Car Buying Tips

Car Buying Tips

On the lookout for a new car or used car? CarHistory’s car buying tips can help.
Buying a car can be incredibly daunting. After all, for most folks it’s the second largest purchase they will make after a home.

Here’s how to get it right.

Working with a licensed car dealer carries fewer risks than going private

If you do go private, be sure to have CarHistory search the new Personal Property Securities Register to ensure there isn’t any money owing on the vehicle. You don’t want to shell out the big bucks only to have your car repossessed.

Go in with a game plan

If you hit the dealership without a list of must-haves, you’re more likely to base your decisions purely on cosmetics. Do you research ahead of time. That means studying manufacturers’ brochures to better understand model variants and technical specifications. Independent reviews can also prove invaluable.

Ask around

Word of mouth can help when you’re next on the hunt for a new car or used car. If you know someone who owns the vehicle you’re interested in, ask them what they think. Plus, you local mechanic’s bound to have an opinion or three.

Do you have a vehicle to trade in?

If so, it’s important to decide this well in advance and build it into your buying strategy. Typically the wholesale price will be lower than a private sale price, but it could save you any number of hassles including bounced cheques from potential buyers.

Going once, going twice, sold!

If you’re going the auction route, be sure to check the mechanics of the vehicle out thoroughly ahead of time. Once you buy, you’re locked in.

Budget, budget, budget

Know what you can afford to spend and stick to it. The shine on your new car or used car will soon be tarnished if you’ve overextended your finances.