The changes, four years in the making, are designed to give consumers more information. Many of the changes focus on “As-Is” sales, warranty disclosures and instructions for checking open recalls. Also, air bags will be listed as a major defect that could occur in used vehicles, likely the result of the massive, ongoing Takata recall.
The redesigned stickers will include new boxes that explicitly show whether a vehicle is covered by a third-party warranty or an unexpired factory warranty. For new warranties, dealers must indicate the terms and conditions such as duration of coverage, the percentage of total repair costs paid by the dealer, and which vehicle systems are covered. Frankly, I’m not 100% sure how a Chevy dealer will know the remaining warranty on a used Ford they have for sale, but I digress.
The stickers will also be revised with general instructions directing customers to government websites for information on open safety recalls and how to obtain a vehicle history report.
Used car dealers will be able to use their remaining stock of Buyers Guide stickers for one year after the amended rule goes into effect.
Here’s a quick rundown of some of the major changes:
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