Skip to content

Author: AMVIC Communications

March is Fraud Prevention Month

| Consumer bulletins

For Fraud Prevention Month, AMVIC has once again partnered with the Competition Bureau’s Fraud Prevention Forum, acknowledging two decades of collective effort against fraud, with the overarching theme of “20 years of fighting fraud: from then to now.” AMVIC joins other Fraud Prevention Partners to raise awareness on fraud and educate consumers and industry on … Continued

Read More

Financial February: no “cooling off” period

While it is easy to get caught up in the excitement and anticipation of buying a vehicle, it is important to know that in Alberta, there is no “cooling off” period. That means once you sign on the dotted line, the vehicle is yours; you have contractually agreed to buy it. A few extra cautionary … Continued

Read More

All-in advertised pricing is the law

| Industry bulletins

All-in advertised pricing means the advertised price of a vehicle must include ALL fees and charges. This includes freight, pre-delivery inspection/expense, administration and/or documentation fee(s) and levy recoveries. Adding any of these fees on top of an all-in advertised price is illegal. The only fee that can be added to the advertised price is GST … Continued

Read More

Financial February: negative equity

| Consumer bulletins

Do you know what negative equity is? It is when the amount you owe on a vehicle is actually more than the current value of the vehicle. If consumers decide to trade in their vehicle before the current loan is paid off, the debt from that previous loan could carry over to the new vehicle … Continued

Read More