What is a Cash and Keep Settlement?

A cash and keep settlement in lemon law parlance is an agreement between the vehicle manufacturer and the consumer where the consumer agrees to settle certain lemon law claims against the vehicle manufacturer in exchange for cash and the consumer keeping the vehicle, hence the term “cash and keep.” 

How Much Should a Consumer Expect from a Cash and Keep Settlement?

The amount of cash provided by the vehicle manufacturer depends on various factors. One of the factors is the actual vehicle manufacturer as some vehicle manufacturers are more amenable to cash and keep settlements and larger amounts than others. The other factor is the vehicle’s non-conformities or defects. If the non-conformities or defects affect the safety of the vehicle in some manner, one would expect a larger amount than if the defects are more cosmetic. The third factor is whether a consumer’s attorney if the consumer’s hired an attorney has the negotiation skills to go to bat for the consumer. 

Should the Consumer Sign a Cash and Keep Settlement?

Whether a consumer should sign a cash and keep settlement is left to the consumer and their attorney, assuming the consumer hired an attorney; and ultimately is up to the consumer to accept or reject any offer made by the vehicle manufacturer. One of the reasons the consumer should hire a lemon law attorney in a lemon law matter is because a knowledgeable lemon law attorney would discuss with the consumer the pros and cons of a cash and keep settlement and would discuss any options the consumer may have. The other reason is that hiring a lemon law attorney should not cost the consumer anything. 

Luis Aguirre is a lemon law attorney who has successfully negotiated cash and keep settlements and vehicle repurchases, also known as buybacks and has litigated lemon law matters in court, including alleged vehicle dealership misrepresentations and alleged vehicle dealership fraud. 

Contact us Today

Luis Aguirre California Lemon Law Attorney 26060 Acero Suite 111
Mission Viejo, CA 92691 Telephone: 949.342.6199.

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The information on this posting is for general information and/or educational purposes only and should not be construed as legal advice or a guarantee on the outcome of a particular case. This publication may contain dramatization. This posting is intended for California consumers only. This posting is considered advertisement by Luis Aguirre Law, who is also responsible for its content. Viewing, reading, or receiving the information on this posting does not create an attorney-client relationship. We are not your attorneys until you sign a written contract with Luis Aguirre Law, and the contract is fully executed (signed by attorney). Although information on this posting is deemed accurate, information on this posting should not be acted or relied upon without first conducting an independent investigation and/or obtaining qualified legal counsel, or you do so at your own risk. Attorney is licensed in the state of California only. Attorney Luis Aguirre is bilingual and also speaks Spanish and will provide help in Spanish if you request it. Although attorney limits his practice to the particular field of breach of contract – lemon law, attorney is not a certified specialist in this particular field or any other field of law. See “Our Policies” tab for further details regarding our Privacy Policy, Disclaimer, and Attorney’s Fees.