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Reading a Used Car Window Sticker

// March 3rd, 2010 // Loans

Used cars on a dealership lot must have a completely different window sticker posted. The Used Car Rule, exercised by the Federal Trade Commission, requires that a Buyer’s Guide be easily visible from outside the car. In addition to basic vehicle information, the Buyer’s Guide must show: •Whether the vehicle is offered “as is” or with a warranty,  •Warranty details, if included with the vehicle,  •What percentage of the repair costs a dealer will pay under warranty. In most used-car warranties, the dealer and owner split the cost of repairs and •according to a predetermined percentage.

This guide also tells consumers that oral promises are difficult to enforce, recommends all promises be written, and highly suggests that the car be inspected by an independent mechanic before purchase. Some dealers add a second window sticker that lists accessories that were installed at the dealership.  If you don’t want a particular item that is listed– for instance, pin striping or paint sealant — don’t pay for it. If the dealer insists that it is already on the car, you can still refuse to pay.  Watch for high-profit and unnecessary rustproofing and protection packages. Also make sure that you don’t overpay on Car Finance.