How Old Should a Used Car Be?

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How Old Should a Used Car Be?

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Table of contents How Old Should a Used Car Be? What should everyone look for in a used car? Which is better? New or used? What should everyone look for in a used car dealership in Toronto? Should a used car be bought from a private seller or through a dealership in Toronto? What are the advantages of buying from a used car dealership? – PowerPoint PPT presentation

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Title: How Old Should a Used Car Be?


1
How Old Should a Used Car Be?
2
Table of contents
  • How Old Should a Used Car Be?
  • What should everyone look for in a used car?
  • Which is better? New or used?
  • What should everyone look for in a used car
    dealership in Toronto?
  • Should a used car be bought from a private seller
    or through a dealership in Toronto?
  • What are the advantages of buying from a used car
    dealership?

3
How Old Should a Used Car Be?
  • The option between getting a used car and a new
    car is not an easy choice, but the decision to
    save money is a good one, not to mention that
    its a little easier on the environment! The
    question after deciding on a new car is just how
    old should that used car be? There is the ideal
    of about a year, but there can be advantages to
    one thats only six months old and there are
    advantages to buying a vehicle that six years
    old! So, which choice is the better option?
  •  
  • The answer to that question really depends on the
    person buying the vehicle. Age and mileage are an
    important component of buying a used car and
    directly contribute to the price. A car that is a
    year old, for instance, will already be twenty to
    thirty percent cheaper than a new car. This is
    good news for a used car buyer, who can save as
    much as half the value of a car thats only four
    years old. Age is a definite factor in the
    purchase of a used car, but so it mileage.

4
  • A favorite expression of many people is that its
    not the years that affect them, but the mileage!
    This is also true of most used vehicles out
    there. A quick search of used car dealerships
    will reveal that a five-year-old car with twenty
    thousand miles on it is going to cost more than
    an identical model with forty thousand miles
    reading on the odometer. Why is that? Because the
    more mileage a car has on it, the less it has
    left on it. So, the logic is that the first car
    will last longer than the second, although its
    the same model.
  • So, now that everyone understands age and
    mileage, the question becomes how much money does
    a person have in their pocket and what can they
    afford to pay? One can always make a down payment
    on their used car, but the question that really
    affects the price is just how much money they
    have to spend every month on their new vehicle.
    Knowing how much they can put into a car payment
    is one of the most important parts of determining
    what they can get. Some may be able to easily
    afford to buy a car thats just a year old, while
    others might find them struggling to make the
    payments on a seven-year-old car.

5
  • The final contributing factor is to determine
    exactly what the car is for. If someone just
    wants a car to get back and forth to work, they
    might consider an older car since their needs are
    simple. A person whos going to rely on their
    vehicle to go many places in the city every day
    of the week might want to buy a vehicle thats no
    more than four or five years old. People who are
    planning on making long trips might want the
    reliability of a car thats just one or two years
    old.
  •  
  • In the end, always check the mileage along with
    the age of a used car, first!

6
What should everyone look for in a used car?
  • It seems to always be the one question that
    people ask whether its a used car or a new
    vehicle. Which is the best one to have? The truth
    is that opinions always vary about which car is
    the best and no one will ever find unanimous
    agreement on one make or model. The truth is that
    the better question to ask is what one should
    look for in a used car?
  •  
  • Always look for a reliable, reputable dealership
    for a used car. This means looking up reviews and
    scores online. It only takes five minutes to look
    up a number of these scores and see what people
    and businesses think of a dealership. This is a
    simple exercise that takes a short period of time
    and will avoid a lot of headaches in the future.

7
  • Make sure to have good insurance. Even with a
    used car, its important to make sure that one
    gets the appropriate coverage. People sometimes
    think that a used car means less coverage, but it
    does more than cover their vehicle. Insurance is
    there to also cover the other vehicle should it
    be the clients fault in an accident. In addition
    to this are a number of other reasons for
    coverage including fire and floods to ensure that
    a vehicle is covered for many different reasons.
  •  
  • Always compare prices before stepping onto a lot.
    Everyone has moved into the twenty-first century
    and every business has a website now, especially
    car dealerships! With a car in mind, check on the
    dealerships in the area as to what they have
    available. They all list the prices of the
    vehicles, the make and model, the age of the car,
    and the mileage on it. These are all important
    considerations in buying a used vehicle and
    affect the price. Some dealerships might have
    inflated prices compared to another and their
    websites are the best way to find out.

8
  • Dont be afraid to haggle. This doesnt mean that
    a person has to be made of iron and scream their
    way to a deal. It just means that a lot can
    happen if someone just asks a simple question
    Is the price negotiable? If the answer is no,
    then theres no harm done. Move onto the next
    question. If the answer is yes, then the person
    in question can save hundreds of dollars on their
    purchase, and maybe more.
  •  
  • Make sure the car is still the dealerships
    responsibility, at least in part. Once a purchase
    is made, the car belongs to its new owner, this
    is true. But, there should be basic assurances
    from the dealership, and in the contract, that if
    theres anything wrong with the car that the
    dealer didnt tell the new owner about, its
    usually their responsibility to fix the problem.
  • And, thats it! The best advice when buying a new
    car is to be diligent, persistent, and thorough.
    That car is, after all, going to be around for a
    while!

