Contacting a knowledgeable lemon law attorney like Shainfeld is a good first step to make sure you’re on the correct legal path because Hyundai lemon law repurchase programs and requirements differ from state to state. Having said that, being aware of the fundamentals can help you save time in the beginning. Generally speaking, your Hyundai may be eligible for a lemon law buyback case if it was purchased or leased, is still covered by the manufacturer’s or dealership’s warranty, and the maker has made several unsuccessful repair attempts to fix a persistent vehicle issue. You’re in good shape to file a lemon law claim on your Hyundai if you’ve given an authorized Hyundai dealer the chance to fix any problems that either lower the value of the car or put the car’s passengers at risk of damage.
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How Does the Hyundai Buyback Program Work?
At Neale & Fhima, we craft legal plans that provide our clients the best chances to prevail in their court cases. The Lemon Law Claims Process has more details.
The first step after that is to check to see if your warranty was still in force when any of your car’s problems started; keep in mind that service agreements and extended warranties frequently do not count. After that, go over your paperwork to make sure you’ve given the automaker a “fair number of repair attempts” and to find out how many repair attempts have been made for each specific defect. If so, contact a lawyer right once to assist you in filing the claim. Call (888) 407-2955 to speak with a Hyundai Lemon Law attorney at Neale & Fhima.
If the manufacturer is unable to correct a flaw that materially affects the value of the vehicle, Hyundai is required by law to give lemon law buybacks for new vehicles.
- use
- worth or
- security of that car.
An objective test determines whether the vehicle problem has a significant impact on these things. Your testimony that you believe the flaw makes your car unsafe to drive is insufficient. Whether the problem has a “substantial impairment” can be ascertained with the assistance of a knowledgeable lemon law attorney at Neale & Fhima.
Typical flaws that compromise safety include:
- steering problems
- engine check lights
- won’t turn on
- braking issues
- A windshield wiper problem
- faulty fuel gauges
- sluggish acceleration
- AC is not working.
- Unsmooth transmission
- Speedometer malfunctions
- No lock on the door.
FAQ
In some cases, Hyundai will offer to “buy back” your automobile if it is a lemon. To ensure that Hyundai pays you the entire amount to which you are entitled, it is crucial to involve a Lemon Law attorney in the process.
Dealerships frequently offer to help you trade in your lemon car for a new one. They trick you into believing they are complying with the Lemon Law when they are really only looking to increase their profit margin. In most circumstances, you will suffer a sizable loss as a result of this. Your best course of action for pursuing compensation for your Hyundai lemon will be recommended to you by an expert lemon car attorney.
A manufacturer’s extended warranty or the original factory warranty are frequently included when buying a secondhand car.
Is there a return policy for Hyundai?
*Under the 3 Day Worry-Free Exchange program, a customer who buys or leases a new Hyundai vehicle from a participating dealer may return the Hyundai vehicle for any reason in exchange for a different new Hyundai vehicle, provided that: 1) the Hyundai vehicle is returned to the dealership where the vehicle was purchased; or 2) the customer returns the Hyundai vehicle to the participating dealer.
What is the process for the car buyback program?
Sales of new automobiles can be accelerated by used car buy-back deals that trade in an older model for a more recent model year. Owners who weren’t necessarily looking to buy a new car can choose to take advantage of a buy-back deal. With the same monthly cost or less, they will be able to upgrade to a new model of their car.
Why would a dealership request the return of a car?
Dealers frequently sell cars to customers without first approving them for a loan. It’s referred to as a “spot delivery.” Dealers include fine text on the back of the contract that allows them to demand the return of the vehicle if they are unable to secure financing in order to protect themselves.
Do auto dealers buy vehicles?
Most dealerships will still buy your car even if it has unpaid loan. If you have paid off 50% of the entire finance amount on a PCP-purchased vehicle, you can be eligible for an early termination.
Can a car that is financed be returned?
You can return the vehicle to the lender if you used a Personal Contract Purchase loan to finance it and have previously paid off at least 50% of the balance. Remember that this 50% figure consists of fees and interest as well.
