What is the maximum margin of error a dealer may have for disclosing the distance driven on a vehicle?

The correct answer is based on the guidelines provided by OMVIC regarding the disclosure of a vehicle's distance driven, which is crucial for transparency in automotive sales. Dealers are allowed a margin of error in disclosing the odometer reading to account for potential discrepancies that may occur during the life of the vehicle, such as odometer calibration issues or minor inaccuracies over different monitoring systems.

The maximum allowable margin of error is 5 percent or 1,000 kilometers, whichever is less. This means that if a dealer states that a vehicle has a certain distance driven, they can afford a slight deviation as long as it does not exceed these limits. Thus, this answer reflects accurate compliance with the regulations set forth by OMVIC, promoting fair practices in vehicle sales. Understanding and applying this principle helps ensure that consumers are not misled about the actual usage of the vehicle they are considering for purchase.