Follow Us:



Blog Archive

<October 2021>
September 2023 (2)
August 2023 (2)
July 2023 (1)
June 2023 (1)
May 2023 (2)
April 2023 (2)
March 2023 (2)
February 2023 (1)
January 2023 (2)
November 2022 (1)
October 2022 (1)
September 2022 (2)
August 2022 (2)
June 2022 (2)
May 2022 (1)
April 2022 (1)
March 2022 (1)
February 2022 (1)
January 2022 (2)
November 2021 (5)
October 2021 (2)
August 2021 (2)
July 2021 (2)
June 2021 (2)
May 2021 (2)
April 2021 (1)
March 2021 (1)
February 2021 (5)
January 2021 (3)
December 2020 (4)
November 2020 (4)
October 2020 (5)
September 2020 (4)
August 2020 (5)
July 2020 (4)
June 2020 (4)
May 2020 (4)
April 2020 (5)
March 2020 (4)
February 2020 (5)
January 2020 (4)
December 2019 (3)
November 2019 (5)
October 2019 (4)
September 2019 (4)
August 2019 (5)
July 2019 (4)
June 2019 (4)
May 2019 (5)
April 2019 (4)
March 2019 (5)
February 2019 (3)
January 2019 (6)
December 2018 (3)
November 2018 (5)
October 2018 (3)
September 2018 (3)
August 2018 (5)
July 2018 (4)
June 2018 (2)
May 2018 (2)
April 2018 (4)
March 2018 (4)
February 2018 (4)
January 2018 (4)
December 2017 (4)
November 2017 (4)
October 2017 (2)
September 2017 (1)
August 2017 (5)
July 2017 (3)
June 2017 (4)
May 2017 (5)
April 2017 (4)
March 2017 (5)
February 2017 (5)
January 2017 (4)
December 2016 (5)
November 2016 (4)
October 2016 (4)
September 2016 (5)
August 2016 (4)
July 2016 (4)
June 2016 (5)
May 2016 (4)
April 2016 (5)
March 2016 (4)
February 2016 (4)
January 2016 (4)
December 2015 (5)
November 2015 (4)
October 2015 (4)
September 2015 (3)
August 2015 (2)




OMVIC Blog: Car Buying Tips

Author: Created: Friday, August 14, 2015 RssIcon
By OMVIC Communications on Wednesday, October 20, 2021

For many first-time car-buyers, a used vehicle is often their first entry into the market. However, when buying used, it’s important to understand what a dealer must disclose to you on a bill of sale to protect yourself throughout the car-buying process.

The mandatory disclosure requirement is one of the key pillars of protection offered to Ontario consumers who purchase from an OMVIC-registered dealer and is enforced by OMVIC to keep consumers safe. In fact, in June 2021 OMVIC denied a Toronto man named Sai Lu’s re-entry into the motor vehicle sales profession after he ran an illegal, unlicensed side business buying salvaged cars and falsely disclosing their history. Lu leased them to unsuspecting Uber and Lyft drivers...


By OMVIC Communications on Wednesday, October 20, 2021

Getting a vehicle loan may seem like a simple way to make buying a car more attainable. However, consumers must do their research before taking on a long-term loan to avoid negative equity and protect their personal finances.

What is negative equity? ...


By OMVIC Communications on Wednesday, August 25, 2021

Toronto, ON, Aug. 24, 2021 – A new consumer rights campaign from the Ontario Motor Vehicle Industry Council (OMVIC) is targeting consumers with a focus on millennials buying their first car – a particularly vulnerable group of consumers who have lower awareness of their car-buying rights.
Under the tagline “OMVIC.CA – it’s your free ride to a new ride,” the campaign intends to fill this knowledge gap by reaching millennials on platforms they frequent, like streaming services, social media, and connected television...


By OMVIC Communications on Thursday, August 5, 2021

A pair of young adults were arrested in early July after trying to buy cars with a fake driver’s licence at two Niagara-area dealerships. 

Niagara Regional Police nabbed the two over the weekend of July 10, 2021, after staff at a Welland dealership recognized them from a previous police-issued alert to dealerships. The pair had filled in a car-buying application using the bogus ID. 

The dealership called police and told them the sale would not go through. However, they showed up anyway to try and pick up the car. Police were waiting at the showroom and arrested both when they arrived. The two had targeted another dealership in Niagara Falls with the same scheme... 


