What must a dealer include in the contract for the sale or lease of a vehicle to comply with the Code of Ethics Regulations?

The requirement for a dealer to include a disclosure of specific information in the contract for the sale or lease of a vehicle is fundamental to maintaining transparency and compliance with the Code of Ethics Regulations. This regulation ensures that consumers are adequately informed about significant details pertaining to the vehicle they are purchasing or leasing. This can include information about the vehicle's title status, accident history, and any other relevant factors that could impact the buyer's decision.

Providing this disclosure helps build trust between the dealer and the consumer, establishes ethical business practices, and protects the rights of the buyer. It aligns with the overarching goal of the regulations to promote fairness and honesty in the automotive sales industry.

While aspects such as vehicle financing options, customer service contact information, and warranty offers may enhance the overall experience for the consumer, they do not fulfill the specific regulatory obligation to disclose substantial information that could affect a purchase decision. Thus, the emphasis on the required disclosure of specific information is central to the ethical standards expected in vehicle sales.