Category: 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

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

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

When shopping for your next vehicle, consider what best suits your needs in both vehicle type and price. Are you looking for a larger family vehicle, or are you looking to downsize to a smaller vehicle that is economical on gas? What is your price range? Do you want to lease or buy? If you’re … Continued

First time buyers can sometimes feel overwhelmed with the vehicle purchasing process. With so many different options out there, it’s important not to make any rushed decisions when it comes to buying your first vehicle. If you decide to purchase a vehicle, make sure the automotive business you are dealing with is AMVIC-licensed by looking … Continued