Protect yourself. Read these important car-buying tips before you sign!
“I saw a 2003 Chevrolet advertised on Kijiji for $1,500 ‘as is’ or $1,800 certified, so I arranged to meet the seller. The car looked good. It was comfortable - leather seats and power everything, including a sunroof.”
– Anonymous Toronto car buyer
At first glance this car buyer, let’s call her Amanda, found what appeared to be a pretty good deal--at least for an older, used vehicle. However, that ‘pretty good deal’ was in fact ‘too good to be true’. The private seller was actually a ‘curbsider’, an illegal, unlicensed dealer. And the car? Well, it had major mechanical problems.
With today’s modern, tech savvy vehicles - are rolled-back odometers a thing of the past? Or, are roll-backs making a comeback?
Rolled-back odometers are rarely an issue with vehicles sold by OMVIC-Registered Dealers, partially because the consequences can be severe. They could be charged/prosecuted, disciplined and/or lose their licence. And, of course, they have to take back the vehicle and return all monies to the consumer (note: there are time limits for contract rescission). While roll-backs are not a major problem with vehicles sold by dealers, rolled-back odometers are a significant and growing problem amongst vehicles sold by curbsiders and dishonest private sellers.
65 Overlea Blvd.
Toronto ON M4H 1P1