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Explained: The California CARS Act

Dealerships in America’s largest car market are subject to new rules affecting pricing, disclosures and recordkeeping, plus a three-day right to cancel for used car buyers. The California CARS Act sets high standards every dealership must meet to avoid the high cost of noncompliance.

“Explained: The California CARS Act” is a free guide for dealers and agents from Mosaic Compliance Services. Join attorney Scott Clay to get up to speed on:

How to calculate the “Total Price” that must appear in all ads and documents.
How to properly disclose the terms of a sale or lease and the purchase of voluntary protection products.
How to communicate the three-day right to return and calculate the restocking fee.

Sponsored by Mosaic Compliance Services. Disclaimer: This asset is provided for informational and educational purposes only. It does not constitute legal advice and should not be relied upon as such. Dealers should consult qualiﬁed legal counsel regarding their speciﬁc compliance obligations.

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