Used Cars: Complete Guide Part 418

If you have questions about the Used Car Rule, contact the FTC and request a free copy of the Rule or staff compliance guidelines for the Used Car Rule; both documents explain some aspects of the Rule in more detail. If you have questions about the Used Car Rule, contact the FTC and request a free copy of the Rule or staff compliance guidelines for the Used Car Rule; both documents explain some aspects of the Rule in more detail. The Used Car Rule requires auto dealers to display on used... If you have questions about the Used Car Rule, contact the FTC and request a free copy of the Rule or staff compliance guidelines for the Used Car Rule; both documents explain some aspects of the Rule in more detail. If you have questions about the Used Car Rule, contact the FTC and request a free copy of the Rule or staff compliance guide-lines for the Used Car Rule; both docu-ments explain some aspects of the Rule in more detail. ACTION:Final Staff compliance guidelines. SUMMARY:The staff of the Federal Trade Commission publishes its staff compliance guidelines for the Used Car Rule to provide assistance to industry members. The views expressed in the guidelines are those of the staff only. A usedvehicle is any car, light-duty van or light-duty truck that has been driven more than the distance necessary for test driving or moving the vehicle prior to delivery to a consume...See full list on autosafety.orgA. General Information Section 455.2 of the Rule requires dealers to prepare and display a window sticker called the “Buyers Guide” before offering a used vehicle for sale to a consumer. The Buyers Guide must disclose whether any warranty is offered and the basic terms of any warranty. If the dealer does not provide an express warranty, then the Bu...See full list on autosafety.orgA. The Used Car Rule’s Requirements Pursuant to § 455.3(b) of the Rule, information on the Buyers Guide will override any contrary provisions that there may be in the sales contract. As discussed in...See full list on autosafety.orgThe Used Car Rule includes a specific provision that sets out the standards for granting statewide exemptions from the Rule. Illustration 2.1: You are opening your first dealership, and on your first day of business, you offer to sell five used vehicles to consumers.