The Federal Trade Commission (FTC) has announced final changes to the Used Car Rule (formally called the Used Motor Vehicle Trade Regulation Rule), which requires car dealers to display a window sticker, or “Buyers Guide,” on used cars offered for sale.
This is good news for used car shoppers, since the Buyers Guide will more clearly indicate what is and isn’t included with used vehicles. The redesigned stickers have new boxes to show whether a used car is covered by a third-party warranty or an unexpired factory warranty.
7 Changes to the Used Car Rule
- Changing the description of an “As Is” sale.
- Placing boxes on the face of the Buyers Guide that dealers can check to indicate whether a vehicle is covered by a third-party warranty and whether a service contract may be available.
- Providing a box that dealers can check to indicate that an unexpired manufacturer’s warranty applies.
- Adding air bags and catalytic converters to the Buyers Guide’s lists of major defects that may occur in used vehicles.
- Adding a statement that directs consumers to obtain a vehicle history report and to check for open recalls.
- Adding a statement, in Spanish, to the English-language Buyers Guide, advising Spanish-speaking consumers to ask for the Buyers Guide in Spanish if the dealer is conducting the sale in Spanish.
- Providing a Spanish translation of the statement that dealers may use to obtain a consumer’s acknowledgment of receipt of the Buyers Guide.
The amended rules allows dealers to use their remaining stock of Buyers Guides for one year after the effective date of the amended Used Motor Vehicle Trade Regulation Rule.
If you’re shopping for a used car, you can get an in-depth vehicle history and analysis with our FREE VIN Lookup Tool.