October 02, 2012
The FTC has issued a guideline on the purchasing of motor vehicles. This guideline became necessary to address the high number of complaints from individuals who have purchased motor vehicles in the past 3 years. The guideline provides a check-list for consumers who are purchasing a motor vehicle. These are: confirm the model year, know the quality of fuel that is to be used in the vehicle, research the vehicle, inspect the vehicle, check for availability of spare parts and understand the warranty and sale agreement.