Category: Consumer bulletins

Do you know what negative equity is? Negative equity on a vehicle means you owe more on a loan than what the car is worth. 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 as part of … Continued

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. Take these cautionary steps before you … Continued

Thinking of buying a vehicle this year? Whether you’re looking to buy new or used, it’s important you know your rights as a consumer and any red flags to watch for when vehicle shopping. Beware of curbers If you decide to buy a vehicle, make sure the automotive business you’re dealing with is AMVIC-licensed by … Continued

Thinking of buying a used vehicle, but not sure where to start? Before you go shopping, visit amvic.org for free, reliable information before and during your purchase. Before: research the vehicle Use the VIN (vehicle identification number) to: During: use AMVIC’s consumer guide Check out AMVIC’s used vehicle consumer guide to walk you through the purchase … Continued

AMVIC often sees automotive businesses trying to add extra fees to a vehicle sale. If you’re a consumer, this can happen when you’re ordering a vehicle or when you’re walking into an automotive business and picking from their current inventory. All-in advertised pricing is the law. In Alberta, all-in advertised pricing is the law. This … Continued