Have you purchased a New or Used car in the last 2 years???? If so please read!!!!
Good Morning everyone,
I'm sharing our recent experience with other fellow members who have purchased a new or used vehicle in the last 2 years.
We did a lot of research on the 2 vehicles which we were interested in purchasing which was great.....However our time would have been better spent researching what a registered dealership is and is not allowed to charge because the dealership scammed us and we had no idea until a few days after the purchase agreement.
In ONT, SK, AB, MB and QC there is a mandated all in one pricing which most people are not aware of. What does that mean well it means that when a vehicle is advertised in a newspaper, autotrader, sticker on the car window it must include all fees to be charged by the dealership. The only exceptions are licensing fees and tax.
If you recently in the last 2 years purchased a new or used vehicle in the provinces mentioned above pull out your sales agreement and have a long hard look.
Since I'm from ONT most of my links will be from OMVIC (Ontario Vehicle sales regulator).
Here is a link to what is included in all in pricing
NOW to give you an example because the wording is not always crystal clear
MSRP (car asking price) let's say the car is $19,000 (that's the advertised price, sticker price etc) this price must include the admin fees, etching ++++etc. The admin fees, etching and such are not to be added on top of the $19K.....hope that makes sense.
https://www.omvic.on.ca/portal/Consu...InPricing.aspx
All-In Pricing Protects Ontario Car Buyers
All-in price advertising is the law! If an OMVIC-Registered Dealer advertises a price for a vehicle (new or used), the Motor Vehicle Dealers Act (MVDA) requires that the price include ALL fees and charges the dealer intends to collect.
Note: HST and licensing do not have to be included in the price if the advertisement clearly and prominently indicates they are not included. Licensing refers to the actual cost of vehicle registration and plates – it cannot include extra fees added by the dealer.
What must be included in an all-in advertised price?
Examples of fees or charges that must be included in an advertised price include:
- Freight
- PDI-PDE (pre-delivery inspection/expense)
- Administration (Admin) fee(s)
- Government levies (air tax, etc.)
- OMVIC fee
- Safety and e-test (unless the ad contains an "Unfit Vehicle" or "As-Is Vehicle" disclosure statement)
Further, if a dealer intends to charge for products or services they have pre-installed on a vehicle, those costs MUST also be included in the advertised price. Examples include:
- Nitrogen/tire protection package
- Warranties
- Security or theft deterrent products/services (etching, etc.)
- Fuel
IMPORTANT NOTE: While dealers must include all fees and charges in an advertised price, these fees and charges must be listed separately and itemized on the bill of sale.
What is an advertisement?
An advertisement is any inducement to buy or lease a vehicle. This would include, but is not limited to ads:
- In print (newspapers, magazines, etc.)
- On the internet (dealer website, online marketplace, etc.)
- On social media
- On radio or TV
- On signs (including those in or on a vehicle)
Here are some links to news stories such as W5 and Gopublic
http://www.ctvnews.ca/2012-apa-w5-us...ation-1.796101
http://www.cbc.ca/news/canada/manito...tion-1.3766739
http://www.cbc.ca/news/canada/manito...tion-1.3774922
http://www.cbc.ca/news/canada/manito...hips-1.3777055
http://www.canadianautoworld.ca/deal...-investigation
http://www.ctvnews.ca/w5/most-new-ca...rvey-1.2300369
If anyone has any questions, I'm happy to help in anyway that I can.
But please share this information with everyone you know because not many people are aware of the all in pricing.
