CONCORD, N.H. -- A new law in New Hampshire authorizes "spot delivery" of vehicles as long as dealers make certain disclosures. A spot delivery enables a customer to take possession of a vehicle while a finance contract is pending.
The law, which took effect July 23, requires dealers to provide a written disclosure in 10-point boldfaced type that: The dealership has not obtained final approval from a lender for terms of a retail installment contract. The terms are not binding until the lender approves. The contract is canceled if the lender rejects the terms. If the contract is canceled, the dealer will return the customer's deposit, trade-in vehicle and all fees. If the deal is canceled, the customer will return the vehicle.