The VSA's glossary of terms
A warranty provided by the manufacturer of a vehicle that is provided with a new vehicle at no additional cost to the purchaser and is for a specific length of time and/or mileage.
Information that may have a significant effect on a consumer’s decision whether or not to buy a product or service. A fact or information that would be important to a reasonable person in deciding whether to engage or not to engage in a particular transaction
Has the same meaning as a deceptive advertisement. An advertisement that has the capacity, tendency or effect of deceiving or misleading a consumer or guarantor.
Manufacturer’s Suggested Retail Price (MSRP) or sticker price – means the price of a new vehicle that: is labelled and priced by the manufacturer and not by the dealer; is the price the manufacturer recommends that the dealer sell the new vehicle for; includes a list of all of accessories and items of optional equipment physically attached to the new vehicle and the individual price of each accessory or item of optional equipment; includes transportation charges for its delivery to the dealer, and includes any pre-delivery and inspection charges.
Tip of the Week
April 08, 2013
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March 11, 2013