Ensure compliance with federal and New York State regulations with our updated Buyers Guide featuring the "Implied Warranty" version. This essential form is designed to inform your customers about the implied warranties that come with their vehicle purchase, offering transparency and legal protection for both parties.
Key Features:
• Implied Warranty Version: Clearly communicates the terms of implied warranties that apply to the vehicle sale.
• 2-Part Carbon Copy: Provides a duplicate copy, ensuring both you and your customer have the necessary documentation.
• New York State Compliant: Fully updated to align with the latest New York State rules and regulations, giving you peace of mind in every transaction.
Frequently Asked Questions:
Q: What is the "Implied Warranty" version of the Buyers Guide?
A: The "Implied Warranty" version informs customers that their vehicle purchase may come with certain unwritten, legally binding warranties, as required by federal law. It outlines what the dealership is required to cover, even if it’s not explicitly mentioned in the sales contract.
Q: How does the 2-part carbon copy work?
A: The form includes two copies—one for the customer and one for the dealership. This ensures that both parties have accurate records of the warranty information provided at the time of sale.
Q: Why is it important that this form is updated for New York State?
A: New York State has specific legal requirements that must be met in vehicle transactions. This updated form ensures you are in full compliance with both federal and state laws, protecting your dealership from potential legal issues.
Q: Do I need to keep the dealership copy on file?
A: Yes, it is recommended that you retain the dealership copy for your records. This serves as documentation that the buyer was informed of their implied warranty rights, which is important for legal compliance.
Keep your dealership compliant and your customers informed by using our Buyers Guide - Federal Implied Warranty. Order your updated forms today!