OMVIC OMVIC All-In Price Advertising and Standards 5

Question 1

A dealer's TV commercial states 'get this car for $999 a month' without displaying the all-in purchase price. Under OMVIC standards:

Accepted Answer

The all-in purchase price must also be clearly displayed when monthly payment advertising is used

Answer

When advertising monthly payments, the all-in purchase price and key financing terms must also be clearly disclosed so consumers can evaluate the total cost.

Question 2

Which of the following actions would constitute a violation of OMVIC's all-in price advertising standard?

Accepted Answer

Charging a $395 'eco fee' that was not included in the advertised all-in price

Answer

Adding any fee such as an 'eco fee' that was not included in the advertised all-in price is a direct violation of OMVIC's advertising standards.

Question 3

An online classified ad by a registered dealer shows a vehicle price of $16,500 but states 'certified separately.' The certification typically costs $600. Under OMVIC rules:

Accepted Answer

If certification is required for purchase, the $600 must be included in the $16,500 all-in price

Answer

If buyers must pay for certification to purchase the vehicle, that cost is a mandatory charge and must be included in the all-in advertised price.

Question 4

A first-time dealer registrant asks about OMVIC's advertising rules. Which statement is the most accurate advice?

Accepted Answer

All-in price advertising rules apply from the moment the dealer is registered and begins advertising

Answer

OMVIC's advertising standards apply to all registered dealers immediately upon registration; there are no grace periods or volume thresholds for compliance.

Question 5

A dealer advertises a lease deal: '$0 down, $299/month' without any other information. Under OMVIC advertising standards for lease promotions, what else must be disclosed?

Accepted Answer

Total lease obligation, residual value, term, and any other material conditions

Answer

OMVIC requires that lease advertisements disclose all material terms including the total lease obligation, residual value, term length, and any conditions to avoid misleading consumers.

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC OMVIC All-In Price Advertising and Standards 5