The Motor Vehicle Sales Authority of British Columbia
The VSA's glossary of terms
| Term | Definition |
|---|---|
| Tax or Taxes |
A tax is a financial charge or other levy upon an individual or legal entity by the Federal or Provincial Government. The required taxes for a motor vehicle sale are the provincial sales tax (PST), federal sales tax (GST), the air conditioning tax, the battery levy and the tire levy or tire recycling fee. |
| Technical Service Bulletin |
A technical service bulletin is actually an advisory issued by a manufacturer for use by dealership service departments that addresses recurring problems and includes illustrated instructions for repair, a list of the parts needed, the warranty status and the labor charge. |
| Term |
The term is the length of a lease or loan in months |
| Third Party Warranty |
A warranty purchased from or provided by a dealer from an independent insurance company to insure against the cost of future repairs. In general, a third party warranty excludes existing problems and cannot be purchased unless the vehicle has had a mechanical inspection. |
| Tire Levy |
Consumers are responsible for paying the Advance Disposal Fee of $4.00 per new tire, when purchasing a new vehicle. In addition, 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. More Info |
| Total Loss |
If it is not economical to repair your vehicle, ICBC considers the vehicle to be a write off. In insurance terms, this is called a "total loss." |
| Total Price |
The total price is the the total obligation or amount that is payable, given, undertaken or assumed by a consumer under a consumer transaction. On a new vehicle, it includes accessories or optional equipment physically attached to the vehicle; transportation charges; pre-delivery inspection services; and any non-negotiable dealer fees and options. |
| Towing Capacity |
The maximum allowable weight a vehicle can tow. Exceeding this limit may void warranties and create unsafe driving conditions. |
| Trade-in |
The purchaser’s current vehicle, which is sold to the dealership for an agreed upon price as part of a new or used vehicle sales agreement. |
| Transfer Fee |
This fee is paid to the Autoplan agent to transfer the ownership of the vehicle to the buyer. |
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