Protect yourself. Read these important car-buying tips before you sign!
The UVIP’s final two sections are critical: they indicate whether a lender could repossess your newly bought car. They lay out the final details to transfer the seller’s car into your possession.
The UVIP’s fourth section shows whether the car you want to buy has a lien on it. If a car has a lien, it means the car’s owner has not paid the lender what he owes for the vehicle.
What does this mean for you? If the lienholder still has an interest in the vehicle, they could repossess it.
The fifth section holds the bill of sale which you and the seller sign before taking it to Service Ontario. They will register the car in your name.
Remember: if you buy a car privately, the seller must provide you with the UVIP. It is your responsibility to check for inaccuracies.
Recently, OMVIC received this question:
“I’m considering buying a used sedan. It is two years old and has 20,000 km on it. Unfortunately, the OMVIC-Registered Dealer is not willing to show a CarFax report. My question is, “Is the dealer required by OMVIC to show a CarFax report?”
Instead, dealers are required to make 22 mandatory disclosure requirements related to a vehicle’s past use, history and condition, including accident repairs greater than $3,000 and the true distance a vehicle has travelled, but there is nothing in the Motor Vehicle Dealer’s Act (MVDA) that requires them to provide a history report like CARFAX Canada or AutoCheck (note: AutoCheck is only available to dealers).
Jack-o-lantern flames gutter in a chill wind. Discordant music echoes from once serene suburban houses. Lights strobe disorientatingly. Macabre figures adorn once neatly pruned trees. Grave markers appear with eerie and disturbingly piled leaves on lawns that were just yesterday pristine. Eyes narrow….senses heighten. Ah yes…Halloween. A time for fear….and fun. The little kids get 2 hours of costumed candy collection; and the bigger kids (i.e. most of us) break out our favourite horror films. So many of us love to get scared. There’s a visceral reaction to it – it awakens our primal “fight or flight” response.
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