Buying a new vehicle is an exciting time. Individuals tend to focus on car models, colours, and options when they are in the market for a new car, while often losing sight of the details of the actual agreement.
The Alberta Motor Vehicle Industry Council (AMVIC) functions as a regulatory organization that helps to protect consumer rights by licencing businesses that sell cars. This council educates salespeople and the car industry as whole, ensuring that motor vehicle industry regulations are followed and that individuals can confidently buy vehicles through a proper sales process.
AMVIC was delegated the authority to administer motor vehicle regulations of the Fair Trading Act on September 1, 1999. Its mission is to protect consumers and to raise trust within the industry. As one of the registration requirements, salespeople have to complete a training course on consumer protection legislation. An online database allows anyone to easily verify if a business or salesperson is licenced.
Buying from AMVIC Licenced Businesses
Several advantages exist when purchasing a vehicle from an AMVIC licenced business. Consumers benefit from receiving clear disclosure on financing, the ability to file a compensation fund claim, and the opportunity to receive all-in pricing. AMVIC is readily available for those who have questions, concerns, or complaints with licenced businesses.
Although many businesses are licenced by AMVIC, there are entities selling cars without this licence in place. These businesses are commonly called curbers by industry insiders. Curbers will try to sell vehicles through legitimate looking businesses and private sales. Keep these tips in mind if you suspect that you have encountered a curber:
When Dealing with a Curber
If you have positively identified a curber, be prepared to walk away from the vehicle. These car dealers could be a liability because they aren't regulated. If you insist on continuing business, be sure to:
Buying a Car at an AMVIC Licenced Dealership
Are you ready to purchase a new car at an AMVIC licenced dealership? Our team at Canada Auto Loan can connect you to a local dealership that can give you your best shot at auto loan approval, regardless of the status of your credit.
Just fill out our online application and a member of our team will be in touch with you soon.