Assembly Bill 68
The Car Buyer’s Bill of Rights
Effective July 01, 2006
The new law includes a provision which
mandates the dealer to offer a
contract cancellation option
for the buyer of a used motor vehicle.
The maximum purchase price for
the contract cancellation option
is based on the cash price of the vehicle.
A dealer may offer the contract cancellation option
at no charge to the buyer.
If the dealer does charge for the option, the allowable fees:
¾ $ 75. cash price of $ 5,000 or less.
¾ $ 150. cash price of $ 5,000 but less than $10,000.
¾ $ 250. cash price of $ 10,000 but less than $ 30,000.
¾ 1% of purchase price cash price of $ 30,000 but not
more than $ 40,000.
For additional information
Please visit TriStar Motors LLC at: