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Educational Consumer Tips

Used Car Purchase-Buyers Guide

Author: Better Business Bureau
Published:

The Federal Trade Commissions(FTC) Used Care Rule requires dealers to post a Buyers Guide in every used car they offer for sale. This includes light-duty trucks, demonstrators, and programs cars. Demonstrators are new cars that have not been owned, leased, or used as rentals, but have been driven by dealer staff. Program cars are low-mileage, current-model-year vehicles returned from short-term vehicles returned from short-term leases or rentals. 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. A Buyers Guide must tell you: -whether the vehicle is being sold "as is" or with warranty -what percentage of the repair cost a dealer will pay under warranty -to get spoken promises are difficult to enforce -to get all promises in wiring -to keep the Buyers Guide for reference after the sale -the major mechanical and electrical system on the car -to ask if the car inspected by an independent mechanic before you buy For more info please contact the BBB at 1-800-273-1002 or 414-847-6000.