There must be a separate contract for each vehicle leased, and it is the responsibility of the dealer (other than a Fleet Lessor) to ensure that the following are disclosed in a clear, comprehensible and prominent manner:
- The name and address of the lessee.
- Dealer’s registration number and registered name (and legal name of dealer if different from registered name).
- Business address.
- Salesperson’s registration number and name.
- Vehicle Identification Number (VIN), if known; colour; body type.
- If vehicle subject to a service plan, a statement to that effect.
- If there is a trade-in, the “Additional Contract Requirements for Trade-Ins”; General Regulation 43.
- This OMVIC/Compensation Fund “Important Information” Statement:
IMPORTANT INFORMATION RESPECTING MOTOR VEHICLE SALES
In case of any concerns with this sale, you should first contact your motor vehicle dealer. If concerns persist, you may contact the Ontario Motor Vehicle Industry Council as the administrative authority designated for administering the Motor Vehicle
Dealers Act, 2002.
You may be eligible for compensation from the Motor Vehicle Dealers Compensation Fund if you suffer a financial loss from this trade and if your dealer is unable or unwilling to make good on the loss.
You may have additional rights at law.
OMVIC at 1-800-943-6002 or www.omvic.on.ca
- One of these two CAMVAP Statements in large bold print:
If CAMVAP is available:
CANADIAN MOTOR VEHICLE ARBITRATION PLAN
The Canadian Motor Vehicle Arbitration Plan may be available to resolve disputes concerning alleged manufacturer’s defects or implementation of the manufacturer’s new motor vehicle warranty.
- If CAMVAP is NOT available:
CANADIAN MOTOR VEHICLE ARBITRATION PLAN NOT AVAILABLE
The manufacturer of this vehicle is not a participant in the Canadian Motor Vehicle Arbitration Plan.
Therefore, the program under that Plan is not available to resolve disputes concerning alleged manufacturer’s defects or implementation of the manufacturer’s new motor vehicle warranty.
Note: CAMVAP Statements are required only if the vehicle is the current model year or one of the previous four, or has been driven less than 160,000 km.
- If a current Safety Standards Certificate under the Highway Traffic Act is provided for the vehicle, the following Safety Standards Certificate Statement in bold print:
SAFETY STANDARDS CERTIFICATE
A Safety Standards Certificate is only an indication that the motor vehicle met certain basic standards of vehicle safety on the date of inspection.
- All restrictions, limitations and conditions imposed on the lessee, stated in a clear, comprehensible and prominent manner.
- Any required disclosure statement related to a vehicle’s previous use, history and/or condition.
- A statement of all particular facts, if any, respecting the vehicle that the lessee considers material to the lease.
- If the lessee is a consumer, the dealer (other than a Fleet Lessor) must provide the information required in the “Lease Disclosure Statement” (LDS) of Section 79 of the Consumer Protection Act. The LDS provides the lessee with full disclosure of payment terms including monthly payments, interest rate, term, total payments and other charges.
The dealer is responsible for ensuring the contract is signed by the parties and the salesperson, and that the lessee receives a copy immediately after signing. If the vehicle being leased is used, the dealer must also ensure the lessee receives a copy of the current Safety Standards Certificate.