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

Only the sale price and vehicle make/model

Answer

Just the buyer's name and total cost including taxes

Answer

The vehicle colour, price, and salesperson's name only

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

Within 5 business days of the sale

Answer

Before the vehicle is delivered to the buyer

Answer

After financing is approved by the lender

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

All charges including HST and licensing fees

Answer

Only the base MSRP of the vehicle

Answer

The price plus a standard dealer administration fee only

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

Permitted if the fee is disclosed before signing the contract

Answer

Permitted because documentation fees are a standard industry practice

Answer

Permitted if the total fee is under $1,000

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

Disclose this only if the consumer specifically asks about prior use

Answer

Not disclose this as rental history is not a material fact

Answer

Only disclose the total kilometres driven during the rental period

Question 6

Under the MVDA 2002, a contract for the purchase of a motor vehicle becomes legally binding when:

Accepted Answer

Both the buyer and an authorized dealer representative sign the contract

Answer

The buyer pays the deposit to the dealer

Answer

The vehicle is delivered to the buyer's possession

Answer

Financing is approved by the lending institution

Question 7

If a dealer fails to disclose that a vehicle was previously used as a police or emergency vehicle, this is considered:

Accepted Answer

A misrepresentation or failure to disclose a material fact

Answer

Acceptable if the vehicle passes a safety standards certificate

Answer

A minor regulatory infraction subject to a small administrative fine

Answer

Only a concern if the buyer discovers this and formally objects within 30 days