You must decide whether you want your lemon vehicle replaced or repurchased at the arbitration hearing. If the arbitrator determines that your vehicle is a "lemon," you will be given the option of repurchase or replacement. When the arbitration hearing is completed, the arbitrator cannot change your selection of repurchase or replacement. If you decide what you want as repayment and later you have changed your opinion, you must negotiate directly with the manufacturer because no one can change the terms of the award.
Receive a replacement vehicle from the Lemon Law for New Cars Michigan. It must be new and "identical or fairly equivalent" to your original vehicle as it actually was when you purchased or leased it, including any service agreement, rustproofing, undercoating, and other factory/dealer options.
If you are given a repurchase of the vehicle, the arbitrator will calculate your refund using the following criteria:
a) If you bought the vehicle, your reimbursement will include the total price of the vehicle as stated in the sales agreement, as well as any collateral charges and incidental costs.
b) If you have a lease automobile, your reimbursement will be the sum of all lease fees paid, including inception and down payments, collateral fees, and incidental costs.
In this post, we have given you the gist of what you will receive on choosing either of the two options. If you find it difficult to come to a final decision, you can take assistance from a qualified lemon law advocate to educate you with more details about lemon law in Michigan.
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