The Federal Trade Commission is considering a move to eliminate junk fees and bait-and-switch advertising from the car-buying process. 'It is vitally important that Americans not be deceived when purchasing a car,' a joint statement said.
The Federal Trade Commission is considering a move to eliminate junk fees and bait-and-switch advertising from the car-buying process, according to a notice of proposed rulemaking.
The proposed rule, which the agency is seeking comment on before deciding on whether it’s made final, would ban dealers from engaging in certain types of deceptive advertising, including over a car’s cost and terms of financing, just to get buyers in the door.
As for whether such provisions are necessary, the FTC said that over the past three years, it’s received more than 100,000 complaints annually regarding automobiles, adding in its announcement about the proposed rule that “tricks and traps” make it difficult for buyers to comparison shop.
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