§ 24-5-13.5-10 — Initial resale; conditions

Indiana § 24-5-13.5-10

• Jurisdiction: Indiana
• Art. 5: CONSUMER SALES
• Ch. 13.5: Buyback Vehicle Disclosure

Text

(a) This section applies to a buyback
vehicle only at the time of the initial resale of the buyback vehicle.
(b) A buyback vehicle may not be sold in Indiana unless the
following conditions have been met:
(1) The manufacturer provides the same express warranty the
manufacturer provided to the original purchaser, except that the
term of the warranty need only last for twelve thousand (12,000)
miles or twelve (12) months after the date of resale.
(2) The following disclosure language must be conspicuously
contained in a contract for the initial resale or lease of a buyback
vehicle to a consumer or contained in a form affixed to the
contract:
"IMPORTANT
This vehicle was previously sold as new. It was subsequently
returned to the manufacturer or authorized dealer in exchange for
a replacement vehicle or a refund because it did not conform to
the manufacturer's express warranty and the nonconformity was
not cured within a reasonable time as provided by Indiana law.".
(3) The manufacturer provides the dealer a separate document
with a written statement identifying the vehicle conditions that
formed the basis for the previous owner's or lessee's
dissatisfaction and the steps taken to deal with that dissatisfaction
in 10-point all capital type.

Legislative History

As added by P.L.65-1992, SEC.3. Amended by P.L.118-1993, SEC.3; P.L.211-2023, SEC.76.