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. Toyota

New Vehicles means, in relation to any Ultimate Borrower, any Vehicle acquired by such Ultimate Borrower after the date of this Agreement;

New Vehicles means each of the Selling Entities’ new, untitled, unregistered and unused 2021 and subsequent model years Manufacturer vehicles including vehicles in transit.

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.

• 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.

• The Company shall pay the cost of all collateral audits other than collateral audits relating to New Vehicles.

• The New Vehicle Floorplan Borrowers shall use the proceeds of the New Vehicle Swing Line Loans to finance Eligible New Vehicles (including to refinance Former Lender Loans).

• New Vehicles with 5,000 or more miles will be valued as a Used Vehicle (defined below).

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.

New Vehicles means all Vehicles other than Seller Vehicles.

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.

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.

New Vehicles means any Toyota vehicle registered less than 12 months prior to the package being sold

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.

New Vehicles. Under the Servicer's or an Affiliate'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.