Which of the following is NOT required in a contract for the sale of a new vehicle?

A valid sales contract for a new vehicle typically includes essential elements to protect both the buyer and the seller. Among these elements, the price of the vehicle, the dealer's business address, and the vehicle identification number (VIN) are all critical pieces of information necessary for the transaction.

The price of the vehicle establishes the financial terms of the sale, ensuring clarity regarding what the buyer is committing to pay. The dealer's business address is important for identification purposes and to provide a point of contact should issues arise after the sale. The VIN uniquely identifies the vehicle, giving specifics that can be crucial for registration and warranty purposes.

In contrast, a buyer’s credit rating, while important in determining financing options or loan eligibility, is not a required component of the sale contract itself. The contract's main focus is on the terms of the sale rather than the buyer's financial background. This distinction highlights the nature of a sales contract as an agreement between the parties regarding the specific vehicle and its terms, rather than the buyer’s creditworthiness.