Dive into the OMVIC Practice Test and test your knowledge on laws, regulations, and ethical practices in the automotive industry. Perfect for aspiring dealers and salespersons to validate their expertise!

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When is a Used Vehicle Information Package (UVIP) not required?

  1. Dealer sales

  2. Private sales

  3. Consignment sales

  4. Transactions over $10,000

The correct answer is: Dealer sales

A Used Vehicle Information Package (UVIP) is a document that provides important information about the history of a used vehicle in Ontario, Canada. This includes details such as the vehicle's registration history, accident or damage reports, and any outstanding liens. Generally, a UVIP is required for all types of vehicle sales in Ontario, including dealer sales, private sales, consignment sales, and transactions over $10,000. However, there are certain situations where a UVIP is not required. One of these situations is dealer sales, as the Ontario Motor Vehicle Industry Council (OMVIC) requires dealers to provide their own disclosure statements to buyers. This means that if you are purchasing a vehicle from a registered dealer, you will not need to obtain a UVIP separately. Private sales, consignment sales, and transactions over $10,000 still require a UVIP, so it is important to