R152-20-103. Definitions

(1) "Collateral charge" includes: (a) sales tax; (b) document preparation fees; and (c) the cost of additional warranties or extended warranties, if included in the purchase price. (2) "Comparable new motor vehicle" means: (a) a new motor vehicle that is determined by the division to be identical to, or reasonably equivalent to, the nonconforming vehicle had it conformed to all applicable express warranties including any service contracts, contract options, and factory or dealer installed options that were included in the original sale of the nonconforming vehicle to the consumer; or (b) if the consumer consents to a different make or model, a vehicle with an equivalent retail value including any service contracts, and factory or dealer installed options that were originally included with the nonconforming vehicle. (3) "New motor vehicle" means a motor vehicle that has: (a) never been titled or registered; and (b) been driven fewer than 7,500 miles. (4) "Nonconforming motor vehicle" means a motor vehicle that does not meet all express warranties provided in the sales agreement or contract. (5) "Purchase price" means the actual amount paid for the vehicle.