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Motor Vehicle Sales Act 2003

Motor vehicle trading - Key provisions - Disclosure requirements

15: Particulars (including statement about buyer taking motor vehicle free of security interests) that must be contained in notice attached to used motor vehicle

You could also call this:

"Information that must be displayed when buying a used vehicle"

Illustration for Motor Vehicle Sales Act 2003

When you buy a used motor vehicle, a notice must be attached to it. This notice must contain certain information, including a statement about what happens if you buy a vehicle that has a security interest on it, which is explained in section 58 of the Personal Property Securities Act 1999. You should also be told about any other important details that are required by law, such as those prescribed by section 27 of the Fair Trading Act 1986. This information is important for you to know when buying a used motor vehicle. The notice must also include any other details that the law says must be included. These rules do not change any other laws that apply to buying a used motor vehicle, including section 58 of the Personal Property Securities Act 1999 and section 27 of the Fair Trading Act 1986.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM188555.

Topics:
Money and consumer rights > Consumer protectionTransport and travel > Driving
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14: Particulars about used motor vehicle must be displayed, or

"Information about used cars must be clearly displayed when selling"

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16: Written acknowledgment that buyer has received copy of notice must be obtained, or

"Traders must get your signature to confirm you received important information when buying a used vehicle"

Part 2Motor vehicle trading
Key provisions: Disclosure requirements

15Particulars (including statement about buyer taking motor vehicle free of security interests) that must be contained in notice attached to used motor vehicle

  1. All of the following particulars must be contained in every notice that, in accordance with section 14(1), must be attached to a used motor vehicle:

  2. a statement that sets out the effect of section 58 of the Personal Property Securities Act 1999. That section, as amended by section 145, is as follows:
    1. particulars (if any) that are contained in a consumer information standard prescribed by regulations made under section 27 of the Fair Trading Act 1986:
      1. any other prescribed particulars.

        1. Nothing in this section or section 14 derogates from any other enactment, including—

        2. section 58 of the Personal Property Securities Act 1999; or
          1. section 27 of the Fair Trading Act 1986.