Thinking of buying a used car? Wondering if you have any protection from unscrupulous sellers?
We went to the Federal Trade Commission (FTC) to find out what you should know.
We know: Your Rights When Buying A Used Car
First, the Bad News …
No Right to Cancel
Used car dealers are NOT required by law to give you a 3-day right to cancel your purchase. If you think you may want to return the car, the dealer must grant you that privilege. So, before you buy a used car from a dealer, ask if there is a return policy, what it is, and get a copy of it in writing.
Now, some Good News …
Used Car Dealers Must Post a Buyers Guide
The FTC’s Used Car Rule requires that dealers post a Buyer’s Guide in every used car they offer it for sale, unless the dealer sells fewer than six cars a year.
The Buyers Guide must tell you: