NAC482.100. Definitions.

As used in NAC 482.100 to 482.250, inclusive, unless the context otherwise requires:

     1. “Advertisement” means any oral or printed statement disseminated by the seller or lessor of a vehicle for the purpose of inducing, or which is likely to induce, the purchase or lease of the vehicle, including, but not limited to, statements:

     (a) Made in a newspaper or other publication or on radio or television;

     (b) Contained in any notice, handbill, sign, catalog or letter; or

     (c) Printed on any tag or label attached to or accompanying the vehicle.

     2. “Discount” means any deduction made from the gross sales price of a vehicle by the seller.

     3. “Down payment” means an amount a seller receives in cash or trade from the purchaser of a vehicle that is used to reduce the cash price of the vehicle.

     4. “Invoice” means a written itemized statement received by a dealer from the manufacturer of a vehicle listing the price of the vehicle, the price of the optional equipment included with the vehicle, if applicable, and the additional charges imposed by the manufacturer, if applicable.

     [Dep’t of Motor Veh., Advertising Reg. part § 3, eff. 3-28-66; A and renumbered as part § 9, 7-21-74; §§ 3, 4 & part 8, eff. 7-21-74]—(NAC A 3-14-96)