![]() If you opt for a signature line, you must include a disclosure near it that says: "I hereby acknowledge receipt of the Buyers Guide at the closing of this sale." This language can be preprinted on the form. You may include a signature line on the Guide and you may ask the buyer to sign to acknowledge that he or she has received the Guide. You may use a rubber stamp or preprint your Guide with this information. Also fill in the name (or position) and the telephone number of the person the consumer should contact with complaints. On the back of the Guide, fill in the name and address of your dealership. Write in a dealer stock number if you wish. Vehicle InformationĪt the top of the Guide, fill in the vehicle make, model, model year, and vehicle identification number (VIN). You may remove the Guide for a test drive, but you must replace it as soon as the test drive is over. A Guide in a glove compartment, trunk or under the seat is not conspicuous because it is not in plain sight. The Guide also can be attached to a side window. You also can place it under a windshield wiper. You can hang the Guide from the rear-view mirror inside the car or on a side-view mirror outside the car. This means it must be in plain view and both sides must be visible. The Buyers Guide must be displayed prominently and conspicuously on or in a vehicle when a car is available for sale. If you conduct a used car transaction in Spanish, you must post a Spanish language Buyers Guide on the vehicle before you display or offer it for sale. to keep the Buyers Guide for reference after the sale. ![]() to ask for a Spanish Buyers Guide if the sale is conducted in Spanish and.to get a vehicle history report and to visit ftc.gov/usedcars for information on how to get a vehicle history report, how to check for safety recalls, and other topics and.to ask to have the car inspected by an independent mechanic before they buy.that oral promises are difficult to enforce.what percentage of the repair costs a dealer will pay under warranty.whether the vehicle is being sold "as is" or with a warranty.the major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for.any vehicle sold for scrap or parts if the dealer submits title documents to the appropriate state authority and obtains a salvage certification andĪ disclosure document that gives consumers important purchasing and warranty information, the Buyers Guide tells consumers:.a frontal area of less than 46 square feet.a curb weight of less than 6,000 pounds and.a gross vehicle weight rating (GVWR) of less than 8,500 pounds.Previously titled or not, any vehicle driven for purposes other than moving or test driving is considered a used vehicle, including light-duty vans, light-duty trucks, demonstrators, and program cars that meet the following specifications: The Rule does not apply at auctions that are closed to consumers. At public auctions, dealers and the auction company must comply. You also must display a Buyers Guide on used vehicles for sale on your lot through consignment, power of attorney, or other agreement. 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. This booklet defines the Rule's requirements, explains how to prepare and display the Buyers Guide, and offers a compliance checklist. The Rule applies in the District of Columbia, Puerto Rico, Guam, the U.S. These two states are exempt because they have similar regulations that require dealers to post disclosures on used vehicles. The Used Car Rule applies in all states except Maine and Wisconsin. Banks and financial institutions are exempt from the Rule, as are businesses that sell vehicles to their employees, and lessors who sell a leased vehicle to a lessee, an employee of the lessee, or a buyer found by the lessee. In fact, car dealers who sell, or offer for sale, more than five used vehicles in a 12-month period must comply with the Rule. Most car dealers who sell used vehicles must comply with the Federal Trade Commission's (FTC's) Used Car Rule. Can the Buyers Guide Serve As My Written Warranty?. ![]() ![]()
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