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
Chapter 13. Motor Vehicle Protection
24-5-13-1. Application of Chapter
24-5-13-4.1. "Methamphetamine Vehicle"
24-5-13-5. "Motor Vehicle" or "Vehicle"
24-5-13-7. "Term of Protection"
24-5-13-8. Repair of Nonconformities
24-5-13-9. Notification of Claim; Manufacturer's Disclosure
24-5-13-10. 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
24-5-13-18. Affirmative Defenses
24-5-13-19. Informal Procedures Established by Manufacturer
24-5-13-20. Additional Remedies
24-5-13-21. Civil Enforcement Actions