Car Buyers' Protection Act fails to go forward

June 3, 2009 5:29:20 PM PDT
Tuesday was the last chance the state Senate had this year to move forward with the so-called "Car Buyers' Protection Act," but the bill fell three votes short and it died in a senate committee.

MOST POPULAR: Video, stories and more
SIGN-UP: Get breaking news sent to you from ABC7

The bill would have required auto dealers to pay off loans on trade-in vehicles within four days of a transaction to clear the title. Supporters said many dealers have been going out of business before paying off loans on trade-in cars, leaving consumers holding the bag.

Car dealers had opposed the bill saying current laws already protect car buyers.

On a brighter note for car buyers, the new owners of Chrysler said today they will honor so-called "lemon laws" even after the Chrysler reorganization.

Chrysler, Dodge and Jeep cars will still be covered under state lemon laws after Fiat takes over. Lemon laws give car buyers the right to be compensated for defects that can't be repaired.

       Today's latest headlines | ABC7 News on your phone
Follow us on Twitter | Fan us on Facebook | Get our free widget


Load Comments