User:James C Shiver/sandbox

<-- EDIT BELOW THIS LINE --> ==FTC Buyers Guide== Rules for Used Car Dealers

BUYERS GUIDE



The rules require dealers to display a "Buyers Guide" in all used cars and most trucks or vans being offered for sale. (Heavy duty chassis vehicles with one-ton capacity or more are exempt)In most cases, even a vehicle that has never been sold and may be a current year model unit but has been driven for demonstration purposes also falls under the rule requiring a "Buyers Guide" be displayed. (Individuals who sell five or fewer vehicles a year do not fall under the FTC's rules and need not display a "Buyers Guide".

A "Buyers Guide" must relate this information to the consumer at minimum:

1)whether the vehicle is being sold "as is" or with a warranty 2)what percentage of the repair costs a dealer will pay under the warranty 3)that verbal or spoken promises are difficult to enforce 4)to get all promises in writing 5)to keep the Buyers Guide for reference after the sale 6)the major mechanical and electrical systems on the car, including some of the potential major problems to be aware of 7)the consumers right to ask to have the car inspected by an independent mechanic before the final purchase



When you buy a used car from a dealer, get the original Buyers Guide that was posted in the vehicle, or a copy. The Guide must reflect any negotiated changes in warranty coverage. It also becomes part of your sales contract and overrides any contrary provisions. For example, if the Buyers Guide says the car comes with a warranty and the contract says the car is sold "as is," the dealer must give you the warranty described in the Guide.

FTC is The Federal Trade Commission www.ftc.gov

The FTC is an agency of the United States Federal Government which works to prevent fraudulent, deceptive and unfair business practices in the marketplace and to provide information to help consumers spot, stop and avoid them.