The Magnuson-Moss Warranty Act was passed in 1975 to create a system of rules that ensures clearly written and displayed warranties that protect both your business and your customers. The competitive advantage to having easy to find and read warranties is that your customers can easily compare your offer to a competitors. We’ve put together a best practices list so you can make sure you are in compliance and taking the best care of your customers.
Head’s Up: This infographic is an oversimplification of the Magnuson-Moss Warranty Act, and it’s not intended as legal advice. Consult your legal counsel for more detailed information.
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This is one of the 21 regs we’ve packaged up into an easy to use handbook and developed a checklist to help you identify who in your dealership is responsible for each of the 21 rules and regulations.
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The information above is an excerpt from a policy provided by two of our partners, Hudson Cook LLP and Auto Advisory Services and Auto Advisory Services. We work with them and other industry experts to make sure we are providing accurate and current information, and we manage that information in an online Compliance Management System. One of the benefits of using a Compliance Management System is that it houses all the policies and guidelines you need to be aware of for your industry so you don’t have to go hunting down information; it is simply at your fingertips.