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Step 1 • Odometer Reading
Estimated odometer reading at the time of the hearing. To be verified and calculated by the arbitrator on the date of the hearing. Vehicles in use over 36 months, or 60,000 kilometers, are ineligible for a buy-back.
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Step 2 • Calculation of the Vehicle Purchase Price
a) The price paid by you for the vehicle as shown on the retail sales contract. This amount is usually located as the first amount shown on the top right side of your sales contract.
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$ |
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b) Plus, all amounts paid or allowed for accessories or options installed on your vehicle at the time of purchase and included on your bill of sale that were:
- Installed by the manufacturer, or;
- Installed by an authorized dealer and manufacturer approved; if those options or accessories were not included in (a).
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(+) $ |
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c) Plus, all amounts if not included in (a) for:
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| 1) Freight |
$ |
| 2) Pre-Delivery Inspection (PDI) |
$ |
| 3) Acquisition fees |
$ |
| 4) Tire levy/disposal fee |
$ |
| 5) Regulatory fees |
$ |
| 6) Administration and documentation fees |
$ |
| 7) Federal excise/air conditioner tax |
$ |
| 8) Government mandated environmental fees |
$ |
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(+) $ |
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d) Plus, if proven, the before tax amount you paid for a Manufacturer Supported Extended Service Contract for your vehicle.
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(+) $ |
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e) Less, all amounts paid or allowed for accessories or options installed on your vehicle at the time of purchase and included on your bill of sale that were not:
- Installed by the manufacturer, or;
- Installed by an authorized dealer and manufacturer approved.
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(-) $
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| f) Less, if proven, any negative equity amount. |
(-) $ |
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g) Less, if proven, any manufacturer or dealer rebates, discounts or incentives that do not clearly appear on the retail sales contract or bill of sale.
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(-) $ |
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h) Less any manufacturer or dealer rebates, discounts or incentives that appear on the retail sales contract or bill of sale but have not been removed from the price paid by you for the vehicle as in (a).
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(-) $ |
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i) Less Reduction for Use: This amount may or may not be waived or reduced by the arbitrator depending on the length of time your vehicle has been in service or the number of; kilometers on your vehicle at the time of the hearing.
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(-) $ |
j) Insert the rate as indicated on your sales contract to calculate GST or HST, as applicable. |
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Canadian Motor Vehicle Arbitration Plan - Call us at 1-800-207-0685