SACRAMENTO, Calif. (AP) — "Buy here, pay here" auto dealers would have to notify potential buyers of their vehicles' market value under a bill approved by the California Senate.
Sen. Lou Correa, a Democrat from Anaheim, says AB1534 is one of a series of bills this year designed to limit abuses by the industry, which deals mainly in used vehicles and offers its own financing.
The bill passed 23-9 Wednesday and returns to the Assembly.
It requires the dealers to put a label on each vehicle's window with the reasonable market value, similar to what is required of other auto dealers.
Earlier this week, lawmakers sent Gov. Jerry Brown a related bill. AB1447 would prohibit dealers from forcing buyers to pay their installments in person and require that dealers provide 30-day vehicle warranties.