The proposed bill, General Assembly Committee Bill No. 774, aims to enhance transparency in the pricing of motor vehicles sold by licensed car dealers. Effective October 1, 2025, the bill mandates that any advertised price for a motor vehicle must include not only the federal tax and delivery costs but also any dealer conveyance fee or processing fee. Additionally, advertisements must clearly state that state or local taxes and registration fees are excluded from the advertised price, and they must specify the amount of any dealer conveyance or processing fee in bold type. The bill also introduces definitions for "dealer conveyance fee" and "processing fee," aligning them with existing statutes.

Furthermore, the bill revises the requirements for sales documentation, ensuring that both the order and invoice provided to buyers contain detailed information about the vehicle, including the selling price, any fees, and the terms of any guarantees. It prohibits dealers from adding dealer preparation charges for items reimbursed by manufacturers or not specifically ordered by the buyer. Violations of these provisions could result in fines of up to one thousand dollars, and the Commissioner of Motor Vehicles has the authority to suspend or revoke the dealer's license for non-compliance. Overall, the bill seeks to protect consumers by ensuring they have a clear understanding of the total costs associated with purchasing a vehicle.

Statutes affected:
Committee Bill: 14-62a