Some dealers are attracting customers with “no-haggle prices,” “factory certified” or “certified pre-owned” used cars, and better warranties. Consider the dealer’s reputation when you evaluate these ads.
The Federal Trade Commission’s (FTC) Used Car Rule requires car dealerships to display a Buyers Guide in every used vehicle they offer for sale. Buyers Guides do not have to be posted on motorcycles and most recreational vehicles. Anyone who sells less than six cars a year doesn’t have to post a Buyers Guide so beware of vehicles sold in parking lots and other public spaces. You may be purchasing someone else’s problems with no legal recourse for repair.
The dealers Buyers Guide must tell you:
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whether the vehicle is being sold “as is” or with a warranty;
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what percentage of the repair costs a dealer will pay under the warranty;
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that spoken promises are difficult to enforce;
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to get all promises in writing;
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to keep the Buyers Guide for reference after the sale;
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the major mechanical and electrical systems on the car, including some of the major problems you should look out for; and
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to request to have the car inspected by an independent mechanic prior to purchase
When you buy a used car from a dealer, get the original Buyers Guide that was posted in the vehicle window. 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 from the window.