Showing posts with label Used Cars. Show all posts
Showing posts with label Used Cars. Show all posts

Tuesday, January 31, 2017

ON USED CARS - NEW YORK STATE RULES



As a general rule, New York's Used Car Lemon Law provides a legal remedy for buyers or lessees of used cars that turn out to be lemons. The law requires dealers to give you a written warranty. Under this warranty, a dealer must repair, free of charge, any defects in covered parts or, at the dealer's option, reimburse you for the reasonable costs of such repairs. If the dealer is unable to repair the car after a reasonable number of attempts, you are entitled to a full refund of the purchase price. No used car covered by this law can be sold by a dealer "as is."

The consumer bill of rights can be found at this link: https://ag.ny.gov/sites/default/files/pdfs/bureaus/consumer_fraud/usedcar_lemon_bill_rights.pdf

Monday, January 30, 2017

ON USED CARS - THE FEDERAL RULES



The Used Car Rule, formally known as the Used Motor Vehicle Trade Regulation Rule, has been in effect since 1985. It requires car dealers to display a window sticker, known as a Buyers Guide, on the used cars they offer for sale. The Buyers Guide discloses whether the dealer offers a warranty and, if so, its terms and conditions, including the duration of the coverage, the percentage of total repair costs the dealer will pay, and which vehicle systems the warranty covers. In states that do not permit sales of used cars “as is,” or without warranties, dealers must display an alternative version of the Buyers Guide.

For more information, see https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/used-car-rule