5
LIMITATION OF COVERAGE FOR DEMONSTRATION MODELS PURCHASED FROM CHAPARRAL DEALERS
Original retail purchaser(s), who otherwise comply with this Warranty Statement, receive the balance, as they exist at the time of purchase,
of the Five-Year Transferable Limited Structural Hull Warranty and the One-Year Transferable Limited Warranty, only. The period of such
limited warranties shall commence on the date the boat was first used for in-water demonstration purposes by the Dealer. ALL OTHER
WARRANTIES ARE EXCLUDED. Warranty Transfer fees are waived for dealer demonstrator boats.
LIMITATION OF REMEDIES
(1)
Chaparral’s obligation under this warranty is limited to the cost of repair of the warranted item
or replacement thereof, at Chaparral’s sole option, when returned prepaid to Chaparral or other
point of repair authorized by Chaparral.
(2)
Chaparral is not liable for loss of use, loss of time, inconvenience, diminished value, economic
loss, commercial loss or any consequential, incidental, general and/or special damages.
(3)
Chaparral reserves the right to use refurbished, repaired, reconditioned, or remanufactured
products or parts in the warranty repair or replacement process. Any such products and parts
will be comparable in performance and function to the original part and shall only be warranted
for the remainder of the original warranty period.
(4)
Decisions made by Chaparral may be done so out of an abundance of customer goodwill.
Accordingly, the acceptance of any returned product or part by Chaparral shall not constitute an
admission that the product or part is defective.
(5)
Any products that are replaced by Chaparral become the property of Chaparral.
EXCLUSIONS
THE LIMITED WARRANTIES SET FORTH ABOVE DO NOT COVER
:
1) Any boat that has been subject to any type of repossession.
2) Any boat not purchased by an original retail purchaser, or a subsequent purchaser, as defined
herein,
3) Any failure or defect resulting from normal wear and tear, climatic conditions, use under other than
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