Search for:
  • Home/
  • Laws/
  • Filing a Honda Finance Class Action Lawsuit

Filing a Honda Finance Class Action Lawsuit

This article will deal with the Honda finance class action lawsuit and whether or not it is worth your time. It was recently brought to my attention that a number of class action lawsuits have been filed over defective Honda cars.

Some of these cars have been involved in accidents, some of them head-on, resulting in fatalities. The problem, of course, is that no one will be able to prove the general cause of the accident. There are two different types of class action lawsuits. One type is initiated by the plaintiffs (the individual who has been injured) and one is initiated by the defendant (the car manufacturer).

 Honda Finance Class Action Lawsuit

A Honda finance class action lawsuit against a specific car manufacturer, named Takata, is currently pending in a California court. If you decide to go forward with filing a complaint, you would be joining many other Honda car owners in what could potentially be a very costly pursuit of damages.

If the car manufacturer is found guilty of negligence, you may be able to collect damages from both the car manufacturer and the dealership where the car was sold. However, there is also the possibility that the damages recovered will not cover the original price of the car, as is often the case.

If you are considering pursuing such a case, there are a few things you need to know before you proceed.

The first thing to realize is that, like most litigation, class action lawsuits are very expensive. Even if you win your case, you will likely have to pay attorney fees, court costs, and possible compensation to the other victims of the car accident.

It is also important to realize that, in order for a car manufacturer to be found liable in such a case, it must be able to be proved that they were aware of the defect in question and did nothing about it. If they can’t be proven of negligence, then you’re not likely to be compensated.

Another thing to remember is that, in general, car manufacturers don’t have to admit or pay anything more than they are legally required to do.

If you happen to bring up this subject with them during a meeting or talk with their attorneys, they are likely to brush off your concerns, telling you that they follow all of the laws and regulations governing their manufacturing processes.

This is not necessarily true, and it certainly doesn’t help your case. You will need to prove in court that the car manufacturer, Honda, knew of the problem and did nothing to correct it, or that they did not do enough to fix the problem.

The final thing to remember when filing a Honda finance class action lawsuit is that the damages you are seeking are not likely to be the entire value of the car or even the entire life of the car.

Instead, you are seeking to receive a claim amount that will be less than what you would stand to recover had you won the car manufacturer’s insurance claim. For most cases, the claim amount is around ten percent of the car’s value.

This percentage is specified in the Honda contract, which means that you cannot ask for more than ten percent of the car’s value. For most cases, this percentage is small, so you will likely not be able to obtain anything more than that.

In short, you should not attempt to file your Honda finance case on your own.

Hire a personal injury lawyer to help you, and make sure you do everything the contract allows you to do. In the long run, this will be the best course of action.

While you may never recover the original cost of the car, your Honda case could ultimately save the company millions of dollars in potential damages, as well as providing you with a case worth pursuing in court. If you do decide to pursue it, then you may be on your way to recouping the bulk of your losses.

Leave A Comment

All fields marked with an asterisk (*) are required