If you are like anyone else in Toronto who is seeking to buy a car, the thought of purchasing a used car might have lingered in your mind at some point. After all, almost every car buyer in Canada is going for a used car over a new one, a trend that has seen used car sales skyrocketing over the years.
While purchasing a used car from a car dealer in Toronto, there are some simple things that can help you get the best deal on your selected used car. Without further ado, below are some secrets to getting the right deal when shopping for cheap use cars in Toronto
- Decide on the model of the used vehicle you want to purchase
Before you start locating a suitable car dealer, you have to figure out what model and type of used vehicle you want. You can make this crucial decision based on the features that you want the car to have and the amount you have to spend on a car.
- Get the vehicle’s history
After identifying a car, check its history report to avoid any hidden problems that the car could be having. This will help you drive the car with confidence knowing that it has a clean history that is verifiable.
- Decide on the amount to negotiate on the used vehicle
One of the best approaches and tactics to use for negotiating for a used vehicle is first deciding on the amount to negotiate on. Just like new cars, used vehicles are different from each other. The price will invariably differ as a result of this difference. If you get a used vehicle at $ 18,000, for instance, you can negotiate on $3,000 with the dealer and end paying $15,000 for the car.
- Agree on the price with the dealer
Just because you want a price cut on your used vehicle doesn’t mean the dealer will grant it to you automatically. You will need to do the hard job of convincing the dealer to give you a discount. Convince them to sell the car at a price that is tailored to your budget. Talk to the dealer until both of you agree on a reasonable price that favors both of you.
- Insist on getting a pre-purchase inspection
Once you have agreed on the price with the dealer, have your car inspected to ensure you aren’t getting a raw deal. Some unscrupulous dealers sell used cars with faulty parts, forcing buyers to incur huge expenses while they are having these parts fixed. Have the car inspected by a licensed and independent mechanic to verify that the vehicle is still in good condition.
- Stop focusing so much on payment
One secret to getting the best deal on your used car is to focus on the monthly payment instead of focusing so much on the total price of the car. For instance, concentrate on landing the lowest selling price possible on your used car at the lowest interest rate and for the shortest loan duration possible. Once you accomplish that, your monthly payment will perfectly fall into place.
Getting the best deal on your used car takes more than just walking into a car dealer shop and paying for your car. You have to exploit all the strategies that will make you pay less for a good used vehicle.