Learn about vehicle trade-ins

When a car-buyer trades in a used vehicle as part of the transaction for a newer one, it’s important for both the car-buyer and the dealer to know the regulations. OMVIC has developed a guideline to provide a framework for understanding and complying with these requirements.

What does this guideline contain?

This guideline details the trade-in requirements for:

• deposits
• disclosures
• records
• marketing

OMVIC will be hosting two webinars to address any questions or comments dealers or salespersons may have.

For the Monday, October 16^th webinar session, register here.

For the Monday, October 30^th webinar session, register here.

Note: This information was created to assist dealers/salespeople and is not a legal document. Registrants are encouraged to obtain independent legal advice.

Questions?

The dealer support team is available to assist dealers in achieving and maintaining compliance with the Motor Vehicle Dealers Act (MVDA). Please contact dealer support at [email protected] or by calling 1-800-943-6002 and leave a message if you have any questions or concerns. Messages are returned in a priority sequence.