Governor Brown Shakes Up the Used Car Business
Updated On: Oct 01 2012 07:35:56 PM CDT
Governor Brown signed into law two new bills designed to protect used car buyers this past Saturday. The bills aims to protect customers at buy-here-pay-here dealerships.
Used car dealers will no longer be allowed to put GPS tracking devices or ignition disabling systems into the cars to track loan delinquents.
Dealers will also be required to post a reasonable market value on the vehicle. This could be either the value according to Kelly Blue Book or the National Automobile Dealers Association.
Dealers will also be required to offer a 30-day, one-thousand mile warrenty on every cary sold. The warranty must cover everything from seat belts to transmissions to seals and gaskets.
The bill goes into effect January 1st.
Copyright 2013 by KRCRTV.com All rights reserved. This material may not be published, broadcast, rewritten or redistributed.