SB 5695 - DIGEST

     Declares that chapter 82.04 RCW does not apply to amounts derived from wholesale sales of used motor vehicles.  For purposes of this subsection, "used motor vehicles" has the same meaning as ascribed to "used vehicle" in RCW 46.04.660.

     Declares that this chapter does not apply to the amount derived from a retail sale of a used vehicle as defined in RCW 46.04.660, that is purchased by the lessee of the vehicle at the conclusion of a lease agreement under an option to purchase provision in that agreement.

     Declares that this chapter does not apply to the amount derived by a new car dealer from wholesale sales to other new car dealers of new motor vehicles of the same make where the sales enable the dealers to adjust their inventory levels as long as the amount paid by the purchasing dealer does not exceed the amount paid by the selling dealer in the acquisition of the vehicle.  However, the selling dealer may add reasonable expenses for the preparation of the vehicle for sale.