2018: Car-Buying Resolutions
Lose weight. Exercise more. Eat healthier. Spend more time with family. Spend less time with family. Get organized. Be kinder to yourself. Be more determined. Ah yes, New Year’s resolutions. Surveys suggest 30 to 40 percent of us make them — a desire for self-improvement…an inspiration. Unfortunately, those same surveys demonstrate the vast majority of those who make one, fail to see it through.
But what if one simple resolution could potentially save you money, lessen anxiety, expand your knowledge and help protect you? Is that one you’d keep? Well, if a vehicle purchase is on the horizon in 2018, educating yourself and learning your car-buying “rights” is a resolution you should make — and it will probably only take about an hour to keep.
OMVIC, Ontario’s vehicle sales regulator,has long promoted that knowledge is power and that an educated consumer is a protected consumer. And yet many car buyers, even those who have bought dozens of vehicles throughout their lives, are woefully miss or uninformed. For example: “Only 15 per cent of Ontarians know that there is no cooling-off period when buying a car,” explained John Carmichael, OMVIC’s CEO. “Which is why contract cancellation disputes are common complaints OMVIC is asked to mediate.” But while there may not be a mandated cooling- off period, Ontario’s consumer protection laws DO mandate other very significant car-buying “rights” that any car-shopper should resolve to know.