Buying a used car in Toronto Ontario!
A brand new car will depreciate by over 30% of its original value during just the first year of ownership. This is an amazing loss of value, and likely makes you cringe. With this in mind, many individuals prefer a used car as it is both more affordable, and overall a better investment.
There is much to be said for buying a pre-owned vehicle rather than a brand new one. Not only can you get a great used car for far less money than you would spend on a new model, but you can also get far more car for the same money. There are many models and makes, with additional options and features that will be out of your price range when buying a new car. However in the used car category, these options can be well within your reach if you shop around.
First Step: Be Prepared!
Being successful in the selection and purchase of a pre-owned car means that you must be rational and always proceed with caution. A Latin saying goes "Caveat emptor", a well known phrase that literally translated means "Let the buyer beware." This can be a valuable rule to follow when you are shopping forall vehicles, but especially those that have been owned and driven by others.
There are consumer's guidebooks, such as the Lemon-Aid publications or the Annual Auto Issue of Consumer Reports that can be of assistance. These are published annually and are worthwhile resources for used car buyers before you start to shop around.
Another advantage of buying used is that you can be quite flexible in your choice of a pre-owned vehicle. Thousands of cars are available on the used car market, and arming yourself with as much knowledge as possible will definitely help you pick and choose through the available models, which ones are worth looking into and most of all, which makes and models you would be best to avoid.