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OMVIC Blog: Car Buying Tips

Author: OMVIC Communications Created: Friday, August 14, 2015
OMVIC Blog
By OMVIC Communications on Wednesday, January 27, 2016

Ontario Superior Court of JusticeThe Ontario Superior Court of Justice has overturned a decision of the Licence Appeal Tribunal (LAT) that ordered the provincial vehicle sales regulator, OMVIC, to grant a licence to a man convicted of firebombing New York State government offices.


By OMVIC Communications on Friday, January 22, 2016

Curbsider in JailMehran Amini was sentenced to 450 days incarceration after being found guilty on two counts of curbsiding (acting as a dealer without registration) contrary to the Motor Vehicle Dealers Act and one count of engaging in an unfair business practice (related to odometer tampering) in contravention of the Consumer Protection Act. “This is the longest sentence handed out in Ontario for illegal vehicle sales,” explained Michael Rothe, Director of Legal Services for OMVIC, Ontario’s vehicle sales regulator.


By OMVIC Communications on Friday, January 15, 2016

OMVIC Compensation Fund Protects YouOne of the key protections available to consumers who purchase from an OMVIC-Registered Dealer is having access to the Motor Vehicle Dealers Compensation Fund (The Fund). Established in 1986, the Compensation Fund is celebrating 30 years of protecting Ontario consumers.


By OMVIC Communications on Friday, January 8, 2016

North American International Motorcycle Super Show 2016Are you a motorcycle enthusiast? Or perhaps considering a bike purchase in the near future? Do you know what your consumer rights are when buying a motor vehicle, including motorcycles? Then stop by the OMVIC booth (number 2205) at this weekend’s North American International Motorcycle Super Show and get your questions answered! Running from January 8th to the 10th the show is hosted at the International Centre in Mississauga.


By OMVIC Communications on Thursday, December 31, 2015
Globe

Did you know that OMVIC offers translation services to both consumers and dealers? Non-English speakers can clearly communicate any questions or concerns they may have to OMVIC staff.

Available in more than 150 languages, OMVIC’s translation service is provided at no cost to the caller! 

By OMVIC Communications on Thursday, December 24, 2015

Thinking about decking the driveway with a new set of wheels this holiday season? Or resolving to improve your ride in the New Year? Well, OMVIC would like to gift you with these holiday car buying tips.



By OMVIC Communications on Thursday, December 17, 2015

When buying a car from an OMVIC-Registered Dealer or privately, it’s important to protect yourself. One of the key steps before you decide to purchase is to take the vehicle on a thorough test drive. Don’t just take it around the block. 


By OMVIC Communications on Friday, December 11, 2015
Leasing VehicleIn Ontario, there is no cooling-off period when purchasing a vehicle from an OMVIC-Registered dealer – all sales are final. So it’s important … before you sign the contract … do your research and determine if leasing is right for you.

By OMVIC Communications on Friday, December 4, 2015

Vehicle History ReportsIt’s Sunday morning and you’re scrolling through the online classifieds looking for a car…you find a private sale that sparks your interest – “for sale by owner.” What do you do next?

Here are some tips for buying a car privately in Ontario. Remember, consumer protection laws only apply if you purchase a car from an OMVIC-Registered Dealer. If something goes wrong with your private purchase, you’re on your own with little recourse (other than to sue civilly). So, if you choose to buy privately be informed and do your research.

By OMVIC Communications on Friday, November 27, 2015

Holiday Shopping with Credit Card It’s Financial Literacy Month! Interested in buying a new or used car? As November comes to an end and the holiday shopping season intensifies, it’s important that consumers are aware of the dangers of “…Being a Monthly Payment Junkie.”  Read more to learn about negative equity. #FLM2015 

By OMVIC Communications on Friday, November 20, 2015

Educated ConsumerThinking about buying a car? Do you know what additional fees a dealer can add to an advertised price? Do you know exactly what a dealer must tell you about a vehicle’s past-use or condition? Do you know what protections are available if you choose to buy a vehicle privately? If you answered no to any of these questions, you probably need to sharpen your car-buying knowledge before signing any contracts or paying any deposits.


By OMVIC Communications on Friday, November 13, 2015
Manufacturer AdvertisementsAll-in price advertising is the law; a law meant to provide transparency to consumers and create a fair and level playing field for car dealers. Through OMVIC’s continuous consumer awareness efforts, the public is becoming more informed on the rules surrounding all-in price advertising when purchasing a car from an OMVIC-Registered Dealer — but there is still some confusion…


By OMVIC Communications on Friday, November 6, 2015
OMVICMany consumers in Ontario don’t know where to turn when something goes wrong with a vehicle purchase; they mistakenly believe that car dealerships are akin to the Wild Wild West where lawlessness was commonplace and bandits plentiful. But the truth of the matter is quite the opposite. Car dealers and salespersons must be licensed and abide by the rules and regulations of the Motor Vehicle Dealers Act (MVDA), the Consumer Protection Act (CPA) and a strict Code of Ethics; and the “sheriff” administering and enforcing the laws is OMVIC – Ontario’s vehicle sales regulator.

