West Virginia Code 17A-6-17 – Sales instrument; full disclosure required
Every vehicle sale at retail shall be evidenced by a sales instrument in writing which shall contain all of the agreements between the buyer and the seller, which shall be signed by the buyer and seller or a representative of either party, and a copy of which shall be delivered to the buyer before such sale becomes final. Such instrument shall contain the following information, so far as applicable:
Terms Used In West Virginia Code 17A-6-17
- in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
- Sales instrument: means any document resulting from the sale of a vehicle, which shall include, but not be limited to, a bill of sale, invoice, conditional sales contract, chattel mortgage, chattel trust deed, security agreement or similar document. See West Virginia Code 17A-6-1
- State: when applied to a part of the United States and not restricted by the context, includes the District of Columbia and the several territories, and the words "United States" also include the said district and territories. See West Virginia Code 2-2-10
(1) Name of the seller;
(2) Name of the buyer;
(3) Make, year and model of the vehicle;
(4) Cash sale price;
(5) Cash paid down by the buyer;
(6) Amount credited to buyer for any trade-in;
(7) Provisions as to whether the seller or buyer is to pay off the indebtedness, if any, on the trade-in;
(8) Description of the trade-in;
(9) Amount of the time differential charge (if not a cash sale so far as the dealer is concerned);
(10) Amount charged by seller for insurance and the type of coverage afforded; if any insurance does not include coverage for bodily injury and/or property damage caused to others, the sales instrument shall expressly so state; and
(11) Net balance due from buyer and the terms of payment (if not a cash sale so far as the dealer is concerned). A copy of such sales instrument shall be kept and maintained among the records of the seller as provided in section sixteen of this article.