Prevailing Through Endurance

The true financial impact of a lemon 

On Behalf of | Dec 30, 2022 | Vehicle Defects

If your car is a lemon, the financial impact can be substantial. For one thing, you may have just purchased this vehicle and made a major investment. It may have cost tens of thousands of dollars, and you feel that you have been scammed out of that money because the product that you purchased is not anywhere close to the standards you expected. This can be very frustrating if you have spent a lot of time deciding what vehicle to buy and budgeting for it, but now you’re not seeing the benefits.

But it’s important to remember that it’s not just the cost of the car. There are other financial issues that can arise when you have a lemon, showing just how detrimental they are to your life.

How will it impact your work?

For instance, maybe you bought this car because you need transportation to get to work. Every day that it’s broken you, you either have to find an alternative means of transportation or call out at work. Either way, you are spending or losing money that you anticipated retaining.

In some situations, people purchase cars specifically so that their jobs are possible. Maybe you’re a business owner who needs to make deliveries, for instance, or a professional driver who needs to pick up passengers. In a case like that, having a lemon means that you actively cannot work and you are losing income until it gets fixed. If it’s constantly in the shop and the whole process is taking months or years, this can drastically impact your earning ability.

It’s important to keep all these things in mind when looking into your legal options.