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Fraud Prevention Month: document accuracy

March 1, 2024 By AMVIC Communications | Industry bulletins

Accurate documents, including a compliant bill of sale, increase transparency and build trust with consumers. Ensuring that the correct information is being recorded on bills of sale and financing applications provided to financial institutions will protect the consumer, your salespeople and business. Automotive businesses have an obligation to create and maintain complete and accurate financial

March is Fraud Prevention Month

March 1, 2024 By AMVIC Communications | Consumer bulletins

For Fraud Prevention Month, AMVIC has once again partnered with the Competition Bureau’s Fraud Prevention Forum, acknowledging two decades of collective effort against fraud, with the overarching theme of “20 years of fighting fraud: from then to now.” AMVIC joins other Fraud Prevention Partners to raise awareness on fraud and educate consumers and industry on

Financial February: no “cooling off” period

Feb. 20, 2024 By AMVIC Communications

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

All-in advertised pricing is the law

Feb. 13, 2024 By AMVIC Communications | 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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