If you are looking to purchase a new car, it might be worth considering trading in your current vehicle to use as a down payment. Using your old vehicle as leverage to buy a newer car can be a smart financial move. The key to purchasing the vehicle you want at a reasonable price and getting a fair deal for your trade-in is doing your homework before entering the dealership.How can I trade-in a vehicle?The immediate benefit of a trade-in is that it can bring down the price of your new car when you are buying from a dealer. When trading in your vehicle, the value of your old automobile … [Read more...]
Pricing, rates, and car loan considerations
Are you trying to navigate through the confusing process of buying a car? You may be wondering about the particulars of how a car loan works. It helps to understand the mechanics (pun intended!) of auto loans before applying because you can increase your odds for approval.Car loan quotes from banksFinancing a car through a bank generally requires you to obtain pre-approval for a loan where the bank provides you with a quote and letter of commitment that you take to the dealership. Banks and other financial institutions are great places to get approved for an auto loan if you have good … [Read more...]
Buying a new car: the legal requirements
Buying a new car comes with several legal requirements, which you will have to meet before driving your new vehicle off the car dealership’s lot. These are not very difficult to comply with, but it pays to be informed about what is necessary and ensure you have everything you need when you visit the dealership. Here are the essential requirements of the car buying procedure in Canada. Canadian requirements In all Canadian provinces, there are three essential things you must have before you can complete a car purchase. There is some variation from province to province, but the requirements … [Read more...]
Car buying tips for first-time car buyers
Purchasing your first car can be exciting, but there is a lot to manage. Planning ahead can help make the process much easier—and help ensure you end up with the best car for you. Here are some things to keep in mind as you start shopping for your first car. Buying your first car Shopping for your first car can be intimidating, but there are a few essential tips, tricks, and tools that can help make the process a lot easier. Be realistic about your needs Do you need a car to get to class or work every day, or just for weekend adventures? Evaluate your lifestyle and driving conditions you … [Read more...]
4WD vs. AWD: What’s the Difference?
When buying a car in Canada, you have to expect you’ll be driving it in bad weather for the majority of the year, so you’d be remiss not to pay attention to how much traction is offered in the models you’re considering.Traction is critical because it determines how well your tires grip the road. When all 4 tires spin normally while you're driving, your car moves the way it should without any surprises. Good traction comes in handy during inclement weather, less-than-ideal road conditions, and when your car travels on dirt or gravel roads.Vehicles come in various configurations … [Read more...]
Is Carbon Tax Bad for Canadian Auto-Production?
The implementation of the Carbon tax throughout Canada has the Canucks paying more attention to CO2 emissions by turning to a cleaner way of life - using alternative sources of energy, cleaner fuels, tech that uses less energy or simply biking to work instead of driving (as if Canadians weren’t physical enough). So, by all accounts, it’s having a beneficial effect on people, but does that also go for the automotive industry? Is Carbon tax having a negative impact on the Canadian auto-production? Let’s examine.According to some industry officials, the federal government’s Carbon tax, … [Read more...]
10 Questions to Ask Yourself When Buying a New Car (Infographic)
Buying a car is going to cost you a pretty penny - you can’t escape that no matter how cheap a vehicle you end up purchasing. In fact, the rule is - the cheaper the car, the more it’s going to cost you to maintain it. Never mind if it doesn’t really fulfill your needs and requirements in the way you intend to use it. Therefore, before you buy a car, here are 10 basic questions to answer.We are in Hamilton - visit us … [Read more...]
Reduce Carbon Footprint While Driving
With the Carbon tax officially being implemented in Ontario and the rest of Canada, it’s important for all of us to do what we can do reduce our carbon footprint in all areas of life, starting with driving. There are factors that affect fuel consumption and greenhouse gas (GHG) emissions. For one, when buying a car, you can choose a vehicle with the most fuel-efficient technologies. And then, once on the road, you can make a conscious choice to use fuel-efficient driving techniques. Stick with us to find out more.Before we go on, let’s recap on the Carbon tax. What is it?It’s a … [Read more...]
10 Most Cost-Effective Hybrid Cars
With the Carbon tax now in full effect throughout Canada, people are looking for new ways to minimize their carbon emissions - which was the Government’s intent in the first place. Among other things, this also means that they are changing their requirements and desires when buying cars. Criteria like car dependability and lifespan still play a big role in choosing the vehicle, but overall, we can see a big shift towards electric and hybrid vehicles being purchased more often.If you are looking to buy a car, and your main criterium is how dependable it is, the latest J.D. Power … [Read more...]
How to Avoid Curbsiders
If you are thinking about buying a car, a used one might be a good solution for you if you find yourself without enough money, time and choice in buying. However, before purchasing a used vehicle - or a new one, for that matter - you need to do a lot of homework about both your prospective car and the dealer, so as not to make a very expensive mistake. You need to make sure to avoid curbsiders, here is how you do it.Curbsiders are illegal, unlicensed vehicle dealers that often pose as private sellers, but some operate from small automotive businesses (repair shops, rental companies, … [Read more...]
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