By OMVIC Communications on Thursday, July 22, 2021

Only a few clicks separates you from a new car in today’s digital economy. But before rushing to the digital checkout, be sure to familiarize yourself with the unique dynamics and potential risks of online car shopping.

In the past few years, more and more Ontarians have decided to skip showroom visits entirely, opting to buy through online dealers instead – sometimes without even seeing a car first. The reach of the internet has also allowed buyers to look for cars far outside of their hometowns. /p>

This newfound convenience and freedom can come with potential risks. Here are a few tips on how to stay safe when buying..


By OMVIC Communications on Tuesday, July 6, 2021

For first time car buyers, knowing what to expect from the sales experience can help smooth anxieties. Buying a car is often the second most expensive purchase Ontarians make. Buyers should understand what to expect from dealers and salespersons throughout the buying process.

Here are the top five things to expect at a dealership when you’re ready to buy.


By OMVIC Communications on Tuesday, June 22, 2021
With market supply shortages driving automotive prices upwards, entrepreneurs should exercise vigilance when buying a vehicle for work to avoid additional complications for their business.

Compared to other consumers, small business owners are typically more strapped for time when it comes to researching what vehicles to buy...


By OMVIC Communications on Tuesday, June 8, 2021

Today’s young adults are research experts when searching for the cars they want to buy, but parents may still need to help them make the right buying decisions, studies suggest.


By OMVIC Communications on Monday, May 31, 2021

Apart from HST and licensing fees, the price you see in a dealership car ad in Ontario is the maximum price you are expected to pay for your vehicle: not a penny more. It’s the law.

In Ontario, the advertised price of new and used vehicles sold at dealerships must include all fees and charges a dealer will collect once a sale is completed. When examining the price of a car, get a detailed breakdown of all the following fees and charges from the dealer, which should be included in the all-in price.


By OMVIC Communications on Thursday, May 20, 2021

If you suffer a financial loss from a motor vehicle purchase, the Motor Vehicle Dealers Compensation Fund (MVDCF) may provide relief if you meet the eligibility criteria, which includes purchasing from an Ontario Motor Vehicle Industry Council (OMVIC)-registered dealer. As the oldest fund of its kind in Ontario, it has provided much-needed financial relief to many consumers since its inception.


By OMVIC Communications on Friday, April 9, 2021

CarFaxBuying a new or used vehicle can be stressful if you don’t know where to start, but resources and help are available online. Before you sign on the dotted line or step into a dealership for your next car, here are the top 3 ways consumers can ensure a smooth car-buying process.


By OMVIC Communications on Friday, March 19, 2021

With an increase in online shopping and working from home, online scams are more widespread, and consumers must stay informed to protect themselves from fraud. Buying from an OMVIC-registered dealer ensures you’re protected by Ontario’s consumer protection laws and have access to the Motor Vehicle Dealers Compensation Fund.

One example of fraud includes a dealer posting an ad for a non-existent car to gain access to your finances or personal information. As a consumer, asking the right questions and recognizing red flags can save you time and money.

Check out these three tips to better recognize possible signs of a fraudulent car advertisement and ask the right questions to protect yourself when buying a car.


By OMVIC Communications on Friday, February 26, 2021

CarFaxDiscovering a newly purchased vehicle has an unsavoury past can cause major headaches: knowing a vehicle’s history can keep you protected. Finding undisclosed accidents, unpaid liens, unreturned recalls and more can lead to unexpected, expensive payments – or worse – for consumers.

Before signing for your next vehicle, check through a CARFAX Canada Vehicle History Report (VHR) to get the details you need to protect your wallet – and yourself.


By OMVIC Communications on Friday, February 19, 2021

CarFaxA CARFAX Canada Vehicle History Report (VHR)’s registration, service record, and open recall sections tell you about the condition of the car, how it’s been cared for and whether there are any defects associated with the model you are considering.

Shawn Vording, Vice President of Automotive Sales at CARFAX Canada, takes us through all three sections and points out what consumers need to pay attention to.


By OMVIC Communications on Friday, February 12, 2021

CarFaxUnderstanding a vehicle’s history can be challenging, but CARFAX Canada reports offer easy-to-understand icons summarizing the vehicle highlights corresponding with each section in the VHR, including liens, accident damage, branding, service records, open recalls and whether the vehicle has been stolen. The icons make the report easier to understand so you can feel confident in your purchase.

A CARFAX Canada history report offers consumers an overview of a vehicle's condition and value. We've asked Shawn Vording, Vice President of Sales at CARFAX Canada, to guide us through each section, starting with report summary icons, lien check and accident damage.