La. Admin. Code tit. 46 § V-719

Current through Register Vol. 50, No. 11, November 20, 2024

Section V-719 - Dealer Price Advertising

A. The featured price of a new or used vehicle, when advertised, must be the full cash price for which the vehicle will be sold to any and all members of the buying public. The only charges that may be excluded from the advertised price are:

1. state and local taxes;

2. license;

3. title; and

4. notarial fees, convenience fees and documentary fees.

B. A qualification may not be used when advertising the price of a vehicle such as "with trade," "with acceptable trade," "with dealer-arranged financing," "rebate assigned to dealer" or "with down payment."

C. If a price advertisement of a new vehicle discloses a rebate, cash back, discount savings claim, or other incentive, the full cash price of the vehicle must be disclosed as well as the price of the vehicle after deducting the incentive. The following is an acceptable format for advertising a price with rebates and other deductions.

Mfg. Sugg. Retail Price	$9,995
less rebate	$ 500
less dealer discount	$ 500
Sale Price	$8,995

D. If a rebate is only available to a selected portion of the public and not the public as a whole, the price should be disclosed as in Subsection C first and then the nature of the limitation and the amount of the limited rebate may be disclosed. The following is an acceptable format.

Mfg. Sugg. Retail Price	$9,995
less rebate	$ 500
less dealer discount	$ 500
Sale Price	$8,995
First Time Buyer's Receive Additional $500 Off

La. Admin. Code tit. 46, § V-719

Promulgated by the Office of the Governor, Motor Vehicle Commission, LR 34:77 (January 2008), amended LR 36:1549 (July 2010).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:1253(E).