Bill > HB2659

This bill amends the Virginia Code to clarify and expand regulations around buyer's orders for motor vehicle sales and leases. Specifically, the bill allows dealers to use separate buyer's order forms for sales and leases, while maintaining the requirement that a buyer's order must be completed for each vehicle transaction. The bill modifies existing requirements by removing the mandate for duplicate forms and adding language that explicitly includes leased vehicles alongside sales. The buyer's order must still include comprehensive details such as the buyer or lessee's name and address, vehicle identification information, sale price or agreed value, taxes and fees, and other transaction specifics. A significant addition is a new notice requirement for leased vehicles that mirrors the existing notice for financed vehicle purchases, providing consumers with clear information about their rights and potential cancellation scenarios. The bill also maintains existing provisions about processing fees, disclosure requirements for demonstrator vehicles with high mileage, and exemptions for certain commercial vehicles like trucks and trailers. Overall, the legislation aims to provide more flexibility for dealers while ensuring transparency for consumers in vehicle sales and lease transactions.

Transportation and Infrastructure

https://lis.virginia.gov/bill-details/20251/HB2659