The VSA's glossary of terms
If the taking of a deposit is part of an agreement to purchase a specific vehicle when all the terms and conditions are known, it may be a partial payment and the consumer then has a vested interest in the vehicle
|Parts and Labour Warranty||
A limited warranty usually provided by the dealership to reduce the cost of future repairs to a used vehicle if it is repaired at the dealership.
A vehicle that is Not Suitable for Transportation. If a vehicle is sold as Parts Only it cannot be driven off the dealer’s lot and must be towed.
Pre-Delivery Inspection completed on a new vehicle by a dealership following delivery from the manufacturer.
|Price Benefit or Advantage||
An inducement to purchase a vehicle which results in an actual savings for a purchaser.
The sale of a vehicle to an individual from another individual who is selling their personal property.
|Private Vehicle Inspection or PVI||
An inspection done by a Designated Inspection Facility to determine if the vehicle meets the legal requirements under the Motor Vehicle Act and its regulation for such safety concerns as brakes, lights, horn, steering etc.
|Pro-Pac or Protection Package||
Optional service offered for an extra price and aimed at making on-going maintenance of the vehicle simpler and easier by professionally applying additional exterior and interior protection.
|Provincial Safety Inspection||
An inspection done by a Designated Inspection Facility to determine if a vehicle meets legal requirements under the Motor Vehicle Act for such safety concerns as brakes, lights, horn, steering etc
A legal document prepared by a seller (dealer) to a buyer (consumer), reporting that on a specific date, at a specific locality, and for a particular sum of money and/or trade, the seller sold to the buyer a specific vehicle of which he had lawful possession. It is a written instrument which evidences the transfer of title to personal property from the seller to the buyer. A sample purchase agreement can be found here
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