Buying Your First Used Car

After waiting for years, that exciting moment in your life has finally arrived. You're about to start the process of buying your first used car in Ontario, and you couldn't be more thrilled. No longer need you beg parents and friends for rides; you'll be able to get around on your own. Before you start shopping, here are a few things you need to know.

Buying, Financing or Leasing A Used Car

First, you should determine whether you plan to buy the car outright, finance the vehicle or lease it for a certain amount of time. Yes, it's possible to have these plans with a used car, too. Remember, if you have low credit scores, it's likely that the interest rates for bad credit auto financing or leasing are going to be high. Still though, such a plan could allow you to buy a better car.

Certified Pre-Owned

Buying your first used car means that you also must be familiar with the phrase certified pre-owned. These types of cars are still used, but they are generally in better shape than ones without such a title. This does not necessarily mean the cars are younger, but you do not have to be as worried about the cars falling apart as soon as you drive away from the lot!

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Dealers vs. Private Sellers

Many people buying a used auto in Ontario generally go to the dealership. However, with used cars, they often choose a private seller because they tend to be less expensive. Indeed, this fact is a major positive of buying through a private individual. However, with a private person, you have no guarantee or warranty with the car. You could drive away, and something could break with in a matter of minutes. For your own protection, it tends to be more advisable to go through a dealership.

When you get to buy your very first used car, it's really an exciting time. Remember to keep the following in mind

• How you want to pay for it - whether you want to pay cash or get cars on credit
• Used vs. certified pre-owned
• Dealers vs. private sellers

Best of luck in your car buying venture!