O 12.2.14.6.A.1-2: The purpose of this rule is to: (1) deter misrepresentation of the age or condition of used motor vehicles in retail motor vehicle sale transactions; (2) protect retail buyers in motor vehicle sale transactions through uniform disclosure of material information concerning the age or condition of used motor vehicles; Subsection A of Section 57-12-6 NMSA 1978;
O 12.2.14.7.E: “Flat rate manual cost” shall mean the estimated cost of repair as indicated by a nationally recognized manual, commonly used in the industry.
O 12.2.14.7.F: “Good faith estimate of cost” for alteration or repair shall mean a good faith estimate of the flat rate manual cost of prior alteration or repair discovered in the used motor vehicle alteration or damage inspection contemplated by this rule, and disclosed in substantially the manner shown in the model inspection report, which accompanies this rule, but “good faith estimate of cost” shall not be interpreted as a warranty as to actual cost which is unknown to the seller, nor is “good faith estimate of cost” intended to be a substitute for disclosure of actual cost if known to the seller.
O 12.2.14.7.J: “Repair or repairing” shall mean to restore or attempt to restore a motor vehicle’s cab, chassis, or body to industry standards.
O 12.2.14.8.A: A seller of a motor vehicle shall furnish at the time of sale of a motor vehicle an affidavit that states to the best of the seller’s knowledge whether there has been an alteration or chassis repair due to wreck damage, except where not required. Subsections B and C of Section 57-12-6 NMSA 1978.
O 12.2.14.8.E: A seller shall not represent to the buyer that the absence of any information or condition of the motor vehicle on a Carfax, Autocheck or other motor vehicle history report is proof that the motor vehicle has never been altered or repaired.
O 12.2.14.11.K: whether a good faith estimate of the cost of prior alteration or damage repair discovered on inspection exceeds six percent of the estimated sales price of the motor vehicle;
Why do we write a complete estimate if there is repaired damage? Because the law tells us to: 12.2.14.7.F.
O 12.2.14.11.R: “The seller’s inspection report may also include: (1) a statement whether the motor vehicle was placed on a lift to inspect the chassis as part of the inspection.”
O 12.2.14.10.A.4: uneven paint thickness;
O 12.2.14.11.J: a “yes” and “no” check box to indicate any discovered unrepaired damage revealed by the inspection; if “yes” is checked, the inspection report shall identify such damage with particularity;