Toronto, Ontario – A Toronto auto dealer has had its registration revoked, with the Ontario Motor Vehicle Industry Council (OMVIC) advising consumers that, before they purchase a vehicle, they should ensure that their dealers and salespeople are registered.
Registration for Prestige Toys Limited, at 1017 Finch Avenue West in Toronto, is revoked as of December 14, 2009. In Ontario, all motor vehicle dealers and salespeople must be registered under the Motor Vehicle Dealers Act before they can buy, sell or lease vehicles.
Prestige Toys’ registration was revoked after it was found that consumers had been misled regarding the history of vehicles they had purchased, or had been provided with bills of sales that misrepresented the actual purchase price. The dealer filed an appeal, but the order was upheld. The dealer’s officer and director is also not registered under the Motor Vehicle Dealers Act.
Transactions conducted through registered motor vehicle dealers are protected through the Motor Vehicle Dealers Compensation Fund. The fund, which is financed by registered dealers, is available under specific criteria to consumers who may have suffered a financial loss from their transaction.
To verify if a dealer is registered, visit OMVIC.