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FTC Used Car Buyer Guides

Article Description:
====================

Charlie Butler bought a truck one morning and jauntily began
driving it back home. He didn't even get out of town. The right
front wheel came off and bounded down a steep hill. It was still
gathering speed when it smashed through a privacy fence, then
exploded through the home's patio window and finally came to
rest in front of the television screen.


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576 Words; formatted to 65 Characters per Line
Distribution Date and Time: 2008-06-12 11:00:00

Written By:     Malcolm Uffelman
Copyright:      2008
Contact Email:  mailto:[EMAIL PROTECTED]



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FTC Used Car Buyer Guides
Copyright (c) 2008 Malcolm Uffelman
Estampe, Inc.
http://www.estampeinc.com



Charlie Butler bought a truck one morning and jauntily began
driving it back home. He didn't even get out of town. The right
front wheel came off and bounded down a steep hill. It was still
gathering speed when it smashed through a privacy fence, then
exploded through the home's patio window and finally came to
rest in front of the television screen. By the time Charlie got
there only the children were still screaming. "I'm sure the car
dealer will pay for all the damage," he said. "They should have
caught this problem before putting the truck up for sale."

As an old commercial used to say: "Sorry Charlie." That FTC
Used Car Buyers Guide that you signed before receiving the
vehicle said: AS IS. "Congress intended for the FTC Used Car
Buyers Guide to protect the consumer, but with a little clever
wording, it actually ended up protecting the dealers.

Many used car dealers only use the FTC sticker as a catch-all
exculpatory clause: "No matter what happens, it ain't our
fault!" AS IS means that even if all the wheels fall off before
you get it off the lot, it is still your problem and not the
dealer's. You should have received a copy of the guide. The back
is pre-printed with the standard buyers guide for your (the
customer) signature.

Customers naturally feel safer when they see something in writing
on that sticker besides "AS IS" even if it is only an implied
warranty. Because an AS IS sticker is so common as to be almost
universal, some of the wiser car dealers have found that they can
make more sales, and get fewer irate customers returning, by
using the FTC Used Car Buyers Guide sticker to enumerate the
warranties they can offer. The most popular IMPLIED WARRANTY FTC
Used Car Buyers Guide doesn't even mention AS IS as an option:
Salesmen have been known to proudly tap the window on their FTC
Buyers Guide Implied Warranty style sticker and proudly proclaim:
"We don't have an AS IS car on this lot. Our mechanic goes over
each car we get and any cars that don't pass his inspection get
wholesaled out to other auto dealers in this area."

That's a good sales tool, but are you really protected any
better with an implied warranty sticker? In many cases, the
answer is yes. Implied warranties will cover defects that were
not obvious or not pointed out to you prior to the sale, like a
wheel falling off.

Even if the car you want has a warranty, you do still need to
study the sticker to see which systems are covered, how long
coverage will last, and what percent of repair costs your dealer
will pay. It would also be a wise to go over a row or two and see
if those warranties are different for each vehicle.

When your dealer is willing to spell out the terms of a solid car
warranty in writing, you can literally take it to the bank for a
more reassuring loan.

One final note: "Almost new," DEMO, and LOW MILEAGE cars may be
a bargain, but they are not new. If the vehicle is still legally
new it must have a totally different set of stickers, including
the Monroney sticker and/or the Addendum sticker like you see on
new car lot vehicles. If you don't see these stickers, you can
expect a large discount in price. 




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Malcolm Uffelman offers FTC Used Car Buyers Guides through 
Estampe, Inc.  http://www.estampeinc.com/buyers-guide-ftc.html 
Estampe, Inc offers a large collection of auto dealer and auto 
service center supplies.


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