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What's Included on the Buyers Guide
Vehicle Information
At the top of the Guide, fill in the vehicle make, model, model year, and vehicle identification number (VIN). Write in a dealer stock number if you wish.
Dealer Information
On the back of the Guide, fill in the name and address of your dealership and the name and telephone number of the person the consumer should contact with complaints. You may use a rubber stamp or preprint your Guide with this information.
Optional Signature Line
You may include a signature line on the Guide and you may ask the buyer to sign to acknowledge that he or she has received the Guide. If you opt for a signature line, you must include a disclosure near it that says: "I hereby acknowledge receipt of the Buyers Guide at the closing of this sale." This language can be preprinted on the form. The signature line and the required disclosure must appear in the space provided for the name of the individual to be contacted in the event of complaints after the sale.
Warranty Information
The Buyers Guide has two versions: One says "As Is-No Warranty;" the other says "Implied Warranties Only."
As Is-No Warranty. If state law allows it, and you choose not to offer a warranty— written or implied—you must use the "As Is" version and check the box next to the heading "As Is-No Warranty" on the Guide.
Implied Warranties Only. In states that limit or prohibit the elimination of implied warranties, you must use the "Implied Warranties Only" version and check the box next to the "Implied Warranties Only" heading if you don’t offer a written warranty. (See the example.)
Warranty. If you offer the vehicle with an express warranty, you must check the box next to the heading "Warranty" and complete that section of the Guide. Warranties required by state law must be disclosed in this section. Your state Attorney General can tell you about state warranty requirements.
State Law. In some states, use of the "As Is-No Warranty" Buyers Guide may be legally sufficient to eliminate implied warranties. In other states "as is" sales are allowed only if specific action is taken or certain language is used. For example, some states may require you to eliminate implied warranties by using special language and/or a document other than the Guide.
If you’re not sure which version of the Buyers Guide you should use or if you have questions about state requirements, contact the FTC or your state Attorney General.
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