Chicago Business Litigation Lawyer Blog
Buying a used car is always a risky business. You can never really know what the car went through in the hands of previous owners. In order to put customers’ minds at ease, car dealerships started offering “certified pre-owned” vehicles. The “certified” label is supposed to ward off consumers’ suspicion by providing a guarantee that the vehicle had to pass an inspection before going up for sale again. In exchange for this peace of mind, certified pre-owned vehicles are usually sold for a much higher price than a standard used car. But what exactly does this inspection consist of?
It turns out there are currently no legal requirements for selling a certified pre-owned vehicle. Instead, each manufacturer and car dealer has its own requirements, which can range from a 32-point inspection to a 300-point inspection. Continue reading ›