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OMVIC Blog: Car Buying Tips

Author: Created: Friday, August 14, 2015 RssIcon
OMVIC Blog
By OMVIC Communications on Friday, July 26, 2019

Complaint

When it comes to buying a car in Ontario, the majority of consumer/dealer interactions take place without a hitch, but when a transaction hits a pothole, consumers in Ontario can request advice or help from an OMVIC Complaint Handler.

But before filing a formal complaint with OMVIC, the regulator recommends consumers engage in the 2-step process mentioned below.

By OMVIC Communications on Friday, July 19, 2019

decal

By law, anyone who trades in vehicles in Ontario must be registered with OMVIC, Ontario’s vehicle sales regulatorthat’s every car dealer and salesperson.

We know that not everyone is going to buy a vehicle from an OMVIC-Registered dealer—some may choose to buy from a private seller—but buying from a registered dealer is ‘the safer way’ because of what you're legally entitled to.

By OMVIC Communications on Friday, July 12, 2019

Motorcycle

Did you know that OMVIC regulates motorcycle sales as well as car, RV and light truck sales?

If you’re considering hugging the curb and embracing clear blue skies this summer, then getting acquainted with your rights as a motorcycle-buyer is a very good start.

Each day, OMVIC staff field calls and emails from car and motorcycle buyers seeking clarity on their rights as a consumer. As a motorcycle-buying consumer, you have certain rights.

By OMVIC Communications on Friday, July 5, 2019

Quiz

Few among us can buy a car with little preparation. For most, purchasing a vehicle is a sizable investment that demands significant research. Before deciding on which vehicle best suits your lifestyle and budget, you should know what your rights are.

By OMVIC Communications on Thursday, June 27, 2019

auto finance

The majority of consumers borrow money for a vehicle purchase. Some choose to use a personal line of credit or arrange financing at their bank or credit union, but many have the dealer arrange the financing. This often makes sense—dealers have access to numerous lenders that may provide terms or rates unavailable elsewhere. But this doesn’t mean consumers shouldn’t carefully consider what is being offered and take steps to ensure they are getting the best possible finance rate and terms.

By OMVIC Communications on Thursday, June 20, 2019

key

Not all relationships are built to last. You’ve had your car through good times and bad, but your needs have changed. You need more space, better reliability and the latest technology. It’s time to say goodbye to your current ride, and make room for a new(er) one.

There are a number of options for getting rid of your car, but we’ll focus on these three:

  • Selling privately
  • Trading it in
  • Selling it on consignment



  • By OMVIC Communications on Friday, June 14, 2019

    Education Officer

    Although buying a car can be intimidating, learning your car-buying rights is one of the best ways to squash your fears. As part of OMVIC’s mandate to protect and educate consumers, OMVIC offers free seminars to Ontario residents looking to improve their car-buying knowledge.


    By OMVIC Communications on Friday, June 7, 2019

    7 Tips to Get You Started!

    We’ve all heard the saying that geniuses are made not born. Child prodigies aside, genius is not innate; it’s the result of hard work, studying and applying what you’ve learned.

    The same can be said of confident car-buyers.

    And how does one become confident?

    Easy. Enroll at the OMVIC Academy! Comprising five videos and featuring a car-buying guide, the OMVIC Academy was created to help consumers become smart, informed and yes—confident in their next car-buying experience.




    By OMVIC Communications on Wednesday, May 29, 2019

    Georgian Auto Show

    Canada’s largest, outdoor student-run auto show returns this weekend! The Georgian College Auto Show, organized and staffed by students of the Automotive Business School of Canada, will take place on the Barrie Campus from May 31st to June 2nd and OMVIC will be there!



    By OMVIC Communications on Wednesday, May 29, 2019

    COMPLAINTS

    "I have a few questions about my vehicle purchase agreement."

    "If I purchased a non-motorized travel trailer at an OMVIC-Registered Dealer, can I still file a complaint?"

    "Does the dealer need to provide a vehicle history report when selling a used vehicle?"

    OMVIC’s Complaints and Inquiries team fields questions and complaints such as these regularly. Helmed by Tim Hines, this department receives and responds to hundreds of phone calls and emails per week. 

    By OMVIC Communications on Thursday, May 16, 2019

    Signing a contract

    All shoppers know the checkout drill, you hand over your money, your goods are packaged and then the cashier tells you by rote, “You have 10 days to return or exchange, as long as you have the receipt.” You nod--you probably won’t return your purchase, but it’s nice to know that you could. You walk out the door, and live your life. So here’s a question. When you sign a contract to buy a car from a dealer, there is,

    a.       A 24 hour cooling-off period

    b.       A 48 hour cooling-off period

    c.       A 10 day cooling-off period

    d.       No cooling-off period




    By OMVIC Communications on Friday, May 10, 2019

    flooded cars

    Did you know that damage to a vehicle caused by flood waters can be difficult to spot and can sometimes take months to show up?

    A flood-damaged vehicle can be dangerous

    Flood damage can cause corrosion inside a vehicle’s sensitive electronics or safety components. The results could be catastrophic: air bags could fail to deploy; engines could shut off at highway speeds or steering could fail—flood damaged vehicles are not safe for the road. If you’re shopping for a used vehicle, it’s imperative that you learn to spot the signs of flood damage.

    By OMVIC Communications on Friday, May 3, 2019

    7 Tips to Get You Started!

    Everybody has their own list of concerns when it comes to buying a car. These concerns can be as specific as whether the car colour comes in a matte or, if you’re buying used, how many owners the vehicle has had. OMVIC suggests you start with these tips to begin a conversation with the dealer and determine whether the vehicle you’re interested in will be a worthy investment.

    It is important to note that all Ontario dealers and salespeople must be licensed by OMVIC. So, if you’re buying from a dealer in Ontario, confirm that you’re buying from a registered dealer – look for the OMVIC-Registered Dealer decal or use the “ Find a Dealer/Saleperson” search button at omvic.ca. Remember: Only when you buy from a registered dealer do you benefit from consumer protection. If you buy privately and encounter problems, OMVIC cannot assist.

    By OMVIC Communications on Tuesday, April 23, 2019

    All in price advertising

    Fifty-three per cent of Ontarians are either uninformed or misinformed when it comes to motor vehicle dealer advertising. According to OMVIC, Ontario’s vehicle sales regulator, only 47 per cent of Ontario’s car buyers know that if a dealer advertises a price for a new or used vehicle, that price must include all fees and charges the dealer intends to collect, with the exception of HST and licensing (and safety standards certificate if the vehicle is advertised as unfit).

    Unfortunately, OMVIC still encounters some dealers adding fees to their advertised prices which is why the regulator has re-launched its province-wide consumer awareness campaign. 


    By OMVIC Communications on Thursday, April 18, 2019

    Arif Adan Syed A Markham area man has been charged after allegedly trying to sell a car with a rolled-back odometer to an undercover shopper from OMVIC, Ontario’s vehicle sales regulator. The charges came just weeks after 34 charges were laid against the man for the same alleged activity.

    Arif Adnan Syed, 36, of Markham, is charged with curbsiding (acting as a dealer without registration) in violation of the Motor Vehicle Dealers Act (MVDA) and with committing an unfair business practice (making a false, misleading or deceptive representation), in contravention of the Consumer Protection Act (CPA). Note: All charges are currently before the court; they are only allegations until proven.

     


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