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OMVIC Blog: Car Buying Tips

8 Tips For Buying A Car From A Registered Dealer

Apr 8

Written by: OMVIC Communications
Friday, April 8, 2016  RssIcon

 

Before you sign the dotted line

Did you know that when you buy a car from an Ontario-registered dealer, there is no “cooling off” period? Once you sign a contract, sales are FINAL. So, before you sign the dotted line, it’s important to be certain that you have explored all options and are confident in your purchase—a car is a big Investment!

 

8 Tips for Buying from a Registered Dealer

  1. Review and print advertisements—understand All-in Price advertising
  2. Ensure the salesperson understands your needs
  3. Take a thorough test drive
  4. Only pay for optional products you want and believe have value
  5. Used vehicle? Ask for a history report; consider an inspection from a trusted mechanic
  6. Get all conditions in writing on the contract
  7. Get all disclosures and promises in writing on the contract
  8. Carefully read the contract (and loan agreement)

Remember, buying from an Ontario-registered dealer does provide consumer protection, but a signed contract is still FINAL! There is “No Cooling Off Period”.

For more car-buying tips or to learn more about OMVIC visit omvic.ca. 

Copyright OMVIC ©2016

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