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Protect yourself. Read these important car-buying tips before you sign!
Friday, March 16, 2018
With today’s modern, tech savvy vehicles - are rolled-back odometers a thing of the past? Or, are roll-backs making a comeback?
Rolled-back odometers are rarely an issue with vehicles sold by OMVIC-Registered Dealers, partially because the consequences can be severe. They could be charged/prosecuted, disciplined and/or lose their licence. And, of course, they have to take back the vehicle and return all monies to the consumer (note: there are time limits for contract rescission). While roll-backs are not a major problem with vehicles sold by dealers, rolled-back odometers are a significant and growing problem amongst vehicles sold by curbsiders and dishonest private sellers.
So, how does the average Joe detect a rolled-back odometer? Or is this something only a highly-trained mechanic or the police can determine?
If a consumer decides to buy a used vehicle from a private seller, OMVIC recommends purchasing a Used Vehicle Information Package (UVIP) and/or CarProof (CarFAX) report – both may contain historical odometer readings. Consumers should carefully review these reports BEFORE making a decision. If the odometer reading on one of the reports is significantly higher than the current reading, that should be seen as a huge warning.
OMVIC also recommends having a pre-purchase inspection by a trusted mechanic. He/she may uncover unusual wear on the vehicle for the model year and/or odometer reading.
And, as a buyer, you should look for signs of unusual wear including:
Failure by a dealer/salesperson to disclose that a vehicle’s odometer has been rolled-back is grounds for rescission within 90 days of delivery. Consumers who suspect the odometer of the vehicle they have purchased (or plan to purchase) has been rolled-back, should contact OMVIC’s Complaints & Inquiries Team.
To learn more about “how to protect yourself when buying privately”, click here.
Ontario Motor Vehicle Industry Council @omvic_consumers @omvic_official Ontario Motor Vehicle Industry Council www.omvic.ca www.ontario.ca/page/consumer-protection-ontario