MU Extension MU Extension       University of Missouri    ●    Columbia    ●    Kansas City       Rolla     ●    St. Louis

MissouriFamilies.org - Money Matters - Consumer Action

 

Quick Answers...Auto

 

What is the "Buyers Guide" that is posted on a used car?
 

The Federal Trade Commission requires all dealers who sell used cars to post a "Buyers Guide." The Guide tells you the following:
 

  • Whether the vehicle is being sold "as is" or with a warranty; 
     
  • What percentage of the repair costs a dealer will pay under the warranty; 
     
  • That spoken promises are difficult to enforce; 
     
  • To get all promises in writing; 
     
  • To keep the Buyers Guide for reference after the sale; 
     
  • The major mechanical and electrical systems on the car, including some of the major problems you should look out for; and 
     
  • To ask to have the car inspected by an independent mechanic before you buy it.

 

 

 

 

 

 

Brenda Procter, M.S., State Specialist & Instructor
Personal Financial Planning, University of Missouri-Extension

 

Last update: Friday, April 21, 2006

 

 

 

 

 

 

 

 


 
University of Missouri logo links to http://extension.missouri.edu

Site Administrator:
mofamweb@missouri.edu 
Copyright  ADA  Equal Opportunity


MissouriFamilies is produced by the College of Human Environmental Sciences,
Extension Division, University of Missouri-Columbia