[fhrow4484]

Just like mortgage brokers are obligated to send you an official, standardized "loan estimate" when you ask about a mortgage, dealership should have something similar with cars.

Specifically: the car is only the first part, then there's extra warranties from dealership, financing, etc.

A standardized quote that gives you the price of these optional items would go a long way in making the experience smooth.

Private companies can solve the issues themselves (Carvana), but that's coming at a significant $ premium so far.

The FTC rule mentioned in the article mentions this:

> Require full upfront disclosure of costs and conditions: The proposal would require dealers to make key disclosures to consumers, including providing a true “offering price” for a vehicle that would be full price a consumer would pay, excluding only taxes and government fees. It would also require dealers to make disclosures about optional add-on fees, including their price and the fact that they are not required as a condition of purchasing or leasing the vehicle, along with disclosures to consumers with key information about financing terms.

[sidewndr46]

If we're talking about the US, why layer on even more regulation to an already unnecessary industry? Just eliminate the dealership model & allow people to order directly from the manufacturer.

[LatteLazy]

In the UK, you have 28 days to change your mind and arrange your own financing. So for informed buyers, a common tactic is to agree to whatever shitty high interest loan they're selling to keep the sticker price down, then just call the loan company and cancel and pay it off with cash from the loan/savings you actually want to use.

[kube-system]

The same can be done in the US -- just pay it off before it accrues any interest.

[MerelyMortal]

Just make sure there's no prepayment fees.