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Where Can I Get Copies of the Guides?
You can get Buyers Guides from business-form companies or trade associations, or generate them yourself on a computer. However, you must use the wording, type style, type sizes, and format specified in the Rule. The Guides must be printed in 100% black ink on white paper cut to at least 11" x 7¼". You may use colored ink to fill in the blanks.
How Am I Doing?
Do you complete a Buyers Guide properly for each used vehicle offered for sale?
Do you post the Buyers Guide prominently and conspicuously on each used vehicle you offer for sale?
If you choose to include a signature line for the buyer’s signature, do you include the following required disclosure language?
I hereby acknowledge receipt of the Buyers Guide at the closing of this sale.
Do you put the following required disclosure in your sales contract?
The information you see on the window form for this vehicle is part of this contract. Information on the window form overrides any contrary provisions in the contract of sale.
Do you give the vehicle’s Buyer Guide or a copy to the purchaser at the time of sale and make sure it states the final negotiated warranty coverage accurately?
If a sale is conducted in Spanish, do you use the Spanish language Buyers Guide?
If you offer a written warranty, do you prepare a warranty document that complies with federal law? Is the warranty document available for examination by potential buyers?
What If I Don't Comply?
Dealers who violate the Used Car Rule may be subject to penalties of up to $11,000 per violation in FTC enforcement actions. Many states have laws or regulations that are similar to the Used Car Rule. Some states incorporate the Used Car Rule by reference in their state laws. As a result, state and local law enforcement officials may have the authority to ensure that dealers post Buyers Guides and to fine them or sue them if they do not comply.
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