Monday, July 7, 2014

Tips on Buying Used Cars in Canada

When buying used cars in Canada, all the same factors apply as when buying a used car anywhere else. In addition, you need to consider a specifically Canadian laws and regulations that might apply, as well as any uniquely Canadian risks that the car might have experienced. One of these is the amount of salt on winter roads in many parts of Canada, which can lead to underbody rust on many used vehicles.

Private or Dealer

    The first choice to make when purchasing a used vehicle in Canada is whether to buy from an individual or a dealer. There are advantages to both approaches. Buying from an individual may mean a better deal, if you're careful, and an individual may be more flexible on price, or be less aware of how much the car is actually worth. A reputable dealer, on the other hand, is more accountable in the event that something goes wrong. Some buyers simply look for the car they have in mind from individuals and dealers and make their decision based on the car rather than on who is selling it. In Ontario, sellers are required to provide a Used Vehicle Information Package to the buyer.

Expenses

    Because of taxes, import duties and other red tape, vehicles tend to be somewhat more expensive in Canada than in the United States. Gasoline is also substantially more expensive, as are auto insurance and licensing. Calculate an affordable budget before buying and be sure to include everything in your calculations: purchase price, interest on a car loan, insurance, gas, maintenance and repairs, registration and parking. If you buy a car that you can't afford, you may soon find yourself selling it at a loss.

Things to Watch For

    When buying a vehicle, keep your eyes open for certain things. Look at the overall condition of the car, and compare it to the odometer reading. If the odometer reading is low, yet the tire treads, brake pads, or U joints show substantial wear, it's possible that someone may have tampered with the odometer. This is illegal and also relatively rare, but it does happen. If you become the victim of this trick, you may end up paying more than the car is worth. Have a good look underneath the body for rust and rot, which might have been caused by exposure to road salt. Always take a car to an experienced mechanic, preferably someone you know, and have him go over it thoroughly before buying it.

Online Car History Research

    Internet technology allows you to search the history on the individual car under consideration; the VIN (vehicle identification number) is required. Check out sites like carfax.com to learn more about the car being looked at.

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