Updated: April 3, 2023
Special Arbitration Procedures for OVE
Appendix I.A – Addendum to NAAA Arbitration Policy Guidelines for OVE
Seller Disclosure/Announcement Requirements | Disclosure/Announcement Required? | Arbitration Time Periods | ||
R/D | As-Is/TRA | R/D | As-Is/TRA | |
Undocumented visible exterior damage, unacceptable undocumented paintwork, or missing exterior equipment* | Yes | No | 10 Days | N/A |
Undocumented glass damage* | Yes | No | 10 Days | N/A |
Undocumented visible interior damage or missing interior equipment* | Yes | No | 10 Days | N/A |
Tire tread depth: gross misrepresentation – off by 2/32nds or higher (resulting in 4/32nds or below)* | Yes | No | 10 Days | N/A |
*To qualify for arbitration on these items, defects must be singularly $200 or more and reach a cumulative total of $800 within that line item. The auction reserves the right to buy back any vehicle at their discretion. | ||||