When buying a car, there are a lot of things to consider (the dealer’s reputation, the choice and state of the vehicle, etc.) - and there is a simple reason for that. Unless you have unlimited financial means, you won’t be able to just walk into a car dealership and pick a car without considering its price and how you are going to pay for it. That’s why it’s crucial that you be aware of your consumer rights in case something goes wrong with your car purchase. Stick with us to find out what they are. In the Ontario province, you can buy a car in these 3 ways: 1) Buying outright: Using … [Read more...]
5 Tips to Handle Car Financing Successfully (Infographic)
Purchasing a vehicle is the second biggest investment for Canadians, which is why buying a car outright is not something everyone can do. Exploring other options is exhausting - admittedly - but financing or leasing a car is the right choice for you if you don’t have enough cash or savings to pay for it in one clean stroke. No matter if you choose to finance a used car or a new one - you need to make sure the terms are acceptable to you and something you will have no trouble honoring in the future. To help you prepare for the process, we have compiled 5 tips on how to handle financing … [Read more...]
Why Buy from an OMVIC-Certified Dealer?
Buying a car means you will have to fork over a certain - SIGNIFICANT - amount of money either right away (if you are buying outright) or through financing or leasing somewhere down the line. Those are the car financing options in Ontario, Canada and they can be implemented for both new and used vehicles you wish to purchase. Moreover, there are also several ways of financing used vehicles in Canada - through a bank or the dealership where you’re buying the vehicle. Each option has its own pros and cons depending on the size of your income, credit score, savings, etc. With that many options, … [Read more...]
What You Should Know Before Buying a Car
Buying a car is serious business - we can all agree on that. It’s not something you can afford to do on a daily basis, not unless you are well-off and preferably an automotive buff. That is why it’s important to pay attention to all kinds of information when embarking on a quest of this size, which is why we have prepared a list of things you should know before buying a car. Read on! 1) Determine your budget and price range The first - and one of the most important - steps in buying a car is determining how much money you are willing and able to spend. Have in mind that you always … [Read more...]
