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OMVIC Blog: Car Buying Tips

OMVIC’s New “How-to Roadmap” Helps Consumers Ask the Right Questions When Buying a Car in Ontario!

Nov 18


Friday, November 18, 2016  RssIcon

Introducing OMVIC’s New Interactive Tool!

 

Buying a car can be an emotionally charged experience with long-term financial implications. Smart consumers know a purchase of this importance requires research, knowledge and careful deliberation.

OMVIC’s “Road to Buying a Car in Ontario” infographic was created to help consumers ask the right questions during the car-buying process. Whether buying from an OMVIC-Registered Dealer or a private seller, this step-by-step guide will educate consumers in order to protect themselves and make an informed purchase. Navigating from start to sold, the interactive “how-to roadmap” identifies potential dangerous potholes and the detours consumers can take to ensure their next (or first) car purchase is a safe one.

 

Car-Buying Tips Included in OMVIC’s New Infographic

 sold car

Budget – Consider All Expenses

  • Loan
  • Insurance
  • Fuel
  • Maintenance
  • Parking

Get Educated – Choose the Right Vehicle

  • Prioritize vehicle features to fit current and future needs
  • Consider mileage, warranty and finance rates

Research – Additional Considerations

  • Consult vehicle history (if used)
  • Research vehicle reliability
  • Does the vehicle depreciate rapidly or hold its value well?
  • Determine warranty coverage
For more car-buying tips, navigate through OMVIC’s Infographic

infographic end 

OMVIC Protects Car Buyers in Ontario

As the regulator of motor vehicle sales in Ontario, OMVIC protects consumers and maintains a fair and informed marketplace by:

  • Maintaining strict registration requirements for Ontario’s dealerships and salespeople
  • Regularly inspecting all Ontario dealers (new and used)
  • Providing free conciliation services to consumers
  • Developing/delivering consumer and dealer education/awareness programs
  • Investigating and prosecuting industry non-compliance and illegal sales (curbsiding)
 

Connect with OMVIC on social media!


facebook    Ontario Motor Vehicle Industry Council

twitter@omvic_consumers

instagram   @omvic_official


LinkedIn   Ontario Motor Vehicle Industry Council


omvic www.omvic.ca


cpo  www.ontario.ca/page/consumer-protection-ontario





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