Safety Inspection:
A vehicle checkup done by a dealer or mechanic. This checkup provides an opinion about whether a vehicle meets minimum legal requirements. Not all safety inspections meet the same standards or test the same things as the Private Vehicle Inspection (PVI). A vehicle that passes a safety inspection…
Sales Agreement:
See Purchase Agreement.
Salesperson Advertisement:
An advertisement placed by a salesperson regardless of who pays. The dealer number must appear in the advertisement.
Salvage:
Status given to a vehicle that has been written off as a "total loss" by an insurance company. This status is for a vehicle that is unsafe to drive but is repairable and can be driven after re-inspection. Once repaired, the vehicle must pass a structural inspection. The vehicle must also pass a…
Security Deposit:
Payment of money when a vehicle is delivered. This payment is to cover payments on a lease that may be missed or damages to the vehicle. The deposit is refunded at the end of the lease if there are no missed payments or damages. The deposit may be applied to a lease buy-out.
Serial Number:
A method of identifying a specific vehicle. This number is usually the Vehicle Identification Number (VIN). For some vehicles like recreational vehicles, this may be an extra unique number.
Stock Number:
A dealer’s method of identifying an individual vehicle in its inventory.
Structural Integrity Assessment (SIA):
The second of two tests required for rebuild or rebuilt status. The first test is the Private Vehicle Inspection (PVI). The SIA tests the overall build of the vehicle. The build includes the frame and alignment. The build also includes other structural safety components such as doors and welds. The…
Structural Integrity Assessment Report:
A document recording the results of a Structural Integrity Assessment (SIA).