9
Which is better? New or used?
  • The debate is always there for people who are
    looking to replace their vehicle. Do they get a
    new car or a used car? Should they make payments
    or should they lease? This is a good question to
    ask and the answer depends on the individual
    looking for a vehicle. There are a few different
    questions that one has to ask themselves in
    making that decision
  •  
  • First, what financial shape is a person in? This
    is the first, and most important question to ask.
    Everyone fantasizes about buying a brand new BMW
    or Porsche, but the truth is that not everyone
    can actually afford one. So, the first thing that
    people need to consider is how much money they
    have in the bank.

10
  • No, this doesnt mean that someone without any
    savings shouldnt buy a car. It simply means that
    they need to look at their finances and know what
    they can afford per month for payments or a
    lease. Thats the first true indicator of what
    they should look at for in a purchase.  
  • For people who have enough money to make the
    monthly payments for a new car, then it is an
    option. Just remember that just because a person
    can afford four hundred dollars a month in
    payments, doesnt mean that they have to pay
    that. Saving a bit of money each month should be
    a consideration as well. A used car means lower
    payments per month and gives more flexibility to
    ones budget.
  • If a budget reveals a more limited amount of
    money is going to be available at the end of each
    month, then one needs to consider a used car. A
    cars value drops the moment it leaves the lot
    and there is thousands of dollars in savings from
    buying a car that is just one year old!

11
  • The option for a lease should be considered,
    depending on what a person believes to be the
    best option for them. A car carries
    responsibility, but that responsibility is
    somewhat lessened with a lease. Leases will
    usually cover maintenance and repairs, but it
    also reverts back to the dealership after about
    five years. That means that over the course of
    that term, most people will have paid about
    eighteen thousand dollars on their lease and walk
    away with nothing. Thats right, a used car would
    cost about that much!
  •  
  • Second is the consideration of what is most
    important to ones self, aesthetically. A new car
    will look great and impress friends... for a
    while. The look and smell of a new car can
    influence people, but after a month that new car
    is old news! A used car is still a new car to a
    friend and it will still be a big deal, and
    without paying thousands of dollars more.
  •  
  • In the end, people who want a new car above all
    else will get it, no matter what, but used cars
    have a lot going for them and need to be
    seriously considered before making that decision
    used or new?

12
What should everyone look for in a used car
dealership in Toronto?
  • Buying a used car can be more trouble than buying
    new. Theres a lot of research to do in terms of
    finding a car that fits a persons needs and one
    that fits everything they require in their
    day-to-day lives. So, what should a person look
    for when looking to buy from a used car
    dealership?
  •  
  • The first and most important thing to realize
    about Toronto used car dealerships is that not
    all of them are made equal. There is a lot to be
    said about a dealerships history and that where
    everyone needs to start. Look for what people
    online have said about the dealership in the
    past. Was it positive? Was there a lot of
    negative reviews in the past? Have they won any
    awards?

13
  • There are, of course, always times when
    disgruntled former employees or ex-friends have
    an axe to grind and decide to take it out on
    someones business, but there wont be so many of
    them that there are hundreds of bad reviews!
    Awards for a business isnt a must, but having a
    few is better than having none. When it comes to
    positive reviews, always look for words like
    friendly, reliable, and dependable.
  •  
  • An important point to realize about used car
    dealerships in Toronto and elsewhere is that a
    good business is willing to put its money where
    its mouth is. A good dealership will allow for a
    used car to have certain warranties and
    guarantees, with no strings attached. The second
    part of that sentence is where one needs to pay
    attention. If a dealership offers a customer
    satisfaction guarantee, great, but take a good
    look at the fine print to find out what exactly
    that means!

14
  • Warranties are even more important than a
    guarantee. Some people eschew them as being
    worthless, but theyre also likely not to read
    the fine print ahead of time. Again, everyone has
    to make sure that they read all of the tiny
    details before they sign to ensure that they are
    getting a good deal, but warranties on cars are
    usually worth it.
  •  
  • The last, but no less important, thing to look
    for is to look for a dealership that cares about
    its customers. This is always shown through how
    they treat them. A new customer is buying a new
    car for thousands upon thousands of dollars. They
    deserve to be treated like royalty. A good
    dealership has employees and salesmen that offer
    a prospective customer a cup of coffee and a
    comfortable seat. People should be smiling and be
    friendly at every level of the deal. Even the
    manager will be friendly and be willing to have a
    quick chat with a person who is buying a new car.
    The manager is the one who is in charge and his
    or her attitude reflects on everyone else. Always
    look to them to gauge how everyone else really
    feels about working there.
  • Armed with these tips, anyone can find a great
    used car dealership in Toronto.

