The Ontario Motor Vehicle Industry Council licenses and regulates motor vehicle dealers in Ontario and administers the Motor Vehicle Dealers Act (MVDA) on behalf of the Minister of Consumer Services. Their goal is to maintain a fair, safe and informed marketplace by ensuring the registration of dealers and salespeople, inspecting dealerships, maintaining a complaint line for consumers, conducting investigations and enforcing the Act and its associated rules and regulations. Registration with OMVIC is mandatory for Ontario’s motor vehicle dealers and salespersons. OMVIC was created on … [Read more...]
What Are Your Rights When Buying a Used Car?
When buying a car, there are a lot of things to consider (the dealer’s reputation, the choice and state of the vehicle, etc.) - and there is a simple reason for that. Unless you have unlimited financial means, you won’t be able to just walk into a car dealership and pick a car without considering its price and how you are going to pay for it. That’s why it’s crucial that you be aware of your consumer rights in case something goes wrong with your car purchase. Stick with us to find out what they are. In the Ontario province, you can buy a car in these 3 ways: 1) Buying outright: Using … [Read more...]
5 Tips to Handle Car Financing Successfully (Infographic)
Purchasing a vehicle is the second biggest investment for Canadians, which is why buying a car outright is not something everyone can do. Exploring other options is exhausting - admittedly - but financing or leasing a car is the right choice for you if you don’t have enough cash or savings to pay for it in one clean stroke. No matter if you choose to finance a used car or a new one - you need to make sure the terms are acceptable to you and something you will have no trouble honoring in the future. To help you prepare for the process, we have compiled 5 tips on how to handle financing … [Read more...]
What You Should Know Before Buying a Car
Buying a car is serious business - we can all agree on that. It’s not something you can afford to do on a daily basis, not unless you are well-off and preferably an automotive buff. That is why it’s important to pay attention to all kinds of information when embarking on a quest of this size, which is why we have prepared a list of things you should know before buying a car. Read on! 1) Determine your budget and price range The first - and one of the most important - steps in buying a car is determining how much money you are willing and able to spend. Have in mind that you always … [Read more...]
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