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HOT TOPICS
2017
MEMBERSHIP
DIRECTORY
46
New FTC requirements affecting the Buyers Guide window notices that must be displayed on used cars before
being offered for sale went into effect on January 27, 2017.
The FTC’s revised notices contain a statement that consumers may obtain vehicle history reports and check for
open recalls through safercar.gov.
GNYADA has long advocated for increased disclosure pertaining to preowned vehicle sales, including possible open
recalls, in lieu of new regulations for such sales.
Other updates include:
•
Dealers may indicate if the vehicle is still covered by a
manufacturer’s warranty or is a “certified”vehicle, which
positively affects their value.
•
Airbags and catalytic converters have been added to the list
of potentially defective parts, on the back of the notice.
•
Buyers Guides must now contain a sentence, written in
Spanish, directing Spanish-speaking customers to request
a Spanish-language Buyers Guide.
•
Dealers are required to provide Spanish-language Buyers
Guides for transactions conducted in Spanish.
At the time of sale, dealers should have customers sign the
Buyers Guide and provide a copy or the original Buyers Guide
to the customer. The Guide must include all final changes if any
were made during the sale. Keep a copy of the signed Guide in
your deal jacket. Failure to post Buyers Guides can lead to fines
up to $40,000 per violation.
Forms are available
GNYADA has updated Buyers Guides ready for order. Dealers may use their remaining stock of window stickers for
one year after the effective date of the amended FTC Rule (January 27, 2017).
*
The New York City Department of Consumer Affairs (DCA) has cited dealers for failing to include required information on Used Car Buyers
Guides hanging in car windows. According to the DCA, the DCA license number should be provided on the form with all the required
information.
NEW: USED CAR BUYERS GUIDES
For any questions about the Buyers Guides or to order new stock, please call the Association at 718.746.5900.