Practice question

According to the Federal Trade Commission's Used Car Rule, what is required to be displayed on used cars for sale?

  1. Vehicle history report
  2. Buyers Guide
  3. Maintenance record
  4. Warranty information

Answer: B — Buyers Guide

The requirement set by the Federal Trade Commission's Used Car Rule mandates that a Buyers Guide must be displayed on used cars for sale. The Buyers Guide serves several important purposes: it provides essential information about the vehicle, such as whether it is being sold "as is" or with a warranty, and includes details on any existing warranties. Furthermore, the guide outlines important information about the dealer’s return policy and advises potential buyers to obtain a vehicle history report. This standard is designed to protect consumers by ensuring they have access to vital information before making a purchase, allowing for informed decision-making regarding the condition and value of the used vehicle. It is an integral part of promoting transparency and accountability in the used car market.

Practice more: Colorado Motor Vehicle Dealer Practice Test →