For dealerships that offer both new and used vehicles, these offers can coincide with deals on used cars as well. This may be true in some cases, but results will definitely vary by dealership and salesperson. Buying a car at the end of the day can sometimes come with its advantages. Regardless of the time of day you go into a car dealership, be sure to have done your research on the cars that are on the lot. Give yourself and the salesperson enough time to test drive the car s , ask for details, and discuss finances.
How to Get a Good Deal on a Used Car
Visiting a car dealership towards the end of the day could work to your advantage as the salesperson may be more expedient, but be sure not to push it too much as you may not get the attention you deserve if you roll onto the lot five minutes before closing time. In general, the best months for buying a used car in Ontario are:. Keep in mind that not every dealership will be offering special sales at the end of the year. Another typically good time to buy new and used vehicles is at the end of a quarter or the fiscal year.
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The four fiscal quarters for Canadian businesses usually end in March, June, September, and December. This means that car dealerships might be particularly focused on meeting sales goals as these months draw to a close, and both new and used automobiles leave lots at a faster pace. September is often the end of the fiscal year, and some research shows August car sales tend to carry lower transaction values , even though discounts on SUVs and luxury vehicles are better in December.
By the time December rolls around, the average amount people pay for cars tends to go up, but TrueCar attributes this to the fact that people are buying more expensive, luxury vehicles with the discounts that are offered near the end of the year. Even if you choose not to wait until the end of a fiscal quarter or year, you can still take advantage of special annual promotions. You can focus on sales during holidays and long weekends to get some extra bang for your buck throughout the rest of the year. Car manufacturers often offer monthly special offers, such as:.
Long weekends can prove to be some of the best times to buy new and used cars, too. Automakers carefully plan their annual marketing schedule for car sales, and usually offer special deals to coincide with holiday weekends like Canada Day, Thanksgiving, Family Day, and so on. It may be worth carving out a few hours on a precious long weekend to take advantage of a worthy deal on the car that you know you want. During periods of high sales caused by good deals, many people bring in their used cars for trade-ins, which can leave a surplus of previously owned vehicles in dealership lots.
Regardless of how much a vehicle costs, the used version is very likely going to be a much better deal, as long as everything is still in good working order. First, get an idea of what features best suit you and your lifestyle. Ask yourself these questions:. It is illegal to drive without insurance, and there are no exceptions to this rule in Ontario. You need insurance to drive it off the lot, after all.
Having an online insurance solution can help the process of taking home your newly purchased used car home. Before buying a car, contact a few insurance companies to see what they think the best cars are to insure and to also get a few different quotes to see which provider offers the most for the best price. Not many insurance companies offer definitive discounts for hybrid or electric cars at the moment, but the industry is expected to do so in the near future— similarly to how winter tire discounts became standard in Ontario.
When shopping for car insurance for your hybrid vehicle, you may find that insurance premiums to be either the same or slightly more expensive. Hybrid vehicles themselves are more expensive and more costly to repair or replace than equivalent vehicles running on standard fuel.
One of the main components of a hybrid car is the battery, which is also the most expensive component that could be susceptible to damage in the case of a collision. There are several things that insurance companies look for when considering safety ratings in a small vs. Vehicle size plays an important factor here because large vehicles like SUVs and minivans, have more vehicle to protect you and are built higher off the ground.
This makes it easier for you, the driver, to see any potential dangers and for other drivers to see you. Insurers also look for safety features that are built into the vehicle, such as:. Every year car manufacturers come out with even better safety technology for their models that help assist drivers and keep them safe on the road. Considering these features when buying a car will definitely help keep your insurance rate within budget. Looking into what the vehicle is designed for, whether that be with comfort in mind or horsepower, this will often give you a good idea of what the safety rating for that vehicle has.
One of the best tips for buying a used car is to do your research by shopping around. Most people dread high-pressure sales at dealerships, but you can put pressure on salespeople too! For more information on how to compare cars, there are a number of online tools that allow you to enter information on each vehicle to help break down the advantages of each. You should compare cars side by side when it comes to insurance costs too. However, understanding how insurers approach the pricing of their policies should provide you with the tools to shop more effectively.
