sec.106Consideration for cooling-off period

### sec.106 Consideration for cooling-off period The consideration payable for the cooling-off period for the purchase of a used motor vehicle (the non-refundable deposit ) is the amount prescribed or worked out under a regulation. The non-refundable deposit may be paid as the deposit or part of the deposit for the vehicle. If the contract is not avoided during the cooling-off period, the non-refundable deposit must be deducted from the purchase price of the vehicle. If a deposit is paid for the vehicle— if the amount of the deposit is more than the amount of the non-refundable deposit—the deposit is taken to include the non-refundable deposit; or if the amount of the deposit is equal to or less than the amount of the non-refundable deposit—the deposit is taken to be the non-refundable deposit. If no deposit is paid for the vehicle, the motor dealer is taken to have waived the payment of the non-refundable deposit. (sec.106-ssec.1) The consideration payable for the cooling-off period for the purchase of a used motor vehicle (the non-refundable deposit ) is the amount prescribed or worked out under a regulation. (sec.106-ssec.2) The non-refundable deposit may be paid as the deposit or part of the deposit for the vehicle. (sec.106-ssec.3) If the contract is not avoided during the cooling-off period, the non-refundable deposit must be deducted from the purchase price of the vehicle. (sec.106-ssec.4) If a deposit is paid for the vehicle— if the amount of the deposit is more than the amount of the non-refundable deposit—the deposit is taken to include the non-refundable deposit; or if the amount of the deposit is equal to or less than the amount of the non-refundable deposit—the deposit is taken to be the non-refundable deposit. (sec.106-ssec.5) If no deposit is paid for the vehicle, the motor dealer is taken to have waived the payment of the non-refundable deposit. - (a) if the amount of the deposit is more than the amount of the non-refundable deposit—the deposit is taken to include the non-refundable deposit; or - (b) if the amount of the deposit is equal to or less than the amount of the non-refundable deposit—the deposit is taken to be the non-refundable deposit.