What is the Compensation Fund?
The Fund reimburses eligible consumers who have suffered a proven pecuniary or out of pocket loss related to a vehicle purchase or lease transaction. You can only make a claim to the Fund if you dealt with a registered dealer at the time of the transaction. Buying a vehicle privately or from an unregistered dealer means you aren’t eligible for the protection of the Fund. An independent Board of Trustees consisting of nine members from the public and industry review claims and make decisions about compensation for eligible claimants based on the Motor Vehicle Dealers Act, 2002 and Regulations (or its predecessor legislation).
