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The Federal Trade Commission finalized its CARS Rule — the Combating Auto Retail Scams Rule — on Dec. 12, 2023, with talk about bringing more transparency to car buying and leasing.
When the rule finally arrives, the FTC said it should save car shoppers in the U.S. more than $3.4 billion each year, along with an estimated 72 million hours spent shopping for vehicles. The FTC ...
Additionally, the Federal Trade Commission's used vehicle rule requires dealerships to display the FTC Buyer's Guide prominently on used vehicles for sale so both sides are readily readable.
The Federal Trade Commission ( FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction over federal civil antitrust law enforcement with the Department of Justice Antitrust Division.
Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees - like a service contract for an oil change for an electric vehicle ...
Signed into law by President Gerald Ford on January 4, 1975. The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law ( 15 U.S.C. § 2301 et seq. ). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does ...
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related to: ftc used car buyers guidedrivetime.com has been visited by 100K+ users in the past month
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