A lien is a claim that a lender places on a vehicle for lending money to the vehicle’s owner. This is normal and perfectly legal. For example, when you take out a car loan from the bank to buy a car, the bank will place a lien on the car as security. If you don’t pay back the money you’ve borrowed, the bank can legally repossess the car.
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If you’re shopping for your next vehicle the Car Buying Tips section is for you. Here you’ll find useful information on items like how much you should spend if you should consider the number of Kilometers, and avoiding problems.
All-in Pricing Has You, the Car Buyer, in Mind
In this blog post, we’ll explain what all-in pricing is, what it includes, and what happens to dealers who don’t follow the law.
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Accident Disclosure When Buying a Used Vehicle
In this blog post, we’ll talk about accident disclosures for used vehicles. When buying a used car, its accident history will affect your decision to buy it or not. This is called accident disclosure and is one of 21 disclosures required by law in Ontario.
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What’s Better: OEM or Extended Warranty for Your Used Vehicle?
Whether you buy a used vehicle from an OEM (an original equipment manufacturer) or independent dealer, you usually have warranty options. In this blog post, I’ll explain some of the issues you should be on the watch for when researching extended warranties.
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6 Tips to Get the Most for Your Trade-In
Do you trade it? How much can you expect to get? The following tips will help you navigate the process of taking your car to a dealer to trade in for your next vehicle.
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Are You Buying a Used Car from a Private Seller? Or a Curbsider?
If you’re in the market for a used car and respond to a classified ad from a private seller, make sure they’re not a curbsider. Curbsiders are people who pose as private sellers, but are actually running a business selling cars.
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Car Buyer Protection Program: The Motor Vehicle Dealers Compensation Fund
In this blog post, we’ll explain the basics about car buyer protection program. This is only available for car purchases made from a registered dealer in Ontario.
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What Is a Certified Used Car?
Buying a certified preowned car (another term for a certified used car) doesn’t mean the vehicle has been “reset to factory specifications.”
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Which Used Car Website Is Best?
Buying a car? You’ll likely check out several used car websites to try to find the best car for you at the best price for your budget.
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How Much of Your Income Should You Spend on Your Vehicle?
General wisdom says you should budget either 10 percent of your take-home pay or 20 percent of your gross pay for your vehicle each year.
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