After an extended comment period, the Federal Trade Commission has announced final amendments to its Used Car Rule. The Commission is revising the Buyers Guide by:
- Changing the description of an "As Is" sale;
- Placing boxes in the Buyers Guide that dealers can check to show whether a vehicle is covered by a third-party warranty and whether a service contract may be available;
- Providing a box dealers can check to show that an unexpired manufacturer's warranty applies;
- Adding air bags and catalytic converters to the Buyers Guide's list of major defects;
- Adding statements that direct consumers to obtain a vehicle history report, to check for open recalls, to visit ftc.gov/usedcars for information on how to obtain a vehicle history report, and to visit safercar.gov to check for open safety recalls;
- Adding a statement, in Spanish, to the English-language Buyers Guide, advising Spanish-speaking consumers to ask for the Buyers Guide in Spanish if the dealer conducts the sale in Spanish; and
- Providing a Spanish translation of the statement that dealers may use to obtain a consumer's acknowledgement of receipt of the Buyers Guide.
The amended Rule permits dealers to use their remaining stock of Buyers Guides for one year after the effective date of the amended Rule.