Looking for a vehicle often requires a lot of research and time. To help navigate the automotive landscape, Dustin Woods, associate editor at Autotrader.ca, is sharing important insights everyone needs to know before they begin their car-buying journey.
One of the first things to consider is cost.
“New vehicles are typically more expensive than used vehicles in the up front,” says Woods. “You’re taking the majority of depreciation whereas someone buying used wouldn’t. On the other hand, a used vehicle will require more upkeep earlier on, and maintenance may or may not be covered under warranty.”
That brings us to the next important factor – understanding your warranty. A new car will come with a sense of worry-free driving thanks to new car warranties. You can also add an extended warranty based on your preferences, so you have more coverage should there be any issues down the line.
If you’re interested in used, buying from a certified pre-owned program could alleviate some of the anxiety if the vehicle is no longer under warranty. Although it may not be thrilling, always look into the warranty of a vehicle prior to purchasing.
Lastly, before you purchase a vehicle you’ll want to identify what the car will be used for. Depending on your lifestyle, you may be better off purchasing a new vehicle versus used, or vice versa.
For instance, if you’re planning to have this car for years to come, a used vehicle with high kilometres might not be the right choice, even if it fits the budget. Similarly, if you know you’ll want to purchase another vehicle in the next few years, it’s a good idea to buy with resale in mind.
If you’re comparing new and lightly used vehicles, pricing tools like those available on Autotrader.ca can help narrow down the search by scanning hundreds of thousands of listings in real time to let you know if a vehicle’s price is great, good or fair.
To ensure you make the best decision for your driving needs and get a great deal on your new ride, make sure to do your research and explore a variety of vehicles and pricing options.
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