Know Your Ride
Vehicle ads include a wealth of important information about vehicle characteristics and costs, but can also be quite confusing. Although we all moan about the “fine print,” it’s there because the law requires dealers and manufacturers to disclose everything you need to know about vehicle offerings and financing options.
OMVIC is the regulatory and licensing body responsible for enforcing the Motor Vehicle Dealers Act – a statute that regulates dealers while protecting consumers. OMVIC is responsible for maintaining a safe and informed marketplace and also administers a compensation fund that reimburses consumers (under certain circumstances) for problems arising for motor vehicle transactions with registered dealers.
In an effort to assist young people looking for their first vehicle, OMVIC has launched "Know Your Ride" a Secondary School program that teaches Ontario students about the dangers of buying vehicles privately.