People once said that buying a used car was buying someone else’s problem, but the huge popularity of leasing has meant that tens of thousands of high-quality used vehicles are coming off lease and being put up for sale every year.
In many cases, these vehicles have had only one driver. Most have been well maintained since the cars have been under manufacturer’s warranty for their entire lives. There are many reasons people are considering buying a used car in Ontario.
You lose a substantial part of your investment in a new car the moment you drive it off the lot. On average, domestic models lose about 50 percent of their resale value during the first three years of their life, while imports lose nearly 50 percent over the first four years.
This rapid loss has everything to do with fashion and little to do with the vehicle’s true worth. Thanks to improved engineering [...]
Finally the freedom to drive where you want, when you want.
Everyone remembers their first car as a milestone in their life. We will help you make sure you have the best experience ever!
Buying your first car must be approached with careful preparation. Follow these tips to help you find a suitable and safe car that fits your wants, needs and your budget.
1. Consider Your Lifestyle
Consider your daily activities when choosing your first car. Do you need a fuel-efficient car for your commute to work? Or lots of backseat space to hold the kids?
2. Make a Budget
The price of the car isn’t the only cost you need to consider. Think about fuel, insurance, parking, and maintenance. Determine a budget and consider payment options that work for you: are you paying [...]
With a little planning and thinking through a few options, you’ll be ready to make a much better decision. Start with a Budget
Decide how much you can afford to pay upfront and what are comfortable monthly payments. Once you know your budget you can narrow your options based on what is affordable. Here is an online financing calculator to help you work through a few options: http://drivetimeontario.ca/financing/
New or Used?
A used vehicle is clearly a more affordable choice and becomes even more desirable once you realize that every “new” car essentially becomes “used” the moment you drive it off the lot.
Private Sale or Dealership?
Dealerships usually offer better peace of mind for some when buying a used vehicle. They have access to a wider range of inventory and dealers like Drivetimeontario.ca service the cars we sell. This is ideal.
Research Your Purchase
Check online and ask around for some recent reviews [...]