FTC to tackle dealership upcharges

[LaBalbe]

The FTC finalized the rule it proposed last year, cracking down on bogus fees. And NADA isn't happy about it.
The Federal Trade Commission (FTC) has finalized its new rule designed to combat nefarious automobile dealerships using shady tactics when selling cars. Called the Combating Auto Retail Scams (CARS) Rule, it will eliminate junk fees that are sometimes added to purchase agreements and present customers with a clearer up-front picture of what the final price will be. In theory, anyway.

Shady Dealership Upcharges Are Now Illegal (msn.com)

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[Ranger_Rocks]

Car dealers . . .

 

[9zero1790]

hmmm i have a short list of dealers they can start with if they build a task force to regulate lol... oddly enough all ford dealers with a service department

 

[Friday yet?]

Current efforts to rein in customer robbing bullshit:
1) Realtor commissions? Check.
2) Car dealers? Check.
3) Lawyers? We can only hope.

But, 2 out of 3 is a damn good start.

 

[DukeCanBuildit]

Rules are a great tool and give consumers some added power but if the customer isn’t aware of the rules, things might not change.

I’d love it if the CARS rule required the following:

• Invoices must include a separate section, after the Total Vehicle Purchase Price, entitled: Dealer Added Extras.
• The main point of the rule be clearly stated in that section
• It states the extras are not required as a condition of sale or financing
• Each individual item must be acknowledged by the customer
• The dealer sign an attestation that all extras have been disclosed

Dealers and Mike Stanton from NADA would all have meltdowns. ?

 

[Dr. Zaius]

Whenever the government steps in to "help" things, I am instantly reminded of...

 

[Jhbryaniv]

Current efforts to rein in customer robbing bullshit:
1) Realtor commissions? Check.
2) Car dealers? Check.
3) Lawyers? We can only hope.

But, 2 out of 3 is a damn good start.

I couldn't believe the check our realtor walked away with when we sold in Florida for essentially 3 days of work.

I mean I can, I signed the contract with him, but still.

3 days and dude netted 17k.

Edit: it also made clearer why he was so willing to pay for the photographer and other little things out of pocket...

 

[SILK]

Whenever the government steps in to "help" things, I am instantly reminded of...

And yet when the government does nothing, they are lazy and just collect checks. Maybe it won't change a thing. But it could. And it's worth a try. I'll give the benefit of the doubt for a couple years to see if anything changes. Time will tell.

 

[Clank]

The FTC finalized the rule it proposed last year, cracking down on bogus fees. And NADA isn't happy about it.
The Federal Trade Commission (FTC) has finalized its new rule designed to combat nefarious automobile dealerships using shady tactics when selling cars. Called the Combating Auto Retail Scams (CARS) Rule, it will eliminate junk fees that are sometimes added to purchase agreements and present customers with a clearer up-front picture of what the final price will be. In theory, anyway.

Shady Dealership Upcharges Are Now Illegal (msn.com)

I hope they will force them to list what the actual asking price is on the website rather than listing just the MSRP or "Please Call".

 

[5thranger]

Car dealers . . .

That looks exactly like the salesman I bought mine from, except he had a cigarette in his mouth

 

[9zero1790]

i hate the get todays price.
and all the add ons no one wants but most pay for
oh and any and all Berkshire Hathaway owned dealers. they are a separate breed of slime.

 

[Jhbryaniv]

I hope they will force them to list what the actual asking price is on the website rather than listing just the MSRP or "Please Call".

look at the window sticker - the one from the factory. the price there is the price it should be . . .

 

[LaBalbe]

Whenever the government steps in to "help" things, I am instantly reminded of...

The other side of that coin, though, could arguably be this...

 

[9zero1790]

look at the window sticker - the one from the factory. the price there is the price it should be . . .

minus 25 percent of course lol

 

[Blmpkn]

If there was ever a 3rd side of that coin..

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