In an unpredictable vehicle market where inventory is moving fast, it’s more important than ever for you as the consumer to read and understand the bill of sale when buying a vehicle.
All-in advertised pricing is the law in Alberta. That means the advertised price of a vehicle must include all fees and charges the seller intends to charge, except for GST and any costs or charges associated with financing. Be on the look out for any extra fees added to the advertised price by comparing the advertised price to the price on the bill of sale.
As a consumer, you should never be forced to agree to extra fees, additional equipment or services. Sometimes an extra fee is called a “market adjustment fee” or may be added on as part of a “seasonal package.”
When it comes to negotiating for something that was not already included in the all-in advertised price of the vehicle, they must be negotiated as additional items. Each extra item must be accurately and individually listed on the bill of sale. For example, the bill of sale could list “four all-season tires: $600” as an addition to the all-in total price of the vehicle.
Remember, the bill of sale is the formal agreement to purchase the vehicle. Be sure to read it carefully and understand it before signing. If you’re unsure what should be included, print or screen capture the bill of sale checklist on amvic.org to take with you when shopping. Other documents created during the negotiation process such as worksheets, in-house deposit agreements, deposit receipts and more are not a bill of sale.
All automotive businesses are required to follow the general codes of conduct. These codes of conduct are legal requirements in Alberta.
Visit amvic.org for free, easy to use consumer guides.