Virginia law requires motor vehicle dealers to complete a buyer's order for each sale, lease, or exchange, including specific details about the transaction. The dealer must provide a copy to the buyer or lessee during negotiations and retain a copy for five years. The buyer's order must include key information such as vehicle details, prices, fees, and trade-in descriptions.
A buyer's order is a document completed by the dealer that details the vehicle sale, lease, or trade, including prices, fees, and vehicle information.
The dealer must provide a copy during the negotiation phase before finalizing the sale or lease and deliver a duplicate at the time of transaction.
Dealers are required to retain copies of buyer's orders for five years according to Virginia law.
It must include buyer and dealer details, vehicle description, sale price, trade-in info, fees, taxes, and net balance due.