What disclosures must Ontario dealers include in contracts?

Ontario's Motor Vehicle Dealers Act (MVDA, 2002), enforced by the Ontario Motor Vehicle Industry Council (OMVIC), mandates that registered dealers provide a comprehensive list of over 22 specific disclosures in writing on the bill of sale or contract. This goes far beyond just accident history and includes crucial details such as whether the vehicle was previously used as a taxi, rental, police, or emergency vehicle, if it has been branded (e.g., salvage, rebuilt, irreparable, flood, fire), or if it has sustained damage exceeding $3,000 that was repaired. Dealers must also disclose any outstanding liens, the vehicle's true odometer reading and any discrepancies, and if there are any outstanding manufacturer recalls.

Furthermore, the contract must clearly itemize the full selling price, including all fees and charges like administration fees, freight, and pre-delivery inspection, ensuring there are no hidden costs. For consumers, these extensive disclosures are paramount as they enable fully informed purchasing decisions, protecting them from unforeseen financial liabilities, safety risks, and potential depreciation in resale value. In the current market, where vehicle history can be complex and transparency is key, these regulations empower buyers to understand the true condition and background of their prospective purchase, fostering trust and fair dealing.