By OMVIC Communications on Friday, October 23, 2015

Trick-or-Treating Candy Do you remember trick-or-treating? Can you recall the tangible excitement of running from house to house; trying not to trip, or worse, lose some of the candies stashed in your pillow case. And there was a secret communication shared by the young ghouls, witches and ghosts as they transited the neighborhood – where to find the best ”loot”…


By OMVIC Communications on Friday, October 16, 2015

Last week’s blog post provided tips on how to avoid “buyer’s remorse” when purchasing a vehicle. One tip recommended car-buyers review competitive advertisements before visiting a dealership to purchase a vehicle. 

“All-In Price Advertising—It’s Putting The Fun And Excitement Back Into Car Buying…
And It’s The LAW!”

Why Is This Important to Consumers?

So, you purchased a car yesterday — walked into the dealership while the kids were in hockey practice, found a vehicle that tweaked your interest, and began negotiating a price...

By OMVIC Communications on Friday, October 9, 2015

There’s a common expression shared by carpenters: measure twice, cut once. In other words, do your research before you act. That’s good advice – especially when the action involves making an expensive purchase – like a car. Unfortunately many consumers get caught up in the emotion of buying a new set of wheels and make decisions without doing all their research – they only measure once – and that can lead to “buyer’s remorse.”

It’s one of the most common complaints OMVIC receives – a consumer signed a contract to buy a car but a few hours or days later, has a change of heart…or mind; and wants to back out of the deal. Often it happens when the buyer works out the myriad of extra costs that are attached to car ownership – some, like insurance, can come with a monthly cost as similar to (or greater) than the car loan payment.

By OMVIC Communications on Friday, October 2, 2015

You are Protected OMVIC (Ontario Motor Vehicle Industry Council) is Ontario’s vehicle sales regulator. With a mandate to protect consumers OMVIC enforces the Motor Vehicle Dealers Act and other consumer protection statutes on behalf of the Ministry of Government and Consumer Services.

How Does OMVIC Protect Consumers?

Maintaining a fair and informed marketplace by protecting the rights of consumers, enhancing industry professionalism and ensuring fair, honest and open competition for registered motor vehicle dealers is OMVIC’s mission. This is accomplished through these initiatives:...

By OMVIC Communications on Thursday, September 24, 2015

Sales Are Final When Buying A Car

“What’s your return policy?” – It’s a common question asked when making a purchase. As consumers, we are familiar with responses like: “10 days to return or exchange, so long as you have the receipt”. And while those return policies are set by the retailer (that’s right they’re not mandated by law) there are some purchases that have a legally mandated ‘cooling-off period’ – a chance to cancel and get out of the contract. Gym memberships and door-to-door sales are two such examples. So, some would assume the same applies when buying a car. There’s got to be 24 or 48 hours in which you can change your mind, cancel the deal and get back your deposit, right? Wrong—In Ontario, there is no cooling-off period when purchasing a vehicle from a registered dealer.

Final Sale

By OMVIC Communications on Friday, September 18, 2015

Car on the keyboardIf you’re looking to purchase a late model used car or truck, chances are you’ve checked out some of the online auto marketplaces such as Kijiji, AutoTRADER, Craigslist or others. While there are a lot of legitimate vehicles available through these sites, there are also a number of sophisticated online scams you should watch out for. 

Know A Scam When You See One

Recently, OMVIC has warned Canadian online car shoppers about two notorious scams designed to separate consumers from their hard-earned money: the phony private seller; and the phantom US dealer. Both have tell-tale signs that, if spotted, will alert the potential buyer to the dangers posed by these rip-off artists.

By OMVIC Communications on Wednesday, September 2, 2015

Buying an inexpensive car for your budding academic star?Sending a ‘child’ off to university or college can be traumatic – for the parents of course; the kid will be just fine. So to make it easier to keep ‘em coming home for more than just Thanksgiving and spring break, some parents will head out with their teens on an elusive hunt for a decent, but cheap, set of wheels. It’s worth noting decent and cheap can be difficult to find in peaceful coexistence in the automotive jungle.

“Many consumers looking for an inexpensive vehicle assume their best bet is to buy privately,” explained Terry O’Keefe, Director of Communications and Education for OMVIC ...

By OMVIC Communications on Wednesday, August 26, 2015

Protect YourselfSo you think you’ve found a great deal on a car. The price is right … and mileage isn’t too high. But it’s for sale by a private owner. You know there are some risks involved with a private sale, but do you know how to protect yourself? What happens if you end up with a real lemon … or worse? 

Buying A Used Car Privately Can Be Risky

Keep in mind that there are no "lemon laws" in Ontario and no consumer protection legislation that covers private transactions. According to Terry O’Keefe, OMVIC Director of Communications and Education, “Should a person purchase privately and something goes wrong, that consumer would unfortunately be on their own.”

By OMVIC Communications on Friday, August 14, 2015

DID YOU KNOW ALL-IN PRICE ADVERTISING IS THE LAW FOR ONTARIO CAR DEALERS?

All-In Price Advertising

An educated consumer is a protected consumer. And as part of its commitment to improving consumer education and awareness OMVIC has launched a targeted four-week awareness campaign to inform Ontario car-buyers about the all-in price advertising requirements. With the launch of the campaign also comes OMVIC’s newest consumer resource: this blog!

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