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What is the purpose of a buyer's guide? A buyer's guide is an online article that helps customers make a purchasing decision. It provides considerations for a specific product, including functionality, size, maintenance, price, and different features betweens models or brands.
The automotive industry includes industries associated with the production, wholesaling, retailing, and maintenance of motor vehicles.
The New York State Department of Motor Vehicles (DMV) regulates all repair shops, inspection stations, dealers, vehicle dismantlers and other related businesses in NY State. To legally operate as such a business, you must register with the DMV.
The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. 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.
The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...
Under the amended Rule, dealers must display a revised window sticker called a Buyers Guide, which contains warranty and other important information for consumers, on each used car they offer for sale. The compliance sweep was conducted between April and June 2018, in 20 cities nationwide.
The Buyers Guide. Section 455.2 of the Rule requires dealers to prepare and display a window sticker called the Buyers Guide before offering a used vehicle for sale to a consumer. The Buyers Guide must disclose whether any warranty is offered and the basic terms of any warranty.
Auto dealers are subject to extensive federal and state consumer protections. Dealers are regulated effectively by, among other agencies, the Federal Trade Commission (FTC) and the Federal Reserve Board.
Federally Mandated. The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale.
11 Things to Check Before Buying a Used CarVehicle history. Get as much information as you can from the current owner and then do your own research.Rust or paint damage.Frame issues.Under the hood.Tire condition.Mileage.Interior electronics.Upholstery.More items...?