What is the difference between a deposit and a down payment? Let’s break it down: Text from graphic: Deposits vs. down payments Deposits: A deposit is money given to an automotive business to secure a vehicle. It usually means a consumer is interested in buying and wants the vehicle to be put on hold forRead More
2019 – 2020 AMVIC annual report highlights: A quick look of the highlights for the fiscal year (page 2). How AMVIC educated consumers through an updated website, advertisements and Fraud Prevention Month activities (page 7). Find out what were the five most common complaint types submitted to AMVIC’s consumer services department (page 10). Read aboutRead More
Extreme weather events across Alberta this year, including flooding and hail storms, have caused significant damage to property and vehicles. There is a chance that the used-vehicle market could include some weather-damaged or improperly repaired vehicles. If you’re shopping for a vehicle at an automotive business or planning to buy privately, make sure you doRead More
The excitement of buying a new vehicle can sometimes cloud your judgement and make you rush through the process. You may find yourself with a vehicle you truly cannot afford or a vehicle you don’t know enough about. Use the four R’s: read, remind, research and review to keep from rushing through a vehicle purchase.Read More
If you’re considering purchasing a motor vehicle remotely, you can purchase or lease from an AMVIC-licensed business without visiting the automotive business in person. Online sales are allowed, as long as the business has a brick and mortar location. Laws that normally apply to vehicle purchasing in the Consumer Protection Act (CPA) still apply whenRead More
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