"California's new used-car law has taken effect. Here's how it helps buyers"
"Starting today, Californians experiencing buyer's remorse over a used car will get three days to change their minds.San Francisco Chronicle
October 1, 1026
By Jessica Roy
By Jessica Roy
Senate Bill 766 - named Combating Auto Retail Scams, or CARS - was signed into law by Gov. Gavin Newsom last year and goes into effect Thursday, Oct. 1. Proposed by Sen. Ben Allen, D-Santa Monica, it shares a name and intent with a federal rule that was adopted under President Joe Biden but later vacated by a federal judge and withdrawn by the Federal Trade Commission.
It gives consumers who buy or lease a used car for $50,000 or less the right to return it to the dealership within three days of purchase for a full refund, as long as they didn't damage it or drive it more than 400 miles....
California becomes the first state to offer such a "cooling-off" period for used cars....
California car buyers will save $234 million annually with this new law, according to economists cited in a news release from Allen's office.
'When the federal government fails to protect consumers, California is ready to step up,' Allen said in the release. 'For years, car shoppers have been mistreated and duped into purchasing unsafe vehicles or vehicles with add-ons and features they didn't know about, saddling them with unnecessary debt and risking their lives on the road. These practices will finally come to an end in California.' "
Read more: San Francisco Chronicle / Yahoo News: "California's new used-car law has taken effect. Here's how it helps buyers"







