Tax advantage:
Reduction of the value of a vehicle for tax purposes. The value is reduced by the value of any trade-in.
Tax or Taxes:
A charge or other levy imposed by the Federal or Provincial Government on the sale of a vehicle. These include provincial sales tax (PST), federal sales tax (GST), and the tire levy. PST rates vary by province from 7% to 12%. The taxable amount may be reduced by a tax advantage.
Technical Service Bulletin:
An advisory issued by a manufacturer. Dealer service departments use the advisory for recurring problems. The advisory typically includes illustrated instructions for repair. Further, it includes a list of the parts needed for the repairs. The advisory outlines warranty status and the labor charge.
Term:
The length of a lease or loan, generally expressed in months.
Terms of Use
Vehicle Sales Authority of BC - My Self-Help Terms of Use
The Vehicle Sales Authority of British Columbia ("the VSA") provides the My Self-Help guide ("the Guide") as an online tool that will be a starting point for consumers who have issues following an interaction with a VSA licensee. The…
Third Party Warranty:
A warranty from an independent insurance company. The warranty is to cover the cost of any future repairs. The warranty may be included or purchased with the vehicle. Coverage for repairs for existing problems are generally excluded.
Tire Levy (advance disposal fee):
A charge consumers must pay. This charge is for each new tire, at the time of purchase of a new or used vehicle.
Total Loss:
A status given to a vehicle that is not economical to repair.
Total Price:
The full amount payable for a vehicle.For new vehicles, the full amount includes:
The cost of accessories or optional equipment physically attached to the vehicle
Transportation charges
Pre-delivery inspection services
Non-negotiable dealer fees and options
This amount does not…
Towing Capacity:
The maximum allowable weight a vehicle can pull. Exceeding this limit may void warranties and create unsafe driving conditions.
Trade-in:
Buyer’s current vehicle. This vehicle is sold to the dealer for an agreed upon price. This sale may be part of either a new or a used vehicle purchase agreement.
Transfer Fee:
A charge paid for transferring the ownership of the vehicle to the buyer.
Transfer Form:
See APV9T.
