California Car Buyers Bill of Rights Moves to Governor's Desk

California’s state Assembly on Wednesday approved the long debated “Car Buyer’s Bill of Rights,” a measure supported by the California Motor Car Dealers Association (CMCDA), which aims to improve the used-car buying experience for consumers in the Golden state, reports The Los Angeles Daily News.

The bill, AB68, authored by Assemblywoman Cindy Montanez (D-San Fernando), passed the Assembly 55-9, moving it to the Governor’s desk for approval or veto -- California Governor Schwarzenegger has yet to take a position on the measure. Under the bill, used-vehicle buyers in the California are given a two-day cooling-off period in which they could return a vehicle for any reason.

The bill also establishes uniform standards for dealers to employ when declaring a vehicle "certified" used, and would restrict markups on loan rates. Marcella Rojas, a spokeswoman for CMCDA called the bill “a win-win situation for consumers and dealers." She said, "The Legislature is serious about improving the car-buying experience and we want to see this bill signed by the governor and become first in the nation reform."