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THE GOOD FIGHT: Paul John, executive director of the Georgia Independent Automobile Dealers Association, discusses how the association fought against state legislation that would have raised the taxes on used-car purchases.

NYC Debuts Used Car Buyers Bill of Rights

NYC Debuts Used Car Buyers Bill of Rights Featured

The New York City Department of Consumer Affairs announced a new Used Car Buyers’ Bill of Rights.
The “Bill of Rights” informs New Yorkers of rights they have under the city’s Consumer Protection Law and also provides tips for what to watch for when purchasing a used car.
The department made the announcement at a press conference with federal, state, and city consumer protection agencies, including the U.S. Postal Inspection Service, the Better Business Bureau serving Metropolitan New York, and the Federal Trade Commission.
The Bill of Rights advises consumers that they have a right to buy a car at the advertised price, the right to know all the details of a financing agreement before signing any paperwork, the right to arrange financing with an appropriate entity other than the dealership, and that the city’s laws protect New Yorkers from discrimination when they are seeking access to credit. Additionally, it advises consumers that used-car dealers in New York City must be licensed by DCA, post the total selling price for each used car where the car is being offered for sale, post a refund policy where the sales take place, and certify that a car is safe to drive at the time of sale, among complying with other requirements.
DCA has received more than 650 complaints from New Yorkers in recent years about problematic practices, ranging from deceptive advertising, to high-pressured sales tactics, to faulty vehicles, and more.

Last modified on Wednesday, 08 March 2017 23:53
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Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money

Buy-Here, Pay-Here Operators Plead Guilty To Laundering Money

The owners of a buy-here, pay-here operation in Louisiana recently pleaded guilty to laundering money for drug dealers.William Paul Boyter, Michael Paul Boyter and Anthony Reuben Riley, all of Shreveport,...

Auto Finance Tops $1 Trillion

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The total balance of open automotive loans climbed 11.1 percent in the first qua...

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