What is the maximum penalty for a customer failing to take delivery of a vehicle according to the non-acceptance penalty rule?

The maximum penalty for a customer failing to take delivery of a vehicle is defined as five percent of the capitalized cost according to the non-acceptance penalty rule. This rule is designated to provide a fair measure for dealers to recover some of the costs associated with failed transactions, which can include fees for documentation, time spent processing, and other expenses incurred during the sale process.

It's important for both dealers and customers to understand this penalty, as it serves as a deterrent against non-acceptance after a sale has been finalized. This way, it encourages a level of commitment from the customer to follow through with their vehicle purchase. The other options present different percentages, but only five percent aligns with the established guidelines governing non-acceptance scenarios in the auto sales industry.