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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

When buying used, it’s important to fully understand the vehicle history and not rush into a purchase. Remember, amvic.org has free, reliable information to help you before, during and after your purchase. Research the vehicle Use the VIN (vehicle identification number) to get a vehicle information report to be aware of the number of previous owners and ensure … Continued