BUYER'S GUIDE Flashcards
The Federal Trade Commission Used Car Rule which sets out the warranty provisions of a sale is
known as:
The buyers guide window sticker rule.
The Buyers Guide is placed on a vehicle:
Before it is offered for sale.
A Buyers Guide must be placed on:
Demonstrators available for sale.
Used trucks under 16,000 lbs. GVW.
Consignment vehicles.
The Buyers Guide is:
Attached to the vehicle in a conspicuous place so both sides can be seen.
What does the Federal Trade Commission Used Car Rule say about Dealers offering vehicles for sale
at public auctions?
A guide must be on the vehicle if the auction is open to the public.
Under the Federal Trade Commission Used Car Rule, a vehicle can be sold “As Is”:
And the service contract box on the Buyers Guide checked.
What is the penalty for violating the Federal Trade Commission Used Car Rule?
Up to $16,000 per violation.
“Full” and “Limited” are terms given to:
Warranties.
According to the Federal Trade Commission Used Car Rule, the following is considered an unfair and
deceptive practice?
Representing that a used automobile is sold with a warranty when it is not.
As described in the Federal Trade Commission Used Car Rule, dealers must display conspicuously on
each used car a:
Buyers guide.
According to the Federal Trade Commission Used Car Rule, the Buyer’s Guide should be displayed on:
Demonstrator or inventory vehicles.
Consignment vehicles.
A dealer must make a copy of the written warranty available for the customer to read prior to the sale.
TRUE
A dealer can sell a vehicle “As Is” or without a warranty in Virginia.
TRUE
Under the Federal Trade Commission Used Car Rule, the terms of the warranty as stated on the
Buyers Guide:
Can be changed and noted on the original Guide or on a new Guide.
When giving a warranty on a used vehicle the dealer must:
Give the customer a copy of the Buyers Guide window sticker.
Give the customer a warranty document containing certain specific phrases.
