The Motor Vehicle Sales Authority of British Columbia

Sunday, 26 May 2013

The VSA's glossary of terms

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Advance Disposal Fee

Consumers are responsible for paying a fee of $4 per new tire, when purchasing a new vehicle. However, if new tires are placed on a used vehicle as part of the sale agreement, the purchaser is required to pay the Advance Disposal Fee of $5.00 per tire plus GST and PST. Also known as the Tire Levy. More Info

Advertisement

Means any type of solicitation that is oral, written, visual, descriptive or any other representation or conduct by a dealer/salesperson, either directly or indirectly, which urges consumers to buy their vehicles, products, or services. This includes, but is not limited to a solicitation that is: on a vehicle; at the dealership; at promotional or marketing events or an off-site sale; on radio, television, the internet or distributed by other electronic means; a telephone solicitation or telemarketing; sent via mail or e-mail; published in a newspaper or a magazine; printed on a flyer, brochure, sign, poster, showroom display or other printed material.

Aftermarket Warranty

Or aftermarket extended warranty, is a warranty provided by a third party on a used vehicle that requires the purchaser to pay an additional cost.

Air Conditioning Tax

An Air Conditioning tax of $100 may be payable when you purchase a new vehicle with air conditioning at less than Manufacturer’s Suggested Retail Price (MSRP). This tax does not apply to used vehicles.

Altered

Altered status is given to a vehicle that has been significantly modified after its manufacture. It is also used for homemade and some other constructed vehicles to indicate that they have been inspected and are structurally sound. The status is added after the vehicle passes inspection.

APR

(Annual Percentage Rate) An interest calculation that represents an effective rate of interest accruing over a one-year period. The formula for calculating APR is found in the Disclosure of the Cost of Consumer Credit Regulation, under the Business Practices and Consumer Protection Act. Chapter 2, Part 5, Division 1.

APV9T

APV9T Transfer/Tax Form is an ICBC form used to transfer a motor vehicle from one person to another. It includes a description of the vehicle, declarations, the purchase price, the names and addresses of the buyer and seller, both signatures, the date of purchase and information, such as the odometer reading, plus instructions for completing the form. This form must be completed within 10 days of a change in ownership. See Form Example

ARA

The Automotive Retailers Association is a not-for-profit organization formed in 1951 to promote the advancement of the automotive industry through education, representation and member services in order to maintain a high standard of professionalism among service providers, while protecting the safety and satisfaction of the motoring public in British Columbia.

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