Buying a car is one of the most important purchases you’ll make in your lifetime, not only because of the cost but because of the importance the vehicle will have in your daily life. People often buy a car before they even buy a home, so it gives you an idea of how important cars are to us.
But the issue many have with the car buying process is that there are so many different ways to purchase; you have the dealer, pre-owned, private, and others. In many ways this can be a frustrating experience, especially for the first time buyer, as evidenced by this Kelly’s Black Book article, which offers realistic tips and goals to those looking to get their first car.
Buying from a private owner may seem like the route to go, but there are some serious questions you must ask yourself before you shop with a stranger. First, are you aware of the vehicles service history? A person could simply lie to you or even give you false paperwork. Secondly, what about a warranty? You can forget about that – buying from a private owner gives no option or guarantee whatsoever. Finally, you have to ask yourself if saving a little money worth the risk? Most would say it’s not, due to the fact nearly every car owner has had some form of mechanical issues, and it’s too much of a risk to take a private seller at their word.
Whether you’re in Toronto, Vancouver, Halifax or elsewhere in Canada, a good option would be to go the leasing route. With leasing, you get the option to drive a better car for less, as you only pay for the cost of the car during your lease term, and the cost is broken into manageable, convenient monthly payments. If you’re on the market for a luxury car, but are unsure if you have the funds to actually get the one you want to drive, leasing can really be a godsend. It’s wayless risky than going through a private seller, (as the new cars you lease still have their warranties), and you get to drive away in a new car rather a used one.
Another benefit of leasing is that you have more choice. Definitely the best way to lease a luxury vehicle is to find a dealership with in-house financing, which allows you to afford a better car for less money. And at the end of your lease term, in a few years, you’ll be able to upgrade to an even newer car without having to shell out more money, meaning that you’re always driving the newest cars out there. More than any other way of acquiring a vehicle, leasing give you bang for your buck.
In conclusion, if you want to drive your dream luxury car, don’t go combing through Kijiji or the back of a free newsletter – sure, the cars may be cheap, but they’re also old and unreliable. It’s better to go the leasing route, driving new cars for low monthly costs, knowing that you’re covered under warranty.