weird extra fees.

[oppiee]

I was at a hyundai dealer in Toronto Ontario getting some estimates for the 09 genesis. Curious, do you guys know if the OMVIC and global I fees are legitimate or is it BS.

Thanks!

Cheers,

 

[dataguy]

Thanks to Google, I've divined that the OMVIC fee is $5 CAD per vehicle sale that the dealer pays to the Ontario Motor Vehicle Industry Council, something of a dealer association and watchdog. They say the dealer can choose to eat the fee, but since it's only $5, they don't think many buyers will make a big deal of it.

The Global-i thing seems to be an supplemental insurance/serial number marking on the car. Basically, you pay some amount of money, and if your car is ever stolen and is declared a complete loss, then you get something on the order of $4K toward a new vehicle at the dealer you purchased it from. It's totally separate from the insurance payout. But I read that it's hard to meet the conditions for the payout, and if the car is recovered and not a total loss, the payout is probably less or about the same as you pay for the policy. It sounds like it's one of those things dealers add for markup that most people just go along with, but it's not mandatory.

 

[mcconh]

The $5.00 OMVIC Fee is legitimate.
The Global I fee ($200.00 - $500.00) is a dealer add on that is almost pure profit and can be declined.