US FTC finalizes car-buying rules to rein in junk fees, bait-and-switch
Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees - like a service contract for an oil change for an electric vehicle - under a new rule, the U.S. Federal Trade Commission said on Tuesday. The rule could fundamentally change how millions of Americans buy vehicles annually by requiring up-front pricing in dealers' advertising and sales discussions, and bars the sale of add-on products or services that confer no benefit to consumers. Consumer Reports said the FTC proposal would bar "shady tactics" by ca...
Source: yahoo.com