- What is a buyer's guide for used cars?
- What is the penalty for violating the Federal Trade Commission used car rule?
- What is the Buyer's Guide sticker what must be included on the sticker?
- Can you return a used car after buying it?
- What is a FTC Buyers Guide?
- What is Buyers Guide sticker?
- What does a Buyers Guide mean?
- What if a dealer sells you a damaged car?
- What do you do when a car dealership lies to you?
- Which boxes were added to the new Buyers Guide?
- What is a major disadvantage of buying a used car from a private owner?
- What does it mean to buy a car as is?
- How long do you have to return a car after purchase?
- Can I return a used car if I don't like it?
- Can you cancel a car purchase after signing?
What is a buyer's guide for used cars?
The Buyers Guide is a written document that tells you about the used car. The Buyers Guide tells you: if the dealer is selling the car with a warranty. ... the major systems on the car and some problems you should look out for.
What is the penalty for violating the Federal Trade Commission used car rule?
What If I Don't Comply? Dealers who violate the Used Car Rule may be subject to penalties of up to $43,792 per violation in FTC enforcement actions.
What is the Buyer's Guide sticker what must be included on the sticker?
The Rule requires clear disclosure through a window sticker, called the “Buyers Guide,” of any warranty coverage and the terms and conditions of any dealer-offered warranty, including the duration of warranty coverage and the percentage of total repair costs that the dealer will pay.
Can you return a used car after buying it?
If you've purchased a new or used car and you're having second thoughts about it, in most cases, you won't be able to return the car. The dealer who sold you the car is usually not legally obligated to take the car back and issue you a refund or exchange after you've signed the sales contract.
What is a FTC Buyers Guide?
The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.
What is Buyers Guide sticker?
A FTC Used Car Buyers Guide is required to be posted as a window stickers when your dealership places a used car on the lot for sale. All dealerships that sell used cars are required by the Federal Trade Commission's Used Car Rule to place a window sticker called a Buyers Guide on EVERY used cars.
What does a Buyers Guide mean?
Posted by admin. This consumer guide for persons contemplating purchasing or applying for an insurance policy includes important policy information needed to compare insurance policies from different insurance companies.
What if a dealer sells you a damaged car?
If a dealer sold you a damaged car without providing a disclosure about the damages, you have the option of reporting the dealer to the state or filing a lawsuit.
What do you do when a car dealership lies to you?
You might be tempted to contact the salesperson to address the issue. Don't do that! If he or she lied to you once, they will likely lie again. Instead, contact a knowledgeable attorney that will assess your case for free and then, if your case is viable, represent you in your case for no out of pocket cost to you.
Which boxes were added to the new Buyers Guide?
On the back of the revised Buyers Guide, air bags and catalytic converters have been added to the list of major defects that may occur in used vehicles.
What is a major disadvantage of buying a used car from a private owner?
Another disadvantage of buying directly from a private seller is that all the paperwork regarding transfer of ownership is your responsibility. Both the buyer and the seller have to ensure all the dots are connected, from financing and sales tax to proper car registration.
What does it mean to buy a car as is?
In general, the term “as is” means that a certain car is available in the condition as it is on the lot. ... In fact, “as is” is usually used in conjunction with the term “no warranty,” just to be sure that the buyer knows he or she is buying a used car as it sits on the lot without any warranty coverage.
How long do you have to return a car after purchase?
If you decide to return the used car, you must return it to the dealer within two business days by closing time (unless the contract gives you more time).
Can I return a used car if I don't like it?
If you've bought a used car that turns out to be faulty, then you are covered by the Consumer Rights Act 2015. This means that you are entitled to a full refund if you take the car back to the dealer within 30 days of purchase if you can prove that the fault was already there when you purchased the car.
Can you cancel a car purchase after signing?
The vast majority of car dealers have no written policies that allow you to rescind the purchase agreement you've signed. This means your only recourse is to plead your case. You can say that you have discovered you don't like the car or that it will stretch your budget and put you in dire financial straits.