Florida SB 226: Athletic Trainers

Bill Text

226 
Trade-in Vehicle Valuation 
2025-10-17T04:26:21Z 
Revising the definition of the term “purchase price” for purposes of the Motor Vehicle Warranty Enforcement Act, etc. 
Original Filed Version 
2026 
S 
2026-07-01T00:00:00Z 
GB 
General Bill 
__ 

 Florida Senate - 2026 SB 226 

 By Senator Smith 

 17-00414-26 2026226__ 
 1 A bill to be entitled 
 2 An act relating to trade-in vehicle valuation; 
 3 amending s. 681.102, F.S.; revising the definition of 
 4 the term “purchase price” for purposes of the Motor 
 5 Vehicle Warranty Enforcement Act; providing an 
 6 effective date. 
 7 
 8 Be It Enacted by the Legislature of the State of Florida: 
 9 
 10 Section 1. Subsection (18) of section 681.102, Florida 
 11 Statutes, is amended to read: 
 12 681.102 Definitions.—As used in this chapter, the term: 
 13 (18) “Purchase price” means the cash price as defined in s. 
 14 520.31(2), inclusive of any allowance for a trade-in vehicle, 
 15 but excludes debt from any other transaction. “Any allowance for 
 16 a trade-in vehicle” means the net trade-in allowance as 
 17 reflected in the purchase contract or lease agreement if 
 18 acceptable to the consumer and manufacturer. If such amount is 
 19 not acceptable to the consumer and manufacturer, then the trade 
 20 in allowance must shall be an amount equal to 100 percent of the 
 21 retail price of the trade-in vehicle as reflected in J.D. Power, 
 22 or the nearest valuation date listed for the trade-in vehicle by 
 23 J.D. Power the NADA Official Used Car Guide (Southeastern 
 24 Edition) or NADA Recreation Vehicle Appraisal Guide, whichever 
 25 is applicable, in effect at the time of the trade-in. The 
 26 manufacturer is shall be responsible for providing the 
 27 applicable J.D. Power valuation NADA book. 
 28 Section 2. This act shall take effect July 1, 2026.