| In the US, all used car dealerships must follow | | | | earlier, but not purchased, are considered used cars |
| guidelines set up by the Federal Trade Commission. | | | | for sale and this include light-duty vans, |
| Issued by them the Used Car Rule contains trade | | | | demonstrators, and program cars. |
| standards and regulations that all used car dealers | | | | Nowadays, used car dealers tend to group in chains |
| must follow. In short, if you sell more than 5 cars in a | | | | of dealerships. This is often dictated by the |
| one year period, you must oblige. | | | | commonality of the make they sell, or for the |
| All cars hold by the used car dealership and destined | | | | economical interests. Indeed, used car dealers can |
| for sale, should identify the fact clearly on cars' or | | | | better serve customers by exchanging relevant |
| within them. This should remove any ambiguity and | | | | information about the stocks of used vehicles they |
| make the car identification process clear for the | | | | have. Online presence makes it even easier. Members |
| intending buyer. Of course, the dealer's location | | | | of a dealership group have their used cars available |
| should also be clearly marked by a signage stating: | | | | for sale, listed on one website. There the prospective |
| 'Used Cars for Sale' or similar. | | | | customer can browse and select his/her favorite unit. |
| Relevant information about the car for sale is | | | | One advantage of dealing with a used car (network |
| displayed on a sign placed on the car, or inside on the | | | | of) dealers is the assurance that member dealers are |
| windshield. It contains the following data: year of | | | | legitimate and do have used car dealers license. Used |
| manufacturing, price, model name and its identification | | | | car dealers are obliged to come up with the |
| number. Plus, any relevant info can be added there, | | | | necessary documentation, paperwork, manufacture |
| that will help in better communication between both | | | | warranty, and other licenses. They are also expected |
| parties. Including dealership's contact details is | | | | to help any customer with related matters, like |
| obligatory. | | | | trade-ins and after-sale service information. |
| National Automobile Dealers Association clearly | | | | Opinions are divided, whether the used car business is |
| stipulates that the information provided to the | | | | servicing its customers the best it can. Dealers |
| prospective buyer should include the following: | | | | complain that customers are more interested in |
| insurance coverage if any, additional warranty cover, | | | | haggling and tire kicking, than in selecting one of |
| duration of valid registration. Also, it is in the dealer's | | | | many reliable used vehicles that they keep in stock. |
| interest to inform the buyer about the presence of | | | | Buyers begrudge the fact that they don't really know |
| any visible and hidden impediments that would have | | | | the full history of the vehicle they are offered for |
| an effect on vehicle buyer's decision. Things like: badly | | | | sale. Another gripe is the profit margin that the |
| worn out motor, noisy diff, rusty floor, etc. should be | | | | dealerships are able to achieve. Eventually, it all comes |
| brought to his/her attention. | | | | to the equilibrium, as dictated by the market forces. |
| Used car dealers must prepare the vehicle and have | | | | One final word: do your research before you sign the |
| it displayed, ready for potential buyers to inspect | | | | title transfer papers! |
| before buying it. All vehicles that had been titled | | | | |