California Combating Auto Retail Scams (CARS) Act.
Vote required
Majority
Fiscal committee
No
Appropriation
No
Current location
Chaptered
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Overview
The California Combating Auto Retail Scams (CARS) Act aims to protect consumers from deceptive practices in the auto retail industry. It establishes a 3-day right to cancel purchases or leases of used vehicles, prohibits misleading representations about vehicle costs and terms, and restricts dealers from charging for unnecessary add-on products or services. The bill also modifies contract cancellation options and requires dealers to maintain detailed records of sales transactions.
Key provisions
- Establishes a 3-day right to cancel the purchase or lease of a used vehicle.
- Prohibits misleading representations about vehicle costs, financing, and add-on products/services.
- Restricts dealers from charging for unnecessary add-on products or services.
- Repeals the contract cancellation option agreement requirement.
- Requires dealers to maintain detailed records for two years.
- Defines key terms such as ‘vehicle,’ ‘used vehicle,’ and ‘total price.’
- Specifies rules for restocking fees associated with cancellations.
- Requires clear and conspicuous disclosures regarding vehicle information and financing terms.
Who is affected
- Consumers purchasing or leasing vehicles
- Automobile dealers
- Financial institutions involved in vehicle financing
- California residents
Notable changes
Bill text
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