Repair Loans – Useful Tools, or a Nuisance?

February 28, 2018


Vehicle repair loans are gaining popularity in Ontario, as are the legal issues and headaches surrounding them.

Repair loans are tools which can be abused by dealers, mechanics and repair lenders. It is therefore vitally important that repair lenders understand the relevant legislation, that automotive lenders understand their rights, and that dealerships/mechanics train their staff to ensure that any type of lending facility is used appropriately and ethically.