Category: Consumer bulletins

AMVIC receives a high volume of questions and complaints about finance-only sales. Under current regulations, automotive businesses have the right to choose their accepted methods of payment. Similar to retailers who only take certain credit cards or cash for payment, an automotive business may decide to sell vehicles exclusively through their own in-house financing programs. … Continued

If you decide to buy a vehicle privately, make sure you understand the difference between a private seller and an unlicensed seller, which is commonly referred to as a curber. Purchasing a used vehicle from a curber can cause serious issues, should anything go wrong after the sale is complete. What is a curber? How do … Continued

Remember, when you are shopping for a new vehicle, you should be the one who is in control of your purchase. You should never feel rushed or hurried into buying or financing a vehicle. If something doesn’t feel right, you can always walk away from the purchase entirely. AMVIC is noticing a trend of consumer … Continued

AMVIC is once again joining the Competition Bureau, the Royal Canadian Mounted Police and the Canadian Anti-Fraud Centre Fraud Prevention Month campaign — #FPM2026 — educating consumers and industry on how to recognize, reject and report fraud. Fraud can take many forms, and learning to recognize and understand fraud when buying a vehicle will help … Continued

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