Indiana Code
Chapter 13. Motor Vehicle Protection
24-5-13-11. Refund; Computation of Amount

Sec. 11. (a) If a refund is tendered under this chapter with respect to a vehicle that is not a leased vehicle, the refund must be the full contract price of the vehicle, including all credits and allowances for any trade-in vehicle and less a reasonable allowance for use.
(b) To determine a reasonable allowance for use under this section, multiply:
(1) the total contract price of the vehicle; by
(2) a fraction having as its denominator one hundred thousand (100,000) and having as its numerator the number of miles that the vehicle traveled before the manufacturer's acceptance of its return.
(c) The refund must also include reimbursement for the following incidental costs:
(1) All sales tax.
(2) The unexpended portion of the registration fee and excise tax that has been prepaid for any calendar year.
(3) All finance charges actually expended.
(4) The cost of all options added by the authorized dealer.
(d) Refunds made under this section shall be made to the buyer and lienholder, if any, as their respective interests appear on the records of ownership.
As added by P.L.150-1988, SEC.1. Amended by P.L.24-1989, SEC.27.

Structure Indiana Code

Indiana Code

Title 24. Trade Regulation

Article 5. Consumer Sales

Chapter 13. Motor Vehicle Protection

24-5-13-0.1. Repealed

24-5-13-1. Application of Chapter

24-5-13-2. "Business Day"

24-5-13-3. "Buyer"

24-5-13-3.1. "Dealer"

24-5-13-3.4. "Lease"

24-5-13-3.7. "Lessor"

24-5-13-4. "Manufacturer"

24-5-13-4.1. "Methamphetamine Vehicle"

24-5-13-5. "Motor Vehicle" or "Vehicle"

24-5-13-6. "Nonconformity"

24-5-13-6.1. "Seller"

24-5-13-7. "Term of Protection"

24-5-13-8. Repair of Nonconformities

24-5-13-9. Notification of Claim; Manufacturer's Disclosure

24-5-13-9.3. Repealed

24-5-13-10. Return of Vehicle Upon Failure to Correct Nonconformity; Refund; Replacement

24-5-13-11. Refund; Computation of Amount

24-5-13-11.5. Refund; Leased Motor Vehicle; Computation of Amount

24-5-13-12. Replacement of Vehicle

24-5-13-13. Reimbursement for Towing and Rental Costs

24-5-13-14. Retention of Vehicle Pending Replacement or Refund

24-5-13-15. Attempts to Correct Nonconformity; Reasonable Number of Attempts; Time Period; Extension

24-5-13-16. Refusal to Diagnose or Repair; Written Repair Orders

24-5-13-16.1. Seller's Duty to Disclose Methamphetamine Vehicles

24-5-13-16.2. Civil Action by Buyer for Failure to Disclose Methamphetamine Vehicles; Remedies

24-5-13-17. Repealed

24-5-13-18. Affirmative Defenses

24-5-13-19. Informal Procedures Established by Manufacturer

24-5-13-20. Additional Remedies

24-5-13-21. Civil Enforcement Actions

24-5-13-22. Costs and Expenses in Recovery Actions

24-5-13-23. Limitations

24-5-13-24. Dealer's Liability