Protect yourself. Read these important car-buying tips before you sign!
Friday, January 15, 2016
One 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.
It is important for a consumer to first contact the registered dealer in attempt to work out a reasonable solution. If the issue remains unresolved, the consumer may be eligible to make a claim to the Compensation Fund. For more information please review the Compensation Fund Application Package.
Since its creation in 1986, the Compensation Fund has paid out more than 6 million dollars in compensation to consumers! As the oldest and largest fund of its kind in Canada, the Compensation Fund offers the best protection for vehicle buyers in Ontario. For more information visit omvic.ca
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