As a consumer, you want to feel confident in the products you purchase and in the companies that you invest in. The car you drive is more than just a vehicle that you use to commute to work and to complete your daily tasks — it's a status symbol and also a reflection of your personality. So the last thing you want is that pesky letter in the mail that reveals a recall that impacts your car.
What happens to the car loan if you bought a lemon?
Most people do not pay cash for their new or new used vehicles, which means that they have a car loan that they are paying each month. One reason to buy a new or expensive used car is to ensure that the vehicle is reliable and safe. But what happens when the vehicle turns out to be a lemon? As is always the case with loans, it is best to avoid costly mistakes, but it quickly gets complicated when the loan involves a car that does not function properly and qualifies as a Lemon.
Jeep continues to have transmission problems
The Jeep brand is famous for its four-wheel drive transmissions. Nevertheless, despite decades of designing and building these drivetrains, the company now owned by Fiat Chrysler has once again recalled 2014 Jeep Cherokee with the 3.2-liter V-6 engines because of the famed crossover’s ZF nine-speed automatic transmission continues to exhibit multiple quality and safety problems. This recall involves 81,000 vehicles.
