Maine Automobile Dealers Industry Information Pamphlets

State:
Multi-State
Control #:
US-7778JE
Format:
Word; 
Rich Text
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This Phamplet is a brief explanation of the Automobile Dealers industry in Word format.
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FAQ

The Maine Bureau of Motor Vehicles (BMV) handles all auto dealer license requests. You are legally allowed to sell up to 5 vehicles in a calendar year as long as those vehicles are titled in your name and used primarily for personal, family, or household use.

The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale. You must post a Buyers Guide before you display a vehicle for sale or let a customer inspect it for the purpose of buying it, even if the car is not fully prepared for delivery.

Under the amended Rule, dealers must display a revised window sticker called a Buyers Guide, which contains warranty and other important information for consumers, on each used car they offer for sale. The compliance sweep was conducted between April and June 2018, in 20 cities nationwide.

11 Things to Check Before Buying a Used CarVehicle history. Get as much information as you can from the current owner and then do your own research.Rust or paint damage.Frame issues.Under the hood.Tire condition.Mileage.Interior electronics.Upholstery.More items...?

5 can't-miss marketing ideas for car dealershipsMake sure your website is SEO-friendly. Search engine optimization (SEO) is a must for any business, big or small.Use your email database wisely.Get active on social media.Network with relevant, non-compete, local businesses.Manage your online reviews.

Auto dealers are subject to extensive federal and state consumer protections. Dealers are regulated effectively by, among other agencies, the Federal Trade Commission (FTC) and the Federal Reserve Board.

The Buyers Guide. Section 455.2 of the Rule requires dealers to prepare and display a window sticker called the Buyers Guide before offering a used vehicle for sale to a consumer. The Buyers Guide must disclose whether any warranty is offered and the basic terms of any warranty.

The Buyers Guidethe major mechanical and electrical systems on the car, as well as some of the major problems that consumers should look out for;whether the vehicle is being sold "as is" or with a warranty;what percentage of the repair costs a dealer will pay under warranty;More items...

Federally Mandated. The FTC's (Federal Trade Commission) Used Car Rule requires California Dealers to post a Buyers Guide in every used car they offer for sale.

What is the purpose of a buyer's guide? A buyer's guide is an online article that helps customers make a purchasing decision. It provides considerations for a specific product, including functionality, size, maintenance, price, and different features betweens models or brands.

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Maine Automobile Dealers Industry Information Pamphlets