N.Y. Comp. Codes R. & Regs. tit. 15 § 78.2

Current through Register Vol. 46, No. 25, June 18, 2024

Section 78.2 - Definitions

The following words and phrases when used in this Part shall have the meanings ascribed to them in this section:

(a) New vehicle. A vehicle sold or transferred by a manufacturer, distributor or dealer, and which has not been placed in consumer use, titled, transferred to someone other than a manufacturer, distributor, or dealer, or used as a demonstrator.

(b) Demonstrator. A vehicle which has not been placed in consumer use but which has been used primarily for the purpose of demonstration by a manufacturer, distributor or dealer.

(c) Used vehicle. Any vehicle not included in the definition of a new vehicle or demonstrator.

(d) Junk vehicle. A vehicle sold for use other than on the public highways.

(e) Wholesale vehicle. A vehicle sold by a registered dealer to another registered dealer or to a person engaged in wholesale buying and selling of vehicles.

(f) The term dealer includes both a retail dealer and a wholesale dealer, unless otherwise specifically noted.

(g) The term registered dealer includes both a registered retail dealer and a registered wholesale dealer, unless otherwise specifically noted.

(h) Mobile home trailer. A transportable structure designed to be used for permanent residential occupancy and which is not ordinarily registered as a trailer nor ordinarily towed along a highway.

(i) Sale. A sale occurs when a customer and a dealer sign a binding agreement to purchase and sell a vehicle, or when a customer signs an agreement to purchase a vehicle and a dealer acts upon the agreement, or when a customer delivers to the dealer money or other valuable property as a deposit or as payment in full for a vehicle.

N.Y. Comp. Codes R. & Regs. Tit. 15 § 78.2