Every year, roughly 300 new models of cars are offered for sale on the market in Canada. If you’re looking for a bit more variety, the used car market could be your best option. If you plan to purchase a used car, consider the below 4 factors, this will help you score a good deal.
Used Car Financing:
Determine your monthly budget and make sure the vehicle fits within that. Generally, interest rates are higher for used cars. A rule of thumb is the newer-used the vehicle is, the lower will be the interest rate. Shop around for the profitable deal by comparing interest rates and terms from banks, dealers and finance companies.
Certified Used Cars
Many dealers offer certified used cars for sale through their manufacturers. While they ask you to pay a small premium, it’s often worthwhile. There will be benefits like low interest financing, free maintenance, and a more comprehensive reconditioning program.