November 2, 2013

USED CAR AS-IS STICKERS


Are you aware that every used car for sale at a dealership is required to have a Federal As-Is warranty sticker since this was required since 1985. Non compliance can be subject to up to a $10,000 civil fine for each car that is displayed without a sticker.

I see many lots that don't display the federal sticker.  When asked why not, they say "Nobody ever checks on this".  Not displaying these could be terribly expensive if you get caught.

In Arizona used cars are sold with a 15 day, 500 mile implied warranty. This means that the car will run and drive in for this length of time. This doesn't require that the a/c blows cold or the power windows work.    If you are not able to drive it safely  for normal everyday use, the dealer is required to fix it, take the car back and cancel the deal or come to a solution that is acceptable to both parties.  Because of this in Arizona it is against the law for a dealer to sell a car "As-Is".  It is ok to sell a car that has mechanical problems if the problems are clearly marked on the purchase order and the buyer acknowledges that he is aware of these problems.
The following link describes the law that has been in effect for almost 30 years.

  http://www.ftc.gov/bcp/guides/usedcar-comply.shtm


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