The Motor Vehicle Sales Authority of British Columbia
The VSA's glossary of terms
| Term | Definition |
|---|---|
| Partial Payment |
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. |
| Parts Only |
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. |
| PDI |
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. |
| Private Sale |
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 |
| Purchase Agreement |
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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