Protect yourself. Read these important car-buying tips before you sign!
Dealers in Ontario are required to include the following statement on the contract of any vehicle sold “as is”:
“The motor vehicle sold under this contract is being sold “as-is” and is not represented as being in roadworthy condition, mechanically sound or maintained at any guaranteed level of quality. The vehicle may not be fit for use as a means of transportation and may require substantial repairs at the purchaser’s expense. It may not be possible to register the vehicle to be driven in its current condition.”
Although changes to the safety inspection standards have been implemented, “as is” disclosure obligations remain unaltered. As such, “as is” disclosures must still be made on both contracts and advertisements. In addition, dealers are still responsible to make all mandatory disclosures about the history and condition of the vehicle, in writing, even if the vehicle is being sold “as is.”
65 Overlea Blvd.
Toronto ON M4H 1P1