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OMVIC Blog: Car Buying Tips

By OMVIC Communications on Friday, October 9, 2020

Vehicle Description

Vehicle purchase agreements or contracts can be confusing. To help you feel more confident, we will look at each contract section and explain the terms, so you can better understand the document you may agree to sign.

This week, we will focus on the Vehicle Description Section, typically found at the top of a car contract. In the graphic below, each term is numbered so it corresponds with the numbered definition below.

By OMVIC Communications on Friday, August 2, 2019

conditions

Recently, OMVIC received this question: “I was planning to buy a used car, but my financing didn’t get approved, can I get my deposit back?"

Let’s assume that the person who wrote this question, signed a contract and the dealer was to arrange financing.

By OMVIC Communications on Wednesday, November 22, 2017
 Black Friday It is commonly held that Black Friday – the day of mega-amazing colossal unbelievable can’t-be-beat blow-out sales signifying the unofficial start of the Christmas shopping season – is so named as it marks the point many retailers turn a profit for the year, going from being “in the red” to being “in the  black.” The more cynical might argue it's consumerism run amuck and a black mark on our society, and perhaps for good reason.

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