Ontario Cars On Credit > Used Cars > Local Used Car Lots
If you haven't visited your local used car lots in a while you may be surprised with the way they've changed. Used cars today are different from the used cars that many of us grew up with. Today, a used car can be just as good as any new car. There are many used cars available at a dealership that only have a few hundred or thousand miles on them. These used cars are practically brand new, but are still at a lower price simply because they've been driven off the lot.
Used cars are almost always the smarter choice than new cars. That's because unlike many other types of assets, cars depreciate very quickly during their first year of use. By buying a car that's merely one or two years old you can get a car that's almost new at a huge discount. Today, most cars can run for hundreds of thousands of miles as long as they are serviced correctly and driven carefully.
Local used car lots are the best possible place to buy a used car, especially if you need a car loan. When you buy directly from an individual, financing is difficult and you often have to pay cash upfront. Additionally, buying from an individual and not a lot leaves a lot of questions about the quality of the car. A dealership will make sure that the car works well and will test all aspects of the car. An individual may not be as honest; although either way it is important that you get any vehicle inspected that you may purchase.
Used car lots have a bad reputation for being aggressive with sales, but as long as you know your budget and what you want that shouldn't be a problem. Car lots that offer their own financing are better about not pushing cars that you can't afford because they want you to be able to make the monthly payments on time.
Many used car lots today actually offer their own financing. If your local used car lots have an auto loan financing department that means that they can finance your loan at the same time that you find a car that you want. Dealership financing can be especially helpful if you a bad credit score or no credit history.
If the used car lot does not allow financing, then the lot will often help you contact the banks that their customers will most often use. This can help you secure a better rate as well because the bank will have a favorable relationship with the car lot and their clients.