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Changes to AMVIC’s vehicle sales levy, business licensing fee, as well as the rules around the Compensation Fund means AMVIC can better help consumers. AMVIC is funded through business licensing fees, salesperson registration fees and the AMVIC vehicle sales levy. As of April 1, 2024 the AMVIC sales levy per vehicle sold or leased will … Continued

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 … Continued

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 … Continued

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 … Continued

Buying a vehicle can be a daunting task. One way to make this experience less stressful, is by having a firm budget in place before you start shopping for a vehicle. A budget will ensure you don’t get into financial trouble or be swayed to sign a contract that gives you buyer’s remorse. Having a … Continued