According to the Federal Trade Commission Used Car Rule, what must dealers conspicuously display on each used car?

Prepare for the Virginia DMV Salesperson Test with well-structured quizzes, flashcards, and multiple-choice questions. Get insights and explanations for each question to ensure you're ready for the exam!

The Federal Trade Commission (FTC) Used Car Rule mandates that dealers must prominently display a Buyers Guide on each used car. This guide serves several important functions for potential buyers. Firstly, it provides essential information about the vehicle, including whether it is being sold "as is" or with a warranty, which helps buyers understand their rights and the condition of the car. The Buyers Guide also includes information about the car's major systems and the option for a limited warranty, if available.

By requiring this disclosure, the rule aims to promote transparency in the used car market and ensure that consumers are informed before making a purchase. This is crucial in helping buyers make educated decisions and to understand the implications of buying a used vehicle, which can sometimes come with hidden issues.

In contrast, while service history, inspection reports, and price lists might also contain valuable information, they are not mandated by the FTC rule to be displayed on the vehicle itself. The Buyers Guide specifically fulfills the regulatory requirement to inform buyers about the terms of sale and the vehicle's condition.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy