Car Law A to Z: F is For FTC Used Car Rule
Have you ever noticed a large white sticker with black lettering hanging in the window of a vehicle offered for sale? Well you should. This important document is called a Buyer’s Guide. The FTC Used Car Rule (FTC stands for Federal Trade Commission) requires vehicle dealers who sell more than five vehicles in a 12-month period to (1) post the Buyer’s Guide on the vehicle and (2) provide either the original or a copy of the Guide to the seller at the time of the sale. NOTE: no Buyer’s Guide is required for motorcycles.
The Buyers Guide must be posted prominently and conspicuously on or in a vehicle when a car is available for sale. This means it must be in plain view and both sides must be visible. The Buyer’s Guide tells consumers several important things including whether the vehicle is being sold “as is” or with a warranty; what percentage of the repair costs a dealer will pay under warranty, and listing some of the major mechanical and electrical systems on the car.
The dealer must provide you with an original or copy of the Buyer’s Guide upon your purchase of the vehicle. It is a violation of federal law for a dealer to sell a used vehicle without a Buyer’s Guide affixed on the vehicle.
BE SURE to get a Buyer’s Guide when you make that used vehicle purchase. Don’t leave the dealership or point of sale without it!