In the US, all used car dealerships must follow guidelines set up by the Federal Trade Commission. Issued by them the Used Car Rule contains trade standards and regulations that all used car dealers must follow. In short, if you sell more than 5 cars in a one year period, you must oblige. The basic responsibility of used car dealerships is to position a buyer's sign that would be adjacent to the vehicle offered for sale that states 'Used car for sale'. It must have a prominent position on or inside the vehicle so the buyer could take a look and immediately notice and use it for the purpose of buying. The basic way to communicate to the buyer all necessary info, is place it on the sign called a guide. Its content describes in details vehicle's make and model, mileage, year of manufacturing, and the price asked. Dealership's contact phone and name must be provided as well, to facilitate any future contacts between the buyer and seller. Used car dealerships must also indicate important information in the buyer's guide in accordance with the national automobile dealers association used car guide such as the following: information that would tell if the vehicle goes with a warranty or not; the different services that the car dealer could offer (insurance, accessories, etc.); other promises that must be put into writing; the various mechanical and electrical systems; which parts of the used car should the buyer watch out for; a reminder for the buyer to look for an independent mechanic to handle inspection of the used car for sale, before he comes up with the final decision. Buyer should be able to check if the vehicle identification number of the car offered for sale is the same as that stated on the title. Dealership should make sure, that the ownership title is clear. The online presence is very convenient not only for the dealers, but for the prospective customers as well. The former can considerably reduce their administrative costs, by exchanging info about stocks' availability between members. Then, if a need arises, they can shift used cars between dealerships, as needed. The later, can search for their ideal used car make and model from the comfort of their home. If they're able to locate the used car they want to buy, even some 300 miles away, it can be shipped to the nearest dealership, conveniently close to their place of residence. The requirements imposed on used car dealers by the state and federal authorities are designed to protect the customer and streamline the functioning of the second hand car industry in the US. Used cars dealerships are then able to maintain a uniform standard of service, and customers feel fully protected, having legal redress whenever their rights are violated. Opinions are divided, whether the used car business is servicing its customers the best it can. Dealers complain that customers are more interested in haggling and tire kicking, than in selecting one of many reliable used vehicles that they keep in stock. Buyers begrudge the fact that they don't really know the full history of the vehicle they are offered for sale. Another gripe is the profit margin that the dealerships are able to achieve. Eventually, it all comes to the equilibrium, as dictated by the market forces. One final word: do your research before you sign the title transfer papers!
Article Source: http://www.articlecontentprovider.com/articlesubmit
In the US, all used car dealerships must follow guidelines set up by the Federal Trade Commission. Issued by them the Used Car Rule contains trade standards and regulations that all used car dealers must follow. In short, if you sell more than 5 cars in a one year period, you must oblige.
Used car dealerships declare to be dedicated to delivering you the best deal possible. Glen Crawford's site UsedCars-Latest.com provides you with the latest tips and advice when approaching used car dealers. Don't reprint this article. Instead, reprint a free unique content version of this same article.
Please Rate this Article
5 out of 5 4 out of 5 3 out of 5 2 out of 5 1 out of 5
