Protect yourself. Read these important car-buying tips before you sign!
Friday, December 4, 2015
It’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? Before looking at a car, get educated. Do your research to protect yourself. Here are some tips for buying a car privately in Ontario.
When selling a vehicle privately, the seller must provide a Used Vehicle Information Package (UVIP) to the purchaser. This package will contain:
It is important to take the vehicle on a thorough test drive—don’t just take it around the block, take it on the highway to establish if there are any issues when driving at higher speeds.
History reports are a great tool. They often contain vital information including:
Carfax and Carproof are the two history reports available to consumers and both reports are available online. Recently CTV Consumer Alert’s Pat Foran aired a story outlining the valuable information these reports provide. Click here to watch.
A mechanical inspection can help to identify problems or issues that the seller hasn’t disclosed, or may not even know about. So, take the vehicle to get inspected as the results could influence your decision to buy or lead to a re-negotiation of the price.
Curbsiders are illegal, unlicensed dealers who pose as private sellers and cause a serious threat to consumers - so when purchasing a vehicle privately, be certain that you turn on your Creepometer.
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.
For more car buying tips visit www.omvic.on.
65 Overlea Blvd.
Toronto ON M4H 1P1