Three of the following are required to be disclosed in an advertisement when a dealer is advertising a closed-end credit sale of a motor vehicle or power-sports, except?

In the context of advertising a closed-end credit sale for a motor vehicle or power-sports, certain key pieces of information must be disclosed to ensure transparency and compliance with regulations. The annual percentage rate (APR), repayment terms, and down payment requirements are all critical financial details that help consumers understand the total cost of the credit arrangement, how much they will be required to pay back over time, and what initial financial commitment they need to make.

The annual percentage rate outlines the cost of borrowing expressed as an interest rate, which directly affects the total amount of money that the consumer will repay. Repayment terms specify the duration and structure of payments, allowing consumers to weigh their financial capabilities against the loan's obligations. The down payment requirements inform the consumer of the upfront cost they will need to provide, which is essential for budgeting and financing considerations.

In contrast, the tax rate is not typically required to be disclosed in the same way because it is generally an external factor that varies by locale and pertains to additional costs separate from the financing of the vehicle itself. While taxes do factor into the overall cost of purchasing a vehicle, they are not part of the closed-end credit sale details that must be explicitly outlined in advertisements. Therefore, this information is less relevant in the