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OMVIC All-In Price Advertising and Standards Flashcards

7 cards from real OMVIC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 OMVIC All-In Price Advertising and Standards flashcards as text

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

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

    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.

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

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

    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.

  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:

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

    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.

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

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

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

  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?

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

    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.

  6. If a dealer charges every buyer a $299 'GPS tracking fee' regardless of whether they want it, how should this be handled under OMVIC's all-in price rule?

    Answer: It must be included in the advertised all-in price since all buyers are required to pay it

    Any charge that every buyer is required to pay — regardless of what it covers — must be included in the all-in advertised price.

  7. A dealer's website correctly shows an all-in price of $25,000 for a specific vehicle. At the dealership, the salesperson tells the buyer the price is $26,200 due to 'market adjustment.' Under OMVIC rules:

    Answer: The dealer is in violation — the advertised all-in price is what the consumer should be charged

    Charging more than the advertised all-in price is a direct violation of OMVIC's advertising standards; 'market adjustment' charges are prohibited add-ons.