You can find older versions as well as the most recent addition, Lemon-Aid New and Used Cars and Trucks — , online in both hard copy and digital formats.
When is the best time to buy a car?
The Lemon-Aid guide makes buying a car accessible to those of us who just want well-built vehicles. Buying a copy of this book could save thousands of dollars in repairs and maintenance down the road. Researching car dealership ratings and reviews will help you determine the best places and sites to visit in your hunt for a used vehicle. H elpful sites include dealerrater.
You can skip the traditional dealership altogether and purchase from a reputable used car website like AutoTrader. If you can buy car insurance online , why not buy a used car online too? You also need to show proof of car insurance when a vehicle is transferred to you, so buying car insurance online and ahead of time can put you a step ahead.
This gives you more confidence when buying, and will let you avoid paying for unexpected expenses to have the vehicle brought up to safety standard. A Safety Standard Certificate is also a requirement when transferring car ownership in Ontario in order to get your registration and license plates. It serves as proof that a used car met minimum safety requirements when it was examined at an MTO licensed inspection station.
In addition to making sure everything is safe and in working order, does the car feel comfortable and intuitive to use? Keep that info on-hand as you inspect the vehicle. You can read about cars with the best safety ratings right here to narrow your search right away. Many sites offer both free VIN checks and more detailed vehicle history reports for a fee.
You can also use:. With any paid or free vehicle history report , make sure to read the fine print. Even if an inspection determines that a used car has a clean bill of health, car mileage is another potential source of wear and tear on a car over time. For example, the distance you commute to work every day is taken into account by insurance providers when they calculate your auto quote.
Tampering with an odometer is illegal because the odometer reading needs to provide an accurate record of the total distance a car has traveled since it was manufactured. Many cars can remain in good condition with high mileage with proper maintenance. Understanding how to check tire tread is all about reading the depth, or how much tread tires still have left.
There are tire tread depth gauges that you can buy for a few dollars. However, not all rusted parts of a car are equally concerning. Ride Time recommends also inspecting:. When checking for rust on a car you should also keep your eyes peeled for signs that rust damage has been repainted without repair. The seller should disclose if rusted parts of the car were repaired and painted over.
The Best Way to Check out a Used Car Before Buying It - wikiHow
Look for paint bubbling that occurs when rust has been painted over, also look for varying thickness and opaqueness of paint, which are signs of painted over rust on a car. A used car should come with its very own mini car jack. Speaking of emergency repair equipment, your used car should come equipped with a spare tire as well.
Bring along someone experienced!
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Y ou can also ask your favourite mechanic to inspect the vehicle too. Another indication is any accumulated oil present around the valve cover of the engine. A mechanic can hoist the vehicle up to inspect all the parts of a used car that are prone to leakage.
A trusted technician should especially check for cracks in the belts of used cars. Of the four, private-party cars will typically have the lowest selling price. CPO cars will usually cost the most , but for the reasons we've noted. To see what other people are paying for the models you've picked out, Edmunds offers a quick way to see the average price paid for the car in your area. One easy place to start building your target list is the Edmunds used car inventory page. To find exactly the car you want, you can filter your search by many factors, including the miles on the car's odometer, its price and features, and dealer's distance from you.
Use the websites for other used-car marketplaces mentioned to save time. Unless you're buying the car from a close friend or family member who can vouch for its history, plan to get a vehicle history report. This early step is essential. If the car you're looking at has a bad history report, the sooner you know the better.
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AutoCheck and Carfax are the two best-known sources for vehicle history reports. These reports can reveal vital information about the car, including whether the odometer has been rolled back or if it has a salvage title, which means it has been declared a total loss by the insurance company. You'll use the car's vehicle identification number VIN to get this information, and in some cases, all you need is the license plate number. Carfax reports are more expensive, but they tend to have more detailed information.
Most major dealers offer these reports for free if they have the vehicle in their inventory. Once you find a good prospective car, don't run out to see it. Call the seller first.