Term: ____ (months) ____ (miles), whichever comes first.

Percent of retail repair costs to be paid by You: _____%

Deductible to be paid by You $ ______”

Trans 139.05(2)(fm) (fm) If a motor vehicle dealer proposes to use any language in the purchase contract that differs from that shown in par. (f), the dealer shall submit the proposed language to the department. The department shall respond to the dealer within 30 days of receiving the proposed language as to whether the dealer may use the proposed language. The dealer may not modify the proposed language prior to receiving approval from the department to use the proposed language.

Trans 139.05(2)(g) (g) State the price due on acceptance of delivery of the vehicle and contain an itemized calculation of the price. The itemized calculation of the price shall state the manufacturer’s suggested retail price, if the vehicle is a new vehicle, or the price stated on the Wisconsin Buyer’s Guide, if the vehicle is a used vehicle, and all additional charges, mark-ups, mark downs, discounts or other adjustments made to arrive at the price due upon acceptance of delivery, including where applicable, but not limited to, delivery charges, sales tax, license and title fees, down-payment, owned trade-in allowance, positive or negative leased trade-in allowance and estimated or actual pay-off amount, or estimated or actual lease buy-out amount as permitted under sub. (8g) for any loan secured by a trade-in vehicle. Rebates shall be referenced separately by dollar amount and assignment. The itemized calculation of the vehicle’s price shall be made on the face of the purchase contract, except that the components of the total manufacturer’s suggested retail price may be provided by reference to the vehicle’s window label or in an attachment to the purchase contract. The use of an attachment does not alter dealer’s responsibility to comply with s. Trans 139.04 (2) (a). The purchaser is not required to sign the dealer’s attachment to the purchase contract.

Trans 139.05(2)(h) (h) Specify all disclosures required in s. Trans 139.04 (1) (b), (2) (a), and (5) (b).

Trans 139.05(2)(i) (i) Immediately above the contract signature block, make specific reference to any penalty which may be assessed to the purchaser for non-acceptance of the vehicle. The penalty may not exceed 5% of the cash price as provided by s. 218.0141, Stats.

Trans 139.05(2)(j) (j) Clearly state financing contingencies in the manner provided in s. Trans 139.055. If the purchaser is unable to obtain acceptable financing, the purchaser may cancel or rescind the contract and shall, within one business day, receive a full refund of any down-payment, and return of trade-in vehicle, or title for trade-in vehicle, or both, and no penalty shall be assessed. If the trade-in vehicle is not available, the purchaser shall receive the trade-in allowance.

Trans 139.05(2)(jm) (jm) Include any disclosure required under sub. (6m).

Trans 139.05(2)(jr) (jr) If the purchase offer is for a vehicle for which the motor vehicle dealer has already executed a purchase contract, the purchase offer shall clearly state that that purchase offer is contingent on the prior executed purchase contract not being completed. Such a contingent purchase offer shall also provide that the purchaser may rescind the offer at any time prior to being notified by the dealer that the prior executed purchase contract was not completed and that the contingency has been removed from the purchaser’s contingent purchase offer. If the purchase contract is rescinded or the prior executed purchase contract completed, any downpayment or trade-in shall be returned within one business day.

Trans 139.05(2)(k) (k) Specify all other separately negotiated conditions of sale not stated elsewhere on the contract.

Trans 139.05(3) (3) Return of deposit monies or trade-in title. Any down payment, deposit, or title shall be returned to the prospective retail purchaser within 2 working hours from the time the offer to purchase was made if the offer to purchase is not accepted by the dealer licensee. If the prospective purchaser is not present or available during the 2 hour period, those items shall be returned in person or mailed during the following business day.

Trans 139.05(4) (4) Motor vehicle price protection. A motor vehicle manufacturer, importer or distributor which accepts dealer orders placed on behalf of private retail purchasers shall furnish dealer licensees with price lists upon which retail motor vehicle purchase contracts may be executed. Price lists shall set forth the base prices of the various models along with the prices of all optional equipment, accessories and destination or transportation charges. The prices set forth in the price lists shall remain in effect until receipt by the dealer licensees of written official price change notification which shall contain the specific dollar amounts of increases or revised prices applicable to the various models, optional equipment, accessories and destination or transportation charges.

