STARMETHOLAND SPONSORED OMVIC CONTRIBUTED I JUST SIGNED AN AGREEMENT TO BUY A CAR. CAN I CANCEL THE CONTRACT? n Ontario, there is no cooling-off and conditions are correctly disclosed period when it comes to buying or leasing a car. Although consumers in the province are permitted a cooling-off period when they sign con- tracts for certain purchases outlined in the Consumer Protection Aet - like reparable, salvage or rebuilt), and how it was last classified. 6. Previous use of the vehicle as a daily rental (unless the vehicle has subse- quently been owned by someone oth- er than a dealer). reliability and depreciation. Most importantly, protect yourself by buying from an OMVIC-registered deal- er to ensure you're covered by Ontario's consumer protection laws. Remember buying from a private seller does not pro- vide any consumer protection. on the contract. WHAT MUST BE DISCLOSED IN A CONTRACT? There are six scenarios when a con- sumer who purchased a used vehicle may be eligible to cancel the vehicle contract. These include if a dealer fails to accurately disclose any of the following: 1. The correct model, make, or year of the vehicle. a newly built condo or a gym mem- bership vehicle purchases are final upon signature. Once you sign a vehi- cle contract, that deal is final and legal- ly binding, unless the dealer has failed to make certain specified disclosures. Signing on the dotted line for a new vehicle can be intimidating, and the last thing you want to do is waste your hard-earned money on a car that doesn't meet your needs. Consum- ers shouldn't sign a purchase or lease agreement unless they're sure all terms HOW CAN I PROTECT MYSELF? Buyer's remorse alone is not enough to cancel a vehicle contract, so it's im- OMVIC IS HERE TO HELP Whether you're in the market for a portant to do your homework, read your vehicle, or you've encountered a prob- contract thoroughly and understand ex- 2. The true distance the vehicle has travelled (within lesser of five per actly what you're buying or leasing be- cent or 1,000 kikometres of the cor- reet distance). 3. If the vehicle was previously used as a taxi or limo. fore you sign. Make sure you fully understand the true cost of purchasing a vehicle and factor in insurance, fuel and parking to know whether or not you can afford it. It's also important to research the make and model of the car, to understand its lem with a recent purchase, OMVIC' team of experts is here to help. You can contact OMVIC'S consumer support team free of charge at 1-800-943-6002 or email consumers@omvic.on.ca to get help throughout the process. 4. Previous use of the vehicle as a police or emergency service vehicle. 5. That a vehicle has been branded (ir- This content as funded and approcvd by the advertiser STARMETHOLAND SPONSORED OMVIC CONTRIBUTED I JUST SIGNED AN AGREEMENT TO BUY A CAR. CAN I CANCEL THE CONTRACT? n Ontario, there is no cooling-off and conditions are correctly disclosed period when it comes to buying or leasing a car. Although consumers in the province are permitted a cooling-off period when they sign con- tracts for certain purchases outlined in the Consumer Protection Aet - like reparable, salvage or rebuilt), and how it was last classified. 6. Previous use of the vehicle as a daily rental (unless the vehicle has subse- quently been owned by someone oth- er than a dealer). reliability and depreciation. Most importantly, protect yourself by buying from an OMVIC-registered deal- er to ensure you're covered by Ontario's consumer protection laws. Remember buying from a private seller does not pro- vide any consumer protection. on the contract. WHAT MUST BE DISCLOSED IN A CONTRACT? There are six scenarios when a con- sumer who purchased a used vehicle may be eligible to cancel the vehicle contract. These include if a dealer fails to accurately disclose any of the following: 1. The correct model, make, or year of the vehicle. a newly built condo or a gym mem- bership vehicle purchases are final upon signature. Once you sign a vehi- cle contract, that deal is final and legal- ly binding, unless the dealer has failed to make certain specified disclosures. Signing on the dotted line for a new vehicle can be intimidating, and the last thing you want to do is waste your hard-earned money on a car that doesn't meet your needs. Consum- ers shouldn't sign a purchase or lease agreement unless they're sure all terms HOW CAN I PROTECT MYSELF? Buyer's remorse alone is not enough to cancel a vehicle contract, so it's im- OMVIC IS HERE TO HELP Whether you're in the market for a portant to do your homework, read your vehicle, or you've encountered a prob- contract thoroughly and understand ex- 2. The true distance the vehicle has travelled (within lesser of five per actly what you're buying or leasing be- cent or 1,000 kikometres of the cor- reet distance). 3. If the vehicle was previously used as a taxi or limo. fore you sign. Make sure you fully understand the true cost of purchasing a vehicle and factor in insurance, fuel and parking to know whether or not you can afford it. It's also important to research the make and model of the car, to understand its lem with a recent purchase, OMVIC' team of experts is here to help. You can contact OMVIC'S consumer support team free of charge at 1-800-943-6002 or email consumers@omvic.on.ca to get help throughout the process. 4. Previous use of the vehicle as a police or emergency service vehicle. 5. That a vehicle has been branded (ir- This content as funded and approcvd by the advertiser