Buying a Car? Think You Know Your Rights? Test Your Car-Buying IQ!
Are your car-buying smarts stuck in park or are you in the fast lane to vehicle acquisition? OMVIC, Ontario’s vehicle sales regulator, wants you to test your car-buying IQ before making your next vehicle purchase.
“Buying a vehicle can be an emotionally charged experience with significant long-term financial implications,” explained Terry O’Keefe, OMVIC’s Director of Communications, Media Relations and Education. “Smart consumers understand that a purchase of this importance requires research, knowledge and careful deliberation. Because when it comes to vehicle acquisitions, an educated consumer is a protected consumer.”
So to help consumers assess their car-buying smarts, OMVIC introduced a new interactive infographic and online quiz.
Here are a few questions from the quiz to put your car-buying savvy to the test!
1. When you buy a car from a registered dealer, there is a 48-hour “cooling off” period.
2. If a dealer’s advertisement includes a price for a vehicle, you should expect:
a. The dealer is likely to add other fees to the advertised price
b. The advertised price must be all-in; the dealer can only add HST and licensing.
c. There are no rules around dealer advertising; buyers beware!
d. Both a & c
3. When selling a used vehicle, dealers are required to disclose information about the past use, history and condition of the vehicle.
4. Curbsiders are:
a. Private sellers
b. Unlicensed dealers
d. Another name for a registered dealer
5. If you have a problem with a vehicle you bought from a private seller:
a. You can contact OMVIC for assistance
b. You’re protected by numerous Ontario consumer protection laws
c. You’re on your own
d. Both a & b
6. If you have a problem with a vehicle purchased from dealer:
a. You can contact OMVIC for assistance
b. You’re on your own — there are no consumer protection laws for retail automotive sales
c. You can submit a claim to the Ontario Ministry of Transportation
d. You can have your MPP intervene
So how’d you do?
Question 1 (Answer: False)
When buying a car there is no “cooling–off” period. So, don’t sign a contract unless you’re certain you want to complete the transaction.
Question 2 (Answer: B)
Dealers must include all fees and charges they intend to collect in the advertised price. Examples of fees or charges include: Freight, PDI-PDE (pre-delivery inspection/expense), Administration fee, Government levies (air tax, etc.) and OMVIC fee ($10).
Question 3 (Answer: True)
By law, dealers are required to provide in writing 22 specific disclosures. They include: previous use as a daily rental (unless subsequently owned by someone other than a dealer), previous registration in another province/state, required repairs to major components and the true distance the vehicle has travelled. Additionally, dealers must disclose all material facts about the vehicles they sell.
Question 4 (Answer: B)
Curbsiders are illegal, unlicensed dealers who often pose as private sellers. They often misrepresent the vehicles they sell: many are previous write-offs with undisclosed accident-repairs or are odometer-tampered.
Question 5 (Answer: C)
OMVIC regulates dealers and salespeople. There are no consumer protection laws for private vehicle sales. If something goes wrong with a private transaction, you’re on your own with little recourse other than to sue civilly.
Question 6 (Answer: A)
OMVIC has a Complaints and Inquiries Team who may be able to assist should a problem arise with a dealer. For assistance, or to file a complaint, contact OMVIC at 1-800-943-6002 ext. 3942. This service is FREE to Ontarians. A free translation service is also available in over 150 languages.
Whether consumers choose to buy from a registered dealer or privately, OMVIC provides significant resources and services to inform and assist Ontario’s car buyers. To take the rest of the car-buying quiz, or to view the “Road to Buying a Car in Ontario” infographic, visit omvic.ca.