On December 12, 2023, the Federal Trade Commission (FTC) issued a final rule with a wide range of requirements and restrictions for selling and financing cars to consumers. This new rule is the Combating Auto Retail Scams Rule (the CARS Rule). What is the CARS Rule? The CARS Rule aims to clean up the auto sales and financing process by: Banning certain misleading statements in the financing process. Setting strict guidelines for how … [Read more...] about Important Update for New Jersey Auto Dealers: FTC’s New Auto Financing Rules