Posts by pwsadmin
Navigating the financial maze: why understanding risks associated with financing is crucial
Financing a vehicle purchase can be an exciting endeavor, but it can also be fraught with risks anduncertainties. Many consumers may overlook critical aspects of vehicle financing that can have long-lasting consequences on their financial health. Financial risks of GAP insuranceGuaranteed Auto Protection (GAP) insurance is designed to cover the difference between the actualcash value…
Read MoreThe importance of knowing the history of a vehicle you are purchasing
Every car carries its own story, a narrative woven through its history of travels, traffic slips, and previous use. For many, the prospect of purchasing a vehicle, whether new or used, is not just about acquiring a mode of transportation but also knowing the vehicle’s past and how it will impact you. Understanding this narrative…
Read MoreBuying a used car? Find out what mandatory disclosures you need to know.
As the scent of freshly sharpened pencils and the promise of new beginnings fill the air, the back-to-school season is upon us once again. For many, this time of year marks more than just a return to classrooms; it’s also a perfect moment to consider purchasing a vehicle, whether it’s for a college-boundstudent or a…
Read MoreCurbsiders: beware and buy from OMVIC registered dealers for protection and peace of mind
Buying a car can be an exciting experience, but it’s crucial to be cautious and informed, especially when dealing with private sellers. Among the many risks associated with private sales, one notable threat is the presence of curbsiders. Curbsiders are individuals who illegally pose as private sellers but are, in fact, unregistered dealers. What is a curbsider? A curbsider…
Read MoreHit the road with confidence! Here’s what you need to know when financing your dream vehicle this summer.
From understanding your credit score to confirming dealer information: Your top tips to stay informed when it comes to financing. Summer is finally here, which means it’s time to plan for fun getaways. Purchasing a vehicle opens the door for endless exploring opportunities. However, there are things you need to know when looking to finance…
Read MoreNot too fast! Here’s what you should know about financing a car before securing your deal for new wheels.
Summer is just around the corner, which means it’s a busy season for car-buying. As eager as you may be to buy a new pair of wheels, you might want to consider taking a moment to understand some of the risks and pitfalls associated with financing a vehicle. Financing your new ride may come with…
Read MoreOMVIC’s Compensation Fund may be there to help consumers at a loss
Consumers may be entitled to compensation for any financial loss during their car-buying journey There are instances where, unfortunately, many consumers find themselves in difficult situations after they have purchased a new or used vehicle. Specifically, financial loss and no one wants to incur this, not even if it’s a temporary one. Thankfully, OMVIC may…
Read MoreDon’t put yourself (and your wallet) at risk.
You’re protected by a compensation fund only if you buy from an OMVIC-registered dealer. Would you like added financial security when buying or leasing a vehicle in Ontario? Then buy from an OMVIC-registered dealer. All consumers have rights under the Motor Vehicle Dealers Act (MVDA) and Consumer Protection Act (CPA) in Ontario, when purchasing a new or used…
Read MorePurchasing a new or used vehicle? It’s important to understand how all-in-price advertising works – it’s the law in Ontario.
However, there are a few “exceptions” to when dealers can add fees Primarily, it’s imperative to understand that all consumers have rights under the Motor Vehicle Dealers Act (MVDA) and Consumer Protection Act (CPA) in Ontario when purchasing a new or used vehicle from an OMVIC-registered dealer. That Facebook Marketplace or Kijiji ad might catch…
Read MoreFrom Driveway to Campsite: How to Prepare Your RV or Trailer for Summer
It’s time to equip your camper for outdoor adventures Many families will soon be hitting the road in a recreational vehicle (RV) or with a trailer in tow in search of a fun getaway or some much-needed summer solitude. Ensure your camper is tuned up and ready to go with these seven tips. Inspect the…
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