confident that they are able to return a vehicle that has major issues without being put through a frustrating process.