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.... Read More.
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.... Read More.
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.... Read More.
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.... Read More.