Gabby Watson
Updated: Nov 2018
“invoice,”
“penny over”
“below retailer cost,”
“our cost”
“blowout,”
“bailout”
“closeout,”
“slash,”
“undercut”
“so low they can’t be advertised,”
“price too low to advertise,”
“save thousands,”
“thousands off,”
“thousands off MSRP,”
“$XXX discount,”
“cheap”
“best price“
“deep discounts,”
“outlet”
“meet,”
“beat,”
“match”
“finance anyone,”
“bad credit? no problem”
“guaranteed credit approval”
“inventory sell-a-thon,”
“$XXX savings,”
“$XXX in savings,”
“discount/ savings up to $XXX,”
“liquidation”
“sell down”
“overstocked,”
“special purchase,”
“special price,”
“special buy,”
“wholesale pricing”
“Bottom Line Pricing”
“clearance” (unless announced by SOA as permitted in conjunction with an official SOA sales event)
“save $XXX,”
“$XXX off,”
“XX% off,”
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IF any of this information appears in the ad:
THEN the ad must include all the following information:
APR Advertising:
It is acceptable for the ad to include an APR rate with no other disclosures, for example “2011 Forester 2.5X at 2.9 % APR.” However, if any of the terms in the first column below appear in the ad with the APR rate, then all of the disclaimer information listed in the column at right must appear.
7a. If a purchase price is advertised, either explicitly by stating the price or implicitly (by referencing an amount off MSRP), it must be at or above the Minimum Allowable Advertised Price (“MAAP”). When advertising current model year vehicles, the MAAP should be determined by subtracting the then-current applicable SOA incentives from the invoice price (which will include destination and delivery [D&D] charges, as set forth in the then-current applicable Subaru Price List). When advertising previous model year vehicles, the MAAP should be determined by subtracting the 2% finance holdback and the then-current applicable SOA incentives from the invoice price (which will include destination and delivery [D&D] charges, as set forth in the then-current applicable Subaru Price List). Other amounts must not be subtracted from the invoice price.