The Motor Vehicle Sales Authority of British Columbia

Friday, 24 May 2013

The VSA's glossary of terms

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Term Definition
Warranty

There are many types of warranties (Manufacturer’s, Extended, Third Party, Limited or Parts and Labour, Implied), so it is important to know what kind of warranty you are purchasing or being provided with.

Worksheet

A rough draft of an agreement to purchase a vehicle. A worksheet gives the consumer a rough idea of the price of the vehicle, the price allowance for a trade- in, price of options, and applicable taxes and fees.

Write-Off

A vehicle that was written off as a "total loss" by an insurance company.

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