CTHRepealedLegislation
Vehicle Assistance Scheme
Where price of replacement motor vehicleWhere price of replacement motor vehicle exceeds maximum grant
Start here
Get a plain-English read of Where price of replacement motor vehicle
Turn the raw legal text into a practical explanation grounded in Vehicle Assistance Scheme.
Where price of replacement motor vehicle exceeds maximum grant
- Subject to paragraph 4 of this Schedule, if the difference between:
(a) the trade-in value, the sale price, or the insurer’s write-off payment, as the case may be; and
(b) the purchase price of the replacement motor vehicle;
exceeds the amount specified in paragraph 1 of this Schedule, the Commission shall only authorise payment to the supplying motor vehicle dealer of an amount equivalent to the amount set out in paragraph 1 of this Schedule.