Federal Vehicle Inspection:
A vehicle checkup that is part of a federal program. This program is for the import of certain vehicles from the USA.
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Finance Agreement:
The terms and conditions for a loan of money to pay for a vehicle.
Finance or Finance Placement Fee:
A negotiable charge by some dealers for a financing service. This service is to secure a vehicle loan with a bank or financing company. This charge must be disclosed prior to the signing of the finance agreement. This charge must be included in the APR (Annual Percentage Rate) calculation.
Financing:
A loan to pay a dealer the full amount of a vehicle purchase. The loan typically includes a down payment and a series of payments at an agreed upon interest rate. The buyer owns the vehicle, and the loan provider holds a lien.
Flood Damaged Vehicle:
A vehicle that has been submerged underwater due to severe weather. These vehicles are Dismantle Only. Harm from submersion is usually internal and may be hard to spot. A vehicle history report can often determine if a vehicle is from a flood affected area.
Foreign Import:
A vehicle previously registered outside Canada, usually in the USA.
Form 1 (Vehicle Import Form):
A document provided by the Canadian Border Services Agency (CBSA). This form is completed for the import of a vehicle into Canada. A Canadian mailing address is required. The inspection centre stamps the document once the vehicle passes inspection. The stamped document must be presented to the…
Freedom of Information and Protection of Privacy Act (FIPPA):
A BC law regarding personal data gathered and held by public bodies. This law aims to hold public bodies accountable for the security of that data. FIPPA gives the public the right to access government held data. FIPPA also bans the unlawful collection, use, and disclosure of personal data by…
Fuel Consumption Ratings:
A ranking of the rate fuel is used. This ranking is relative to the distance traveled. This ranking often does not represent a vehicle's true fuel consumption. The ranking is set by a standard test method called the Federal Test Procedure. The Fuel Consumption Guide offers a comparison of ratings…
Fuel Consumption:
The rate fuel is used by a vehicle relative to the distance it travels. The rate is affected by many factors. These factors include terrain, the driver, and the load the vehicle is carrying.
