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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

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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

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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

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Financial February: choose the vehicle that’s right for you

| Consumer bulletins

When shopping for your next vehicle, consider what best suits your needs. Are you looking for a family vehicle large enough to haul all of that hockey equipment around? Or are you looking to downsize to a smaller vehicle that is economical on gas? Consider a few questions before you start shopping: It is important

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Plan your off-site sales event

| Industry bulletins

Is your business holding an off-site sales event? Don’t forget to let AMVIC know and double check your advertising to ensure it’s compliant. Submit your form At least three weeks before the event takes place, advise AMVIC about your event by submitting an on/off-site sales request form, available on amvic.org. Remember, even if you are

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