Buying a New Car – Canadian New Car Buying Guide
Shopping for a new car does not seem challenging at first but when you realize the many factors influencing your decision it can become a big headache as a buyer. Although the salesmen at the dealership are often honest and want to find you the right car, they are also working for a commission. Here are some basic tips that can guide you in your purchase of a new vehicle:
Why Should You Buy A New Car?
Firstly, the most beneficial use of a car is to get from place to place easily and quickly. A safe and reliable car should be a priority. With rising oil prices worldwide more and more fuel efficient cars are being manufactured. The best option for a fuel efficient car is a hybrid with a plug in battery. Hybrids use minimal amounts of gas and have a rechargeable battery. Governmental incentives are also given to those who purchase certain hybrid cars, because of the environmental friendliness of the vehicle. The practicality of a car is also an important factor to consider before purchasing a new vehicle. Big families may want to look into minivans (for more cargo space) and families with teenage children may want mid-size or full-size sedans which provide ample rear seat legroom. Consumers with higher incomes may be looking for prestigious cars. Prestigious cars used for everyday driving are regarded as high class when they have new and innovative technologies such as rear view cameras, panoramic sunroofs, leather and heated seats and rear entertainment packages.
Can You Afford A New Car?
The base price of a new car is an illusion. Taxes, freight and PDI, and dealership fees will always inflate the price of the car (not to mention optional upgrades). You need to be prepared to make bi-weekly or monthly payments if you're financing a new car and also make sure you have enough cash to make a down payment. The price of the car is only half the story; car insurance needs to be taken into consideration, especially for young drivers. Car insurance rates differ greatly depending on many factors such as age and what kind of car you drive. Generally, two door coupes and luxury vehicles have the highest insurance rates while entry level cars and hybrids have the most affordable insurance. Maintenance of the car, such as oil changes and regular checkups are also expenses necessary to consider.
Do Your Research
Always make sure you do research on every new car in your segment. Although you may feel the particular car you want is the car you will purchase, test drive the other vehicles in that segment to experience the advantages and disadvantages of each vehicle. You might discover a certain vehicle gives a lot of value and costs less than the car you originally wanted. Looking for cash rebates and incentives through the internet is also helpful in reducing the cost of your new vehicle. Most importantly, read reviews about the car you are purchasing. Find out about the reliability and reputation of the manufacturer and the particular model you're interested in before purchasing your new vehicle.
What sort of research should you commit to?
Research is always an important resource for finding valuable information on any subject or issue. When it comes to automobiles, it would be wise to do your research before purchasing one. Primary and secondary research will help guide you in making the right decision when purchasing a new vehicle.
Family and friends provide much information on cars through experience or through personal knowledge. They can recommend certain cars they view as reliable, or can save you from the pain of purchasing a car they've had bad experiences with. Newspapers contain car advertisements and also have specific sections dedicated to automobiles. Radio ads and television commercials are also common ways among advertising automobiles, which makes these media outlets a valuable source of information. These advertisements usually display the base price of the car, but the photo in the ad displays the car with all the optional packages added to the car, which may deceive those who view the advertisement. This is why visiting the website of the car manufacturer would be beneficial to find out how much each package costs and all the other hidden fees you will be paying for your car. Car websites have advanced greatly in recent years, as they provide a more interactive experience with the cars they are selling. On almost every website, you can build and price the car of your choice. It will display the different trim levels and prices, what's standard and not standard on each, and the individual prices and a thorough description of each add on. You are also able to view the car in different colors, different interiors, and to get a great external and internal view of the car. This interactive experience makes the decision process on purchasing a car a lot more convenient. However, going to the dealership will provide you the most information on a vehicle, through information provided by brochures and salesmen. Going to the dealership allows you to test drive the car for yourself, to judge whether or not it is a suitable choice for you.
After completing initial research on the car you have your eye on, using secondary sources to gain additional knowledge can be beneficial. Safety is always an important issue, so you should read safety reports on the specific model you are interested in. A website that provides information on safety is the IIHS (Insurance Institute for Highway Safety). Safety recalls on the specific car model you're interested in should also be researched before making a decision. Reading consumer reports and/or reviews on new cars will tell you a lot about their reliability, pricing and other important factors consumers feel are important. Car comparison websites, allow you to compare up to three cars side by side while viewing their technical specifications, interior and exterior dimensions, performance and other characteristics of cars. Cars are not an investment; they depreciate quickly, in fact by around ten to fifteen percent after driving it off the lot. Resale value is an important issue to research. Compare the resale value of the model you are interested in to other cars in the segment. Those with higher resale values are likely more reliable and efficient than those with lower resale values. Research should be done on insurance rates. It is important to know the price of your car insurance before purchasing a car. The type of car you drive and the amount of experience you've had driving will affect your insurance quote. Getting an insurance quote can be done through speaking with your current insurance provider or visit car insurance quotes section of icandrive.ca and get cheap insurance quotes in less than 5 minutes.
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