After a year and a half of bureaucratic process, the Federal Trade Commission announced new rules for car sales last week. The rules are aimed to limit so-called junk fees, bait-and-switch advertising, and surprise prices in car sales.
The rules will require dealers to clearly disclose final pricing and financing terms before a buyer signs for a car.
The new rules don’t kick in until July 30, 2024.
The FTC calls its new protections the…
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