What Terms Is Used to Describe Compliance

Most car dealers who sell used vehicles must comply with the Federal Trade Commissions FTCs Used Car Rule. The ability for the consumer to cancel the purchase there are some exceptions to this obligation.

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Banks and financial institutions are exempt from the Rule as are businesses that sell vehicles to their employees and lessors who sell a leased.

. The written terms must then meet certain compliance requirements. The requirement to provide a clear refund policy and. If your business sells to consumers then you should ensure that you are familiar with these requirements.

In fact car dealers who sell or offer for sale more than five used vehicles in a 12-month period must comply with the Rule.

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