Consumer Line

February 2018

OMVIC Message

 

In This Issue

  • A Match Made in Car Heaven?

  • Know Your New Car Budget

  • Come Meet Team OMVIC!


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CONSUMER PROTECTION

A Match Made in Car Heaven?

What if vehicles tried to sell themselves online, just like men and women do on dating sites? Quite a few would likely describe themselves as far more attractive and desirable than they really might be.

"My friends say I don't look a kilometre over 85,000." Meanwhile, what the unsuspecting, hopeful single who swiped right doesn’t know is that deceitful old Buick’s odometer has been rolled back 100,000 km.

"I keep my body in great shape!!" Yeah right, that Venza was a complete write-off with structural damage that cost over $14,000 to get into "great shape".

Both are classic cases of "carfishing", quite similar to what online daters refer to as "catfishing"… simply, false advertising.

Read More

Cars carrying hearts

Know Your New Car Budget… and Stick to It!

Shopping for a new car? Before starting the hunt, you should ask yourself: "How much car can I afford?"

Costs that come with buying a car

Let’s break this down a little bit further. You need to think ‘big picture’ when considering making a significant purchase, like a car. Unlike real estate, most vehicles are a depreciating asset that begins losing value the very second you turn the key in the ignition to drive it home. So what are some of the costs that you need to consider?

Read more

Negative Equity Car Piggy Bank

Final Weekend of the 2018 CIAS! Come Meet Team OMVIC!

It’s your last chance to see the latest in automotive innovation and style all under one roof! With over 600,000 square feet of dazzling displays and engaging exhibits, the Canadian International AutoShow wraps up 6pm, Sunday, February 26 at the Metro Toronto Convention Centre.

Visit OMVIC’s Team at the AutoShow

Don’t forget to stop by OMVIC’s booth (800 level, South Building - next to the escalators and food court) and learn your car buying rights!

Read more

OMVIC Team

OMVIC Contact

OMVIC administers and enforces the Motor Vehicle Dealers Act (MVDA) on behalf of the Ministry of Government and Consumer Services. OMVIC maintains a fair and informed vehicle sales marketplace by regulating dealers and salespersons, regularly inspecting Ontario's 8,000 dealerships and 27,000 salespeople, maintaining a complaint line for consumers and conducting investigations and prosecutions of industry misconduct and illegal sales (curbsiding). OMVIC is also responsible for administering the Motor Vehicle Dealers Compensation Fund on behalf of its Board of Trustees.

Consumer Line is OMVIC’s consumer guide to Ontario’s motor vehicle dealer industry. It is published throughout the year, delivered free via e-mail and provides consumers with useful tips, industry news and important, up-to-date information.

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