The Motor Vehicle Dealers Compensation Fund (MVDCF) is available to car buyers who purchase from an OMVIC-registered dealer. It reimburses eligible car buyers who have suffered a proven financial loss related to a vehicle purchase, lease or consignment transaction. This consumer protection program is funded by Ontario’s dealers. If the fund drops below $3 million, dealers must make a payment to cover any shortfall.
If something goes wrong when you buy or lease a vehicle and you are not successful in finding a resolution with a dealer, you may qualify for compensation.
Since its creation on July 1, 1986, the compensation fund has paid out more than $7 million to help car-buyers who have had problems with their car purchases.
You must file an application within two years after an eligible issue has occurred. Are you eligible to receive compensation?
An independent board of trustees consisting of nine members from the public and auto industry, oversee the compensation fund in accordance with the MVDA and ensure that the funds are administered in a fiscally responsible manner.