In this episode of Drive to Success: Mastering Auto Finance, we pull back the curtain on one of the most overlooked risks in the $1.4 trillion auto loan market: lemon laws.
What happens when a brand-new car turns out to be a mechanical disaster—and the law forces a buyback? Spoiler alert: it’s not just the automaker who pays the price. Captive finance companies like Ford Credit, GM Financial, and Toyota Financial Services are being hit hard by a rising tide of vehicle buybacks, regulatory scrutiny, and vanishing collateral.
We explore:
- How lemon laws vary wildly from state to state
- Why lenders are underwriting loans with hidden risks
- The new strategies lenders are using to protect themselves—like "lemon scores" and vehicle-specific underwriting
- Real-world stories involving Tesla, VW, and luxury brands
- How EVs, software glitches, and autonomous vehicles are creating legal gray areas that could redefine “vehicle defects” forever
Whether you're a lender, auto dealer, or just curious about the hidden mechanics behind auto loans, this episode delivers a fresh take on how consumer protection laws are transforming financial strategy.
Head over to www.theultimateautofinanceguide.com now and grab your digital copy now. Trust me, it's the smartest investment you'll make before buying your next car."
"Head over to Amazon and grab your copy today! Just search for 'Drive to Success: The Ultimate Auto Finance Guide' or use the link https://a.co/d/c9wAynw in our show notes. Take control of your car-buying experience and drive away with confidence!"
Email me at: masteringautofinance@gmail.com
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.