Repurchase upon termination of agreement
When an RV dealer agreement ends — whether the manufacturer ends it, the dealer ends it, or the manufacturer stops doing business in the state — the manufacturer has to buy back certain things from the dealer within 30 days. The manufacturer must buy back new, untitled RVs bought in the last 18 months at full invoice cost, undamaged parts and accessories at 105% of what the dealer paid, and special equipment the dealer bought within the last 5 years at full cost including shipping and taxes.
407.1329. upon of agreement. — If the is terminated, , or not renewed by the , or if the voluntarily terminates an RV dealer agreement in a manner permitted by such agreement, or if the manufacturer terminates or discontinues a by discontinuing a or by ceasing to do business in this state, or if the manufacturer changes the or method of distribution of its products in this state or alters its sales regions or marketing areas within this state in a manner that eliminates or diminishes the dealer's market area, the manufacturer shall, at the of the RV dealer, within thirty days of termination, repurchase:
(1) All new, untitled recreation vehicle , acquired from the manufacturer in the previous eighteen months, which has not been altered or damaged to the extent that such damage must be disclosed to the section 407.1343, at one hundred percent of the , including transportation, less applicable and discounts to the dealer;
(2) All current and undamaged manufacturer's accessories and sold to the dealer for , if accompanied by the original , at one hundred five percent of the original net price paid to the manufacturer to compensate the dealer for handling, packing, and shipping the parts; and
(3) Any fully and correctly functioning diagnostic equipment, special tools, current signage and other equipment and machinery, at one hundred percent of the dealer's plus freight, destination, and distribution charges and sales taxes, if any, provided it was purchased by the dealer within five years before termination and upon the manufacturer's request and can no longer be used in the normal course of the dealer's ongoing business.
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Source & history notes
(L. 2001 H.B. 575, A.L. 2020 H.B. 1963)
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.