Bookmark this page: It’s our glossary of automotive terms for car buyers. Anytime you or someone in your circles is in the market for a vehicle, check back here to learn the basics terminology for buying a car or to get a refresher. Buying a car can be exciting but also daunting, so it helps to learn a few words before you start.... Read More.
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.