15
Should a used car be bought from a private seller
or through a dealership in Toronto?
  • Looking for a used car in Toronto can be like
    looking for a needle in a haystack when it comes
    to the ideal car for ones own needs. Luckily,
    going online alleviates these issues and allows
    everyone to narrow down what they need pretty
    quickly, but there is always one lingering
    question when it comes to buying a used car does
    one buy from a private seller or does one go to a
    used car dealership?
  •  
  • There is the old idea of a used car salesman
    being untrustworthy, but theyre also rumored to
    wear plaid, which isnt true, either! The
    opposite is actually true today. Used car
    dealerships in Ontario have to adhere to certain
    practices and regulations according to government
    law. This is the first reason why a used car
    dealership is a better option as opposed to going
    for a private sale. Torontonians are afforded
    basic consumer rights when purchasing a vehicle.
    This isnt the same when it comes to a private
    seller. They dont have to adhere to many of the
    same laws, because theyre not a business.

16
  • Its the same issue when it comes to contracts.
    The sale of a vehicle forms a contract with the
    buyer where everyone agrees to the specifics of
    the sale and what the dealerships can be liable
    for, should something go wrong with the vehicle
    in the short term. A private seller is quick and
    easy to agree with when it comes to a used
    vehicle, but once its sold, it is sold. If a
    person discovers anything wrong with the vehicles
    afterward, they have to take the seller to a
    small claims court to recoup their losses.
  •  
  • Inaccurate information on a vehicle is what can
    lead to these kinds of misunderstandings. Used
    Car Dealerships in Toronto are usually diligent
    in ensuring that a vehicle has been properly
    researched so that a prospective buyer is aware
    of the background of the car theyre buying.
    Private sellers can be just as meticulous in
    providing a buyer all of the information
    associated with their car, they just usually
    arent particularly inclined to do so.

17
  • Used car dealerships are brick and mortar
    companies that are going to be there for years to
    come, and theres a certain security in knowing
    that a purchase from them means they can consult
    with a dealership after theyve gotten their
    vehicle. Although its not done very often, a
    dissatisfied customer can even return their car.
    The only issue with a private sale is that the
    seller can just disappear, especially if they
    were in the process of moving when they sold the
    car. A private seller may also be more inclined
    to ask for more than the car is worth. Even
    though the bluebook price might be accurate,
    dealerships might offer better deals for a
    specific make and model.
  •  
  • Regardless of anyones final decision, always
    ensure that proper research is done on a used
    vehicle to ensure that a good deal is made and
    one that wont involve any regrets!

18
What are the advantages of buying from a used car
dealership?
  • For anyone whos decided to buy a used car, they
    think of everywhere they can get a used car, so
    why go to a used car dealership? They do, after
    all, have the option to buy from the used car
    stock at a regular dealership or buy from a
    private seller. Why go to a used car dealership
    in Toronto?
  •  
  • There are a number of reasons, not the least of
    which is that a used car dealership are experts
    in their field. A dealership that primarily deals
    in new vehicles, is just that, its main focus is
    on selling to the new car market, not the used
    one. The reason why those dealerships do deal in
    used cars at all is for two reasons leases and
    trade-ins.

19
  • Most leases that dealerships have with their
    customers are five years, at which point the
    customer gets another car. The old car, though,
    is usually put back on the lot for resale. When
    it comes to trade-ins, they might keep it on the
    lot, but many of them theyll sell to, you got
    it, used car dealerships! So, in many cases, the
    reason why a car isnt available at a regular
    dealership is because they view it as being too
    old.
  •  
  • For those who would prefer to get an older
    vehicle, a new car dealership simply isnt an
    option. Not only that, but those old leases and
    trade-ins are of a very limited variety and
    within a deliberately set range of ages. If
    someone is looking for a used vehicle and want a
    great deal of variety, used car dealerships are
    the better option because they offer many makes
    and models and across a large range of years.

20
  • A dealership is also more experienced in dealing
    with used cars. Theyre more likely to be able to
    identify any issues with a make and model that
    most other dealerships may not be familiar with.
    Why is this an advantage? For those who buy from
    them, any issues with a model can be determined
    and fixed before theyre driven off the lot. Any
    other issues with a car can also be more readily
    identified and repaired, meaning that a customer
    gets their vehicle in working order again faster.
  •  
  • A used car dealership also has many advantages
    over private sellers, such as car backgrounds and
    reliability as opposed to a private citizen who
    can simply disappear after a car sale! Theres
    also the issue that a private seller wont take a
    car back and wont be willing to do any repairs
    on a vehicle after its sold. Well, not without a
    visit to a court, anyway!
  •  

21
  • In closing, there are many advantages to buying
    from a used car dealership, including better
    guarantees, but most of all the real reason is
    that people usually want to go to the experts for
    whatever it is theyre buying, whether its a
    service or a product. If someone needs a used
    car, then a used car dealership is the best
    option, since they are, after all, the experts!
  • See more _at_
  • Used Car Dealership - https//www.carsolutionscana
    da.com/
  • Car Finder - https//www.carsolutionscanada.com/ca
    rfinder/index.htm
  • Pre-Owned Specials - https//www.carsolutionscanad
    a.com/used-inventory/index.htm
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