Are the terms under the Idaho lemon law for vehicle repurchase or replacement?
If an owned vehicle is repurchased, the manufacturer must pay the entire purchase price of the vehicle, including trade-ins and installed options. This amount cannot exceed 105% of the original Manufacturer’s Suggested Retail Price (MSRP) of the vehicle. The manufacturer is also responsible for all expenses, including tax, tags, license and registration fees, towing, and car rental while the vehicle was out of commission. Excise taxes must also be refunded. This total is reduced by a reasonable offset for usage of the vehicle. The offset is determined by dividing the number of miles driven before the case went before the arbitration board by 120,000, and multiplying the result by the full purchase price. In the case of a replacement for owned vehicles, the new vehicle must be comparable to the original. No offset for usage of the original vehicle is allowed. When leased vehicles are repurchased, the lessor receives a sum including early termination charges and the remaining value of th
