Phone: 630-495-2282 Fax: 630-495-2260 Map/Directions

Car buyer's 'Bill of Rights' pushed in California

November 23, 2010
A car safety advocacy group in California filed papers this month to get a car buyer's "bill of rights" initiative on the November 2004 state ballot. Among other things, the ballot initiative espoused by Consumers for Auto Reliability and Safety would mandate a three-day "cooling-off" period for used-car buyers, forbid hidden dealer markups on auto loans, create a specific definition and standards for certified used cars, and require disclosure of the cost of aftermarketitems (including fabric protection and extended service  contracts). Rosemary Shahan, president of CARS, said language on dealer markups would require dealers to disclose a consumer's credit score and the lowest interest rate for which a consumer qualifies. It also would cap the amount a dealer can charge in a markup at $150. The CARS group has until April 16 to collect 375,000 signatures, all of which must be certified before the initiative qualifies to be placed on next year's ballots.