“If the salesperson or individual responsible for advertising doesn’t have the deal jacket, is there another way to ensure important disclosures are made to customers or in advertisements?”

Use stock numbers to your advantage.

The MVDA requires that disclosures be made in writing on the bill of sale. Certain disclosures, such as former daily rentals, must also be disclosed in an advertisement.

Click here to learn more about disclosure requirements.

The Best Practice

Using customized stock numbers may help staff quickly identify vehicles that require certain disclosures. Examples of customized stock numbers include:

A stock number with the abbreviation “DR” may alert staff that the vehicle is a former daily rental requiring disclosure on contracts and in advertisements. Example: DR18648

A stock number with the abbreviation “OP” may alert staff that the vehicle was formerly registered in another jurisdiction (out of province) requiring disclosure on contracts. Example: OP18648

*A customized stock number will not suffice as disclosure
on a retail or wholesale contract*

Dealers must ensure sales staff and those responsible for placing advertisements fully understand stock number codes.