Manufacturer’s Warranty:
A warranty provided by the manufacturer of a new vehicle. This warranty is provided at no additional cost. The warranty is for a specific length of time and/or mileage. The warranty is usually transferable to other buyers. Any transfer must be within the allowed time or mileage.
Material or Material Fact:
Important information that impacts a buyer’s decision to buy a vehicle. This includes information the seller learned about the vehicle. It also includes something an experienced seller ought to have known.
Misleading Advertisement:
Advertising that is deceptive or gives the wrong idea or impression.
MSRP (Manufacturer’s Suggested Retail Price):
The sticker price on a new vehicle. This sticker:
Is labelled and priced by the manufacturer and not by the dealer
Is the price the manufacturer recommends for the sale of the vehicle by the dealer
Includes a list of all of accessories and optional equipment and the price for each
Includes…
