Complete Guide
Your Right to an Independent Appraisal
Don't trust the dealer's inspection? Federal law (Reg M) gives you the right to a binding third-party appraisal.
Key Takeaways
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disputed charges that exceed manufacturer standards
The "Silver Bullet" of Lease Disputes
Under the Consumer Leasing Act (15 U.S.C. 1667b) and Regulation M, you have the absolute legal right to obtain an independent appraisal if you disagree with the lessor's charge for excess wear.
The Law Says: "The lessee shall have the right... to obtain... an appraisal of the value of such items... by an independent appraiser agreed to by the lessor and the lessee."
Why it works: The independent appraisal is binding on both parties. If the independent appraiser says the damage is $0, the bank *must* accept $0. They cannot ignore it.
When to Use It
- Use this right when:
- The lessor's bill is absurdly high (e.g., $1,000 for a bumper scratch).
- You have already returned the car and received a surprise bill.
- The lessor refuses to negotiate.
Cost: You typically pay for the appraisal ($100-$200), but it can save you thousands.
Frequently Asked Questions
Who counts as an "independent appraiser"?
Usually a certified auto appraiser or a reputable body shop that both you and the lessor agree on. Always get the lessor's approval of the appraiser *in writing* first.
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