2. USED CAR FEDERAL TRADE COMMISSION (F.T.C.) BUYER'S GUIDE
PROVIDES VALUABLE GUIDEANCE TO CONSUMERS
FEDERAL TRADE COMMISSION BUYERS GUIDE: All used car dealers must post the "Buyer's Guide" shown below
on EVERY used car for sale advising buyers whether it is being sold with a warranty OR "as is" with no warranty.
"AS IS - NO WARRANTY"- If this box is checked this means that you are buying that used car with NO express or implied warranty.
This means, simply put, that if your used car suffers a major breakdown on the way home from the lot you are stuck with paying for all the repairs yourself.
"WARRANTY"- If this box is checked some sort of warranty/service contract is being sold with the vehicle. The FTC
Buyer's Guide, as a practical matter, prevents the disputes that used to occur regarding whether a used car was sold with an IMPLIED warranty.
CAUTION: Don't assume that you are buying
a used car in excellent condition just because the warranty box is checked. The fact that a warranty or service contract is offered along with the
vehicle is NOT an assurance that the used car you are about to buy is in good condition. Only a good auto mechanic can tell you that.
REMAINDER OF MANUFACTURERS WARRANTY: If the used car you are buying still has a manufacturers warranty that has yet to expire you are protected under
the "Lemon Law" as if you purchased the car new and can assert your rights against the manufacturer in the event the vehicle is a "lemon".
WARRANTY PROVIDED BY USED CAR DEALER: Most used cars are sold without a warranty. As a practical matter most used car lots lack the resources
to give buyers a warranty themselves. Used car dealers normally sell service contracts handled by an independent company. However, used
car dealers will sometimes give a brief written warranty (i.e. 30 days) on a few used cars they sell. The dealer then becomes as responsible as
the manufacturer in the event you have a "lemon". You also receive, as a matter of law in California, an implied warranty of merchantability
(and possibly an implied warranty of fitness) between 30 and 90 days.