Lemon Law Could Get You Out of That Underwater Car Loan

Lemon law compensation concept image shows hands counting a stack of ten and hundred-dollar bills

Can Lemon Law get you out of an underwater car loan? The answer is yes, if the car qualifies for a Lemon Law claim. COVID-19 Spurred Underwater Car Loans An “underwater” car loan is the same as an “underwater” mortgage: the value of the asset is far, far below the outstanding balance of the loan. […]

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Unfortunately, based on the car's age, it would not qualify for lemon law relief.
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