Many vehicle owners who go through the process of filing a lemon law claim don’t realize that the manufacturer is entitled to deduct an amount from your refund payment called a mileage offset. The mileage offset takes into consideration the miles you drove your vehicle during time period where there were no defects with your car.
The mileage offset is calculated by multiplying the mileage of your vehicle on the day of your first repair for the defect that qualified your vehicle as a lemon by the purchase price of your vehicle, divided by 120,000 (the average life expectancy of a car in California).
In sum, your buyback is equal to restitution and damages that were a direct result of the faulty vehicle minus the calculated mileage offset.
It can be very difficult to decide which option is the best for you at the end of your lemon law claim, because both receiving a buyback or refund and receiving a replacement vehicle are great options. Understanding the amount you could receive from your manufacturer in the form of a buyback is an important factor to consider when you make your final decision. At Help With Lemons, we are skilled in assisting clients decide the best option for their specific circumstances once they win their lemon law claim. Since we have helped so many of our clients throughout their lemon law process, we have the necessary insight to understand many unique situations. If you need assistance with your lemon law claim or are looking to file a claim, please give us a call at 844-744-0146 or email us at email@example.com for a free consultation.