Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter482 Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases |
MANUFACTURERS, REBUILDERS, DISTRIBUTORS, DEALERS, BROKERS, SALESPERSONS AND LESSORS |
Advertising |
NAC482.175. Lease advertised.
Latest version.
- If a dealer offers a vehicle for lease, an advertisement for that vehicle must include a statement that the vehicle is being offered for lease. If a dealer includes a term of the lease in the advertisement, he or she shall include in the advertisement:
1. The total amount required before the vehicle is delivered;
2. The number, period and amount of payments;
3. If an option to buy the vehicle is included in the lease, the price of the option or the method of determining the price of the option;
4. If an option to buy the vehicle is not included in the lease, a statement indicating that fact; and
5. The amount or method of determining the amount of any charges imposed at the termination of the lease.
(Added to NAC by Dep’t of Motor Veh. & Pub. Safety, eff. 3-14-96)