Buying a car can be one of the most stressful purchases one makes in their life. Once you’ve chosen the car you want to buy, the salesman often whisks you into a closed off room where you are bombarded by extra fees, warrantees additions, it often can leave you dizzy.
Driving.com has just released a report that shows that you should be nervous, and should be very diligent when buying a car. The popular driving website reported that a ‘mystery shopper’ exercise carried out by Ontario’s car dealership regular suggests more than half of new or used car dealers in the GTA are illegally adding fees to their advertised price.
Since 2010, it’s been the law that all dealerships in Ontario have to honour “all-in price advertising” regulations, which means that the advertised price od a new or used vehicle must include all fees and charges except for HST and licensing.
Recently through an undercover mystery shopper, the Ontario Motor Vehicle Industry Council went to 50 new car dealers in the GTA and found that 29 of them tried to add on fees that were not advertised.
The research also showed that less than half of Ontario car-buyers even know about the all-in pricing regulations.
Just remember that if you are buying a car, fees have to be included in the advertised price of a vehicle including freight, pre-delivery inspection; administration fees; and warranties.