If you are an owner of a faulty car that is labeled as a lemon, then you will be offered aid through the lemon law act.
And when you are offered with repurchase or “buyback” remedy after winning the case, then your carmaker will buy the car from you. However, he will be allowed to subtract a small amount in the name of the mileage offset.
What is the mileage offset?
In the lemon law case, mileage offset means the total miles a car was driven before deemed a lemon. According to the usage of the vehicle, the manufacturer has the right to deduct an amount equal to the miles before providing the consumer with a final amount.
How can one reckon the mileage offset?
Lemon law has set out a particular formula to figure out the mileage offset. Let us take a look at how it works.
Mileage Offset = (Vehicle purchase value) x (Miles travelled before initial repair) ÷ (120,000 miles)
For instance, your vehicle’s price is 25,000, and you traveled 4,000 miles before you took it to the carmaker for rectification. Then,
25,000 x 4000 ÷ 120,000 = 833.3; So, under this condition, your carmaker can minus $833.3 and pay you the remaining sum as per the buyback offer.
Bottom line
So, there you go. This is how you must reckon the offset mileage under Lemon Law New Cars in Florida. But, if you still have doubts, it is better to contact a trusty lemon law lawyer who is capable of assisting you through the process.
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