Trans 139.05(4)(a) (a) Price increases imposed by these motor vehicle manufacturers, importers or distributors, are prohibited on those vehicles for which dealers had orders written with private retail purchasers prior to the dealer’s receipt of the written official price change notification.

Trans 139.05(4)(b) (b) A motor vehicle purchase contract signed by a private retail purchaser and accepted by a dealer licensee shall constitute evidence of an existing order written with a private retail purchaser.

Trans 139.05(4)(c) (c) Price increases in instances cited in sub. (5) (b) and (c) 1. shall not be subject to the provisions of this subsection.

Trans 139.05(5) (5) Motor vehicle price changes. A motor vehicle manufacturer, importer or distributor which has adopted a formal policy of not accepting dealer orders placed on behalf of private retail purchasers shall notify franchised dealer licensees and the department of that fact in writing. If the policy is not clearly set forth to franchised dealer licensees, price increases imposed by the motor vehicle manufacturer, importer or distributor are prohibited on those vehicles for which dealers had orders written with private retail purchasers prior to the dealer’s receipt of the official price change notification referred to in sub. (4).

Trans 139.05(5)(a) (a) In the event of motor vehicle manufacturer, importer or distributor price reduction the amount of any reduction received by a dealer licensee shall be passed on to the private retail purchaser by the dealer if the retail price was negotiated on the basis of the previous higher price to the dealer.

Trans 139.05(5)(b) (b) Price increases in the following instances shall not be subject to the price protection and price change provisions of sub. (4) and this subsection:

Trans 139.05(5)(b)1. 1. The addition of new equipment as required by state or federal law.

Trans 139.05(5)(b)2. 2. In the case of foreign make vehicles, revaluation of the U.S. dollar by the U.S. government.

Trans 139.05(5)(b)3. 3. Local, state or federal tax changes.

Trans 139.05(5)(c) (c) Any increase in price to a retail purchaser after the dealer has accepted an offer to purchase from the purchaser is an unfair practice and prohibited except as follows:

Trans 139.05(5)(c)1. 1. Motor vehicle dealer licensees who accept offers to purchase from private retail purchasers for new vehicles not yet in the dealer’s inventory shall, in the following statement to be completed on the purchase contract, check box A where the manufacturer, importer or distributor has a formal policy of not accepting retail orders as described in this subsection, or where the manufacturer’s suggested retail price of an ordered vehicle of the upcoming model year is unknown; or check box B where the manufacturer’s suggested retail price is unknown as in the case of a newly introduced model: ⬜ Order-out vehicle not price protected. (Check A or B)

A.  ⬜ Current model year price known. If the manufacturer’s suggested retail price increases before vehicle delivery, the final cash price shall be the current contract cash price, plus the increase in the manufacturer’s suggested retail price adjusted by _________% discount or _________% markup of said increase.

B.  ⬜ Price of newly introduced model currently unknown. The final cash price shall be the total of the manufacturer’s suggested retail price upon delivery plus the price of any dealer installed options set forth in this contract with _________% discount subtracted from or _________% markup added to the total.

However, if the final cash price of either A or B exceeds, the purchaser may cancel the contract without penalty. Also the dealer is not obligated to deliver unless the purchaser agrees to pay the final cash price.”

Trans 139.05(5)(c)2. 2. A trade-in vehicle may be reappraised if it suffers damage as defined by s. Trans 139.02 (2), or parts or accessories have been removed after purchase contract execution. Reappraisal by the dealer licensee shall be limited to an amount equal to the retail repair costs of damages incurred, or to the value of parts or accessories removed. Reappraisal for mileage/kilometers is not allowed unless the dealer has stated on the contract that “The appraisal is based on an odometer reading of up to ________ miles/kilometers, and the trade-in vehicle may be reappraised if it exceeds this limit.”

Trans 139.05(6) (6) Damage disclosure. On any new vehicle or demonstrator or executive vehicle, any corrected damage exceeding 6% of the manufacturer’s suggested retail price, as measured by retail repair costs, and all uncorrected damage shall be disclosed in writing to the purchaser prior to delivery. Damage to glass, tires, bumpers, moldings or audio equipment is excluded from the 6% rule when replaced by identical manufacturer’s original equipment.