The VSA's glossary of terms
|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.
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.
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
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."
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.
The maximum allowable weight a vehicle can tow. Exceeding this limit may void warranties and create unsafe driving conditions.
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.
This fee is paid to the Autoplan agent to transfer the ownership of the vehicle to the buyer.
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