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Author: AMVIC Communications

March is Fraud Prevention Month

| Consumer bulletins

March is Fraud Prevention Month and AMVIC is once again joining the Fraud Prevention Forum and other partner organizations to raise awareness on fraud, and educate consumers and industry on how to recognize, reject and report fraud. While there is a big focus on fraud prevention this month, it’s important to look out for yourself … Continued

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Financial February: no “cooling off” period

| Consumer bulletins

While it’s easy to get caught up in the excitement and anticipation of buying a vehicle, it’s 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. Here are a few cautionary steps … Continued

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Financial February: negative equity

| Consumer bulletins

Do you know what negative equity is? It’s when the amount you owe on a vehicle is actually more than the current value of the vehicle. If a consumer decides 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

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Website disclaimers and all-in advertised pricing

| Industry bulletins

Does your automotive business have a website with a “disclaimer” at the bottom? Ensure the disclaimer statement aligns with all-in advertised pricing legislation as set out in Section 11(2)(l) of the Automotive Business Regulation (ABR). The ABR, Section 11(2)(l) states that businesses must include “[…] in the advertised price for any vehicle the total cost … Continued

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