E-Buying Privilege Benefits
If, within five calendar days after the Contract Date set forth above, Customer finds an advertisement for a lower Purchase Price on an Eligible Lower Priced Vehicle (as defined below), Dealership will issue a refund to the Customer or, if there is a lienholder on the Vehicle, to the lienholder in an amount equal to the difference between the Purchase Price Customer paid for the Vehicle and the Purchase Price of the Eligible Lower Priced Vehicle up to a maximum of $200. An Eligible Lower Priced Vehicle is one which: (a) is identically equipped and identical as to the year, make, and model of the Vehicle, (b) has an odometer reading that is less than or no more than 100 miles greater than the Odometer Reading set forth above, and (c) does not have a Negative Prior History (as defined below), unless the Vehicle has the same Negative Prior History. For purposes of this agreement, Negative Prior History means the vehicle is or has been a new car unwind/rollback, unregistered demonstrator, unregistered executive vehicle, theft-recovery, or any vehicle that has sustained any damage or has been repaired. The lower Purchase Price must be determined before manufacturer rebates, allowances, or incentives, if any, passed on directly to a customer and must be established by a qualified printed advertised price, as described below.
Advertised Offer Requirements. An advertised price must be for an Eligible Lower Priced Vehicle from a licensed dealer within 100 miles of Dealership. The advertised price must be in writing and published/offered within 5 calendar days of the Contract Date. To exercise the Price Guarantee, the lower printed advertised price must be produced to Dealership along with this document within 5 calendar days of the Contract Date.
If Customer is not totally satisfied with the vehicle described above (“the Vehicle”), Customer may return the Vehicle to Dealership within five calendar days after the Contract Date set forth above, provided the odometer reading on the Vehicle is not more than 300 miles greater than the Odometer Reading set forth above. Upon return of the Vehicle, Customer will be provided with a full refund.
To exercise the return option, within the time shown above, Customer shall (a) sign and deliver to a Dealership Sales Manager the Exercise of Return Option set forth on the following page, with the Sales Manager’s written acknowledgement of receipt of the Exercise of Return option; (b) return this Agreement, the original retail installment sale contract or lease agreement and all original vehicle titling and registration documents, if any, (c) execute any documents reasonably necessary to effectuate the cancellation and refund, and as reasonably required to comply with applicable law; (d) return the Vehicle in the same condition as when it was delivered to Customer except for reasonable wear and tear and any mechanical problems that become evident after the delivery of the Vehicle that were not caused by Customer, and free of all liens and encumbrances other than any lien or encumbrance created by the retail installment sale contract or lease agreement entered into with Dealership or purchase money loan obtained by a third party, and (e) return any and all owners manuals, keys, floor mats or accessories provided with the Vehicle.
Upon Customer's exercise of the Return Option, Dealership will cancel the retail installment sale contract or lease agreement and provide Customer with a full refund not later than the second day following the day on which Customer exercises the Return Option. If Dealership received a portion of the purchase price/drive off amount by credit card, or other third-party payer on Customer's account, the law permits Dealership to refund that portion of the purchase price/drive off amount to the credit card issuer or third-party payer for credit to Customer's account.
If Customer exercises the Return Option in accordance with this Agreement, Dealership agrees to return to Customer, no later than the day following the day on which the return option was exercised, any motor vehicle used as a down payment or trade-in. Or, if Dealership has sold or transferred title to such motor vehicle, Dealership agrees to provide Customer with the fair market value of the motor vehicle left as a down payment or trade-in, or its value as stated in the retail installment sale contract or lease agreement, whichever is greater.