FTC proposes limited changes to Used Car Rule

FTC proposes limited changes to Used Car Rule

In line with NADAs suggestion, the Federal Trade Commission has proposed only modest changes to the FTC Used Car Rule Buyers Guide. The changes will:

Add a statement informing consumers that they can seek vehicle history information at an FTC website.

Add a statement in Spanish telling Spanish-speaking customers they can ask for a copy of the Buyers Guide in Spanish. (A revised Spanish version will take effect February 11, 2013, but dealers may use up their current stock.)

Add catalytic converters and air bags to the List of Systems on the back of the Buyers Guide.

Put boxes on the back of the Buyers Guide where dealers can indicate whether the vehicle is still under the manufacturers warranty or is under a pre-owned certified warranty, either from a manufacturer or a third party.

The FTC decided not to include disclosures about vehicle history, prior use or title history, or to impose a dealer inspection requirement.