Government Changing Used Car Rules

Consumer advocates didn’t get what they wanted from the proposed update, but there’s time for public comment.

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.

Sign up for our free newsletter

Like this article? Sign up for our newsletter and we'll send you a regular digest of our newest stories, full of money saving tips and advice, free! We'll also email you a PDF of Stacy Johnson's "205 Ways to Save Money" as soon as you've subscribed. It's full of great tips that'll help you save a ton of extra cash. It doesn't cost a dime, so why wait? Click here to sign up now.

Recommended For You

Money in a Minute


Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,658 more deals!