How can I request Hyundai to return my deposit?
You will be informed if your reservation request has been cancelled and you will receive a refund of your Deposit to the original method of payment you supplied. Hyundai and the Dealer reserve the right to cancel a reservation request at any time, for any reason. 4
Can a Hyundai lease be extended?
We’ll think about extending your current lease if you want to retain your leased car for a little while longer or if you just want to wait for a new Hyundai to arrive. Most of the time, you can extend your lease for one or more months at the same price.
Hyundai deposits are they refundable?
You will be required to choose a Hyundai Dealer from a list of participating dealerships after completing your digital configuration and submit a $100 100% refundable deposit.
What transpires if a financed vehicle is returned?
If you give the lender your car back, they’ll probably sell it. After paying itself back for the costs of the sale and certain fees, it will add the selling earnings to the balance of your auto loan.
If I still owe money, can I sell my car back to the dealership?
- Secured refers to the fact that it has a security attached to it that serves as loan collateral. This may be another purchase, like a home, or it could be the car you made with the loan.
- Unsecured denotes the absence of any security measures.
Before selling your automobile, check with your lender if it is a security for your auto loan.
You can sell your car as usual if your auto loan is backed by something other than the vehicle. The loan must still be repaid, though.
You can sell your car as usual if your auto loan is unsecured. You won’t have to take any more measures, but you will still have the loan to repay.
Although he still owes money on his car, Michael wants to sell it. The car itself is a collateral for his auto loan. He is unable to sell it without first consulting his lender.
Joan still owes money on the car she wants to sell to her brother John. She checks to verify if the car was used as collateral for her loan. It turns out that it doesn’t, therefore she doesn’t need to take any extra procedures to sell the automobile to her brother. To the end of the loan, she must still make the regular installments. Simply put, she no longer owns the vehicle. Does John.
Can you sell a financed vehicle?
Selling another person’s property without getting their permission is prohibited. Although it may seem apparent, it’s vital to keep in mind that the bank (or the credit provider that provided the financing) is the actual owner of the title to your car.
Your car is the bank’s property until every last cent you owe under your finance agreement has been paid, and the only way the bank would permit the sale is if they had fully profited from your initial transaction, regardless of the fact that you are the one paying the license fees and maintaining it.
Is there a grace period for Hyundai?
- Reviews of Hyundai Auto Loans
- How should I make my payment?
- Is Hyundai Auto Loans a credit reporting company?
- Considerations to make before refinancing
- Typical errors made by borrowers when refinancing
- A step-by-step manual for refinancing
- Advice from experts on how to refinance
- How much does refinancing cost?
- How quickly is a refinance possible?
- Does refinancing damage credit?
- What occurs if I pay more?
- Refinancing savings anticipated?
- How much do current refinance rates cost?
- Is it possible to remortgage using the same lender?
- Which bank is the best for refinancing Hyundai Auto Loans debt?
- the benefits of not refinancing
- Can I postpone my auto payment?
- Does the grace period for Hyundai Auto Loans exist?
- How long will it take Hyundai Auto Loans to reclaim my vehicle?
How can a car that isn’t paid off be traded in?
Knowing all the numbers in the transaction is one of the extra procedures involved in trading in an automobile that you haven’t paid off.
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A loan is acceptable when trading in a vehicle. However, proceed with caution and make sure you control the transaction, not the dealer.
You’ll be in one of these two scenarios if you trade in an automobile for which you still owe money:
Your equity is in the positive. You’re in good condition if the value of your car exceeds the balance of your loan. It’s like having money that you can use to buy a new automobile when you have positive equity, which is what it is.
You are in the red financially. You have a negative equity automobile, commonly referred to as being “upside-down” or “underwater” on your car loan, if the value of your vehicle is less than what you still owe. You must pay the difference between the loan debt and the trade-in value when trading in an automobile with negative equity. Cash, another loan, or — and this is not advised — rolling what you owe into a new car loan are all options for paying it off.
We’ll demonstrate how to respond in each of these circumstances. But first, some background information.