Government Changing Used Car Rules

Advertising Disclosure: When you buy something by clicking links on our site, we may earn a small commission, but it never affects the products or services we recommend.

Image Not Available

The Plain Dealer reports…

“The [Federal Trade Commission] agency really wimped out,” said Rosemary Shahan of Consumers for Auto Reliability and Safety, or CARS. “They needed to overhaul the Buyers Guide and instead they proposed very minor changes.”

Auto dealers are required to say whether used cars are sold “as is” or with a warranty in a Buyers Guide. Some people wanted that guide to include information about wrecks and flooding, which consumers have to look up on their own.

You can view the proposed rule and comment online at the FTC website.

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.