OMVIC Contracts and Consumer Rights 2

Question 1

Under OMVIC regulations, which of the following must appear on a vehicle Bill of Sale?

Accepted Answer

The VIN, purchase price, buyer/seller information, and delivery date

Answer

A Bill of Sale must include identifying information for both parties, full vehicle details including VIN, purchase price, trade-in allowance if applicable, and the agreed delivery date.

Question 2

When must a registered dealer provide a copy of the signed purchase contract to the buyer?

Accepted Answer

At the time the contract is signed

Answer

Under the MVDA 2002, dealers must provide a copy of the signed contract to the buyer at the time of signing, not after the fact.

Question 3

OMVIC's all-in pricing rule requires that advertised vehicle prices include:

Accepted Answer

All dealer charges and fees, but excluding government fees such as HST and licensing

Answer

OMVIC's all-in pricing rule requires that advertised prices include all dealer-imposed charges, but government fees such as HST and licensing are excluded.

Question 4

A dealer advertises a vehicle at $25,000 but adds a $500 'documentation fee' at the point of sale. Under OMVIC rules, this is:

Accepted Answer

Prohibited because all dealer fees must be included in the advertised price

Answer

OMVIC's all-in pricing rules prohibit dealers from adding undisclosed fees on top of the advertised price; all dealer charges must be reflected in the advertised amount.

Question 5

A dealer is selling a vehicle previously used as a long-term rental. Under OMVIC disclosure rules, the dealer must:

Accepted Answer

Disclose that the vehicle was previously used as a rental vehicle

Answer

Previous rental use is a material fact that dealers are required to proactively disclose to consumers under OMVIC's disclosure obligations.

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC (Ontario Motor Vehicle Industry Council) Practice Test

OMVIC Contracts and Consumer Rights 2