HB 235 Summary

• Requires advertised prices for motor vehicles to include all dealer fees and costs except government-mandated fees like licensing, registration, and sales taxes.

• Removes requirement that manufacturer's suggested retail price (MSRP) advertisements must exclude manufacturer discounts and savings.

• Establishes rules for used vehicle price comparisons, requiring dealers to reference nationally recognized valuation publications and disclose the source.

• Allows dealers to deliver vehicles before financing approval only if buyer signs a separate agreement on 8.5 x 11 inch paper disclosing financing terms, with provisions that contract becomes void if terms are changed.

• Permits dealers to recover mileage costs at the greater of the federal IRS business mileage rate or $0.45 per mile if a buyer with unapproved financing made intentional misrepresentations and exceeded 100 miles of use.