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Financial February: budgeting tips

| Consumer bulletins

February is the month for falling in love! Before you fall in love with your next vehicle, AMVIC wants you to keep in mind the financial costs of buying and owning a vehicle. After you know what kind of vehicle you are looking for, set a reasonable budget by looking at the total price of

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AMVIC cancels Festival City Finance’s business licence due to alleged unpaid liens

| Consumer bulletins

AMVIC cancelled the business licence of Festival City Finance (1987518 Alberta Ltd.) on Feb. 3, 2020 due to concerns over numerous consumer complaints and business practices that placed consumers at financial risk. One salesperson working for the business has also had their salesperson registration cancelled. Festival City Finance’s business licence was suspended on Nov. 19,

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Even on Boxing Day, a deposit is a commitment to buy

| Consumer bulletins

Boxing Day vehicle ads might have you rushing to put down a deposit to snag a deal, but do you know there is “no cooling off” period in Alberta? This means if you make a deposit for a vehicle, unless it is specified as a refundable deposit, you have just committed to buy that vehicle.

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Don’t let the curber steal your holidays

| Consumer bulletins

The holiday season is upon us and some of us may be looking to get a deal on a vehicle for ourselves or as a gift for someone else. More and more people are looking online to not only research available vehicles, but also to buy it outright without seeing the vehicle in person first.

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