The Federal Trade Commission’s (FTC) Used Car Buyers Guide, formally known as the Used Motor Vehicle Trade Regulation Rules, was enacted in 1985 as a way to protect consumers against used car fraud. It requires dealers to display stickers in the window of all used vehicles for sale, giving information about Continue reading
Tag Archives: salvage vehicles
New Salvage Title Law Protects The Auto Consumer
California is working to keep potentially hazardous salvaged vehicles off the road with the implementation of the states first salvage title law. The new law, scheduled to go into effect starting July 1, 2012, requires all new and used car dealers to report and check vehicle titles through the National Motor Vehicle Title Information System (NMVTIS). The data base will be be maintained by the U.S. Department of Justice, and all insurance agencies, salvage yards, car dealerships, tow companies, body shops, and state motor vehicle departments will be required to report any salvage, junk, or flood title vehicles. Automobile dealerships, or anyone selling more than five used cars a year, must acquire the vehicle history report through the NMVTIS, and any salvaged or repaired salvaged vehicles will be branded. Private sales are not required to have the NMVTIS report, so buyers should be extra cautious when buying privately. Information on vehicles can be obtained through the NMVTIS, AutoCheck®, or CarFax. Currently, almost 90% of the U.S. DMV data is represented in the NMVTIS system.