Buying a Car in 2024? Junk Fees Will Be a Thing of the Past

Dec 20, 2023 · Buying a Car in 2024? Junk Fees Will Be a Thing of the Past. Josephine Nesbit . Wed, Dec 20, 2023, 12:01 PM 2 min read. ... Rachel Cruze: 10 Used Cars Under $10K That …

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Buying A Car In 2024? Junk Fees Will Be A Thing Of The Past

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Dec 20, 2023 · Buying a Car in 2024? Junk Fees Will Be a Thing of the Past. Josephine Nesbit . Wed, Dec 20, 2023, 12:01 PM 2 min read. ... Rachel Cruze: 10 Used Cars Under $10K That …

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Buying A Car In 2024? Junk Fees Will Be A Thing Of The Past

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Dec 20, 2023 · The Federal Trade Commission (FTC) is cracking down on junk fees. The new rule is expected to save consumers more than $3.4 billion, the FTC said. The FTC's rule goes …

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US FTC Finalizes Car-buying Rules To Rein In Junk Fees, Bait-and-switch

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Dec 12, 2023 · The rule, which attracted sharp criticism from the National Automobile Dealers Association (NADA), takes aim at practices the FTC says costs consumers $3.4 billion …

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FAQs about Buying a Car in 2024? Junk Fees Will Be a Thing of the Past Coupon?

Are junk fees a problem in the car buying process?

As the CARS Rule underscores, junk fees are a particular concern in the car buying process. Dealerships that charge hidden or bogus fees injure consumers and they unfairly steal sales from honest competitors who work hard to comply with the law. It is your choice whether to submit a comment. ...

Will FTC curb hidden and junk fees when buying a car?

Federal Trade Commission Chair Lina Khan prepares to testify before the House Judiciary Committee in the Rayburn House Office Building on Capitol Hill on July 13, 2023 in Washington, DC. The FTC finalized a new rule to curb hidden and junk fees when buying a car. Under the new rule, dealers have to be upfront about prices. ...

Will auto dealers be able to charge junk fees?

WASHINGTON (Reuters) - Auto dealers will be barred from luring vehicle buyers with promises they do not keep and will not be able to charge junk fees - like a service contract for an oil change for an electric vehicle - under a new rule, the U.S. Federal Trade Commission said on Tuesday. ...

Can a company charge a junk fee without consent?

It’s the law – and it’s always been the law – that companies can’t charge consumers without their consent. If you’ve spotted an across-the-board uptick in law enforcement actions challenging junk fees, it’s not a coincidence. As the CARS Rule underscores, junk fees are a particular concern in the car buying process. ...

How much do Americans pay in junk fees a year?

"Whether you're paying a hotel bill, renting an apartment, buying a concert ticket, or ordering dinner online, the FTC estimates that Americans collectively pay tens of billions of dollars a year in junk fees," FTC chair Lina Khan told reporters in an October call on that proposed rule. ...

How much money can a new car shopping rule save you?

The agency estimates that it'll save consumers $3.4 billion — and 72 million hours a year when they're car shopping. The rule also cracks down on hidden junk fees, or charges that are not made clear to the consumer upfront. ...