New Vehicles definition

New Vehicles means shall mean all new and undamaged 2019 and 2020 model year motor vehicles, not previously titled and for which no RDR card has been previously submitted to the Manufacturer, which are owned by the Company and located on or are in transit to the Dealership Premises on the Closing Date, and each of which shall have less than 4,000 miles on the odometer. Any New Vehicle with greater than 4,000 miles shall be deemed a Used Vehicle.
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New Vehicles means, in relation to any Ultimate Borrower, any Vehicle acquired by such Ultimate Borrower after the date of this Agreement;
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New Vehicles means each of the Selling Entities’ new, untitled, unregistered and unused 2021 and subsequent model years Manufacturer vehicles including vehicles in transit.
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Examples of New Vehicles in a sentence

  • Test 3.3(t) – 1: Term of Receivable for New Vehicles Observe the Contract and, if the description of the Financed Vehicle is new, observe the "Number of Payments" from the payment schedule section of the "Federal Truth-in-Lending Disclosures" box of the Contract and confirm the total number of payments is 84 or fewer.

  • Each such notice shall specify the date and amount of such prepayment and the New Vehicle(s) (including the make, model and vehicle identification number of such New Vehicle(s)) attributable to such prepayment.

  • New Vehicles with 4,000 or more miles will be valued as a Used Vehicle (defined below).

  • The purchase price of New Vehicles with more than 600 miles but less than 4,000 miles will be reduced by $0.60 per mile.

  • The Demonstrator values will be the value for New Vehicles calculated pursuant to Section 2(b)(ii) above less $0.25 per mile in excess of 500 miles, but not to exceed $5,000.00 per Demonstrator.


More Definitions of New Vehicles

New Vehicles means (a) all new, non-registered, untitled, unreported 2023 and newer model year automobiles which are undamaged or have been repaired, but had less than $500 damage thereto, none of which is frame damage, for each such automobile which (i) are in a Dealership Company’s inventory on the Closing Date, and (ii) have less than 500 miles on the odometer and (b) all Demos; provided that, each applicable New Vehicle shall have 2 key fobs, one (1) instruction manual and the original Monroney sticker.
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New Vehicles means all Vehicles other than Seller Vehicles.
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New Vehicles. Under GMAC's current practices and policies, Vehicles of any model year that are not Auction Vehicles, that generally have been driven less than 200 miles and that are either (a) untitled or (b) titled solely for purposes of State laws requiring demonstration vehicles to be titled. New York UCC: The UCC as in effect in the State of New York.
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New Vehicles means vehicles from the 1998 or 1999 model year, unregistered, not reported as sold to the factory, driven less than 200 miles, and meeting Oregon state requirements to be sold as a new vehicle.
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New Vehicles means Volkswagen vehicles from the 2011 and 2012 model year, unregistered, not reported as sold to the factory, driven less than 1000 miles and meeting Oregon requirements to be sold as a new vehicle.
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New Vehicles shall refer to and include only those Nissan and BMW motor vehicles which: (i) are unregistered and unused, (ii) are from the 1997 or 1998 model year, (iii) have been driven for less than 500 odometer miles, and (iv) may be represented or warranted to consumers as "new" under Oregon law. "Unused Vehicles" shall mean any vehicles which are not new vehicles.
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New Vehicles means new unused motor vehicles purchased by Borrower directly from the Manufacturer or swapped from another automobile franchise dealership and accompanied by a Manufacturer’s statement of origin and which are not demonstrator or rental/service motor vehicles.
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