Things To Know Before Getting A Car Loan
For an effective auto buy, you must get a few things right: pick the correct auto, get a decent cost, and reserve the buy in
Mendes Toyota Scion is a car dealership serving Ottawa community.
OMVIC-Registered Dealers: Who They Are and How to Find Them!
Regulated Professionals
All dealers (new and used) and all salespeople are licensed by OMVIC and bound by the Motor Vehicle Dealers Act and OMVIC’s Code of Ethics.
Certified in Automotive Law and Ethics, Designation — C.A.L.E.
In order to be eligible for OMVIC registration, dealers and salespeople undergo background checks and must successfully complete and pass a course in automotive law and ethics. This course teaches and explains the key pieces of legislation governing the retail automotive industry including the Motor Vehicle Dealers Act and the Consumer Protection Act.
Having a C.A.L.E. designation helps to improve industry professionalism and maintains a fair and informed marketplace. It also demonstrates to consumers that dealers and salespeople are proven professionals who have met training standards.
Note: Dealers or salespeople who were registered prior to 1999 (when the Certification Course was introduced) have not earned the C.A.L.E. designation unless they have subsequently completed the Course.
Why Buy from a Registered Dealer? Greater Consumer Protection
Consumers who buy from an OMVIC-Registered Dealer have a right to:
- All-in price advertising
- Full disclosure of vehicle history and condition
- Cancellation rights (for specified non-disclosures)
- Access to Motor Vehicle Dealers Compensation Fund
Remember: these consumer protections do not apply to private sales.
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Do I Need A Deposit For My Car Loan?
In case you’re thinking about an auto advance to pay for your next auto, you might consider the amount of a store you may require
How Long Does the Negative Information Stay On My Credit Report?
The time allotment data remains on your credit report relies upon what is being accounted for and whether the data is sure, impartial, or negative.
IF YOU WISH TO GET PRE-APPROVED ON A CAR LOAN FOR YOUR DREAM VEHICLE IN Ottawa CLICK ON THE APPLY NOW BUTTON
Toronto Car Loans is not affiliated with Mendes Toyota Scion. This page is solely for information purposes. If you own this business and wish to update your listing feel free to contact us.
