Money paid as part of an agreement to purchase a specific vehicle. This money gives the buyer an interest in the vehicle once all the terms and conditions are known.
Partial Payment:
Parts and Labour Warranty:
Sometimes called a limited warranty. A discounted rate for parts and labour provided by a dealer to reduce the cost of future repairs. This warranty usually only applies if the vehicle is repaired at the dealership.
Parts Only:
A vehicle which does not meet the safety requirements of the Motor Vehicle Act and cannot be driven on the highways.
PDI (Pre-Delivery Inspection):
A new vehicle checkup by a dealer upon receipt from the manufacturer.
PIPA (Personal Information Protection Act):
A BC law regarding personal data gathered and held by private bodies. The purpose of PIPA is to protect a person’s right to privacy over their personal data. PIPA sets out the rules for private bodies to collect, use, and give out this data. Note: Freedom of Information and Protection of Privacy Act (FIPPA) applies to public bodies, PIPA applies to private bodies.
PPSA (Personal Property Security Act):
A BC law regarding liens against, or other rights to personal property. PPSA may also mean PPSA.ca. PPSA.ca is a private company where a person can register liens in any jurisdiction in Canada.
Price Benefit or Advantage:
An offer of something to encourage a buyer to purchase a vehicle. The offer is a price benefit or advantage only if it results in an actual savings for the buyer.
Private Sale:
The sale of a personal vehicle by one individual to another individual.
Pro-Pac or Protection Package:
An optional, ongoing maintenance service. This service includes professional interior and exterior cosmetic maintenance of a vehicle. This service is offered for an extra price. If mandatory or required, the cost must be included in the advertised total price.
Provincial Safety Inspection:
The common name for a vehicle checkup. This checkup is done by a designated inspection facility. The checkup determines if the vehicle meets legal standards. For example, these standards apply to brakes, lights, horn, and steering.
Purchase Agreement:
A legal document to transfer the ownership of a vehicle to a buyer. This document is prepared by the dealer. It identifies the dealer and buyer and describes the vehicle. It also records the date and location of the sale and the price.
PVI (Private Vehicle Inspection):
The official name for a vehicle checkup. This checkup is done by a designated inspection facility. The checkup determines if the vehicle meets legal standards. For example, these standards apply to brakes, lights, horn, and steering.
