The Motor Vehicle Sales Authority of British Columbia

Tuesday, 18 Jun 2013

The VSA's glossary of terms

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Estimated Residual Value

A warranty that requires the purchaser to pay an additional cost, either directly or through an agreement to purchase some specified products or services. An extended warranty may be offered as a supplement to a manufacturer’s warranty to increase the coverage or the length of the warranty period on a new vehicle, or to provide warranty coverage on a used vehicle.

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