January 11th, 2009 | Author: admin
Used car market’s landscape has gone through some major changes in Toronto today. As new laws are been passed, consumers have ever growing rights when it comes to purchasing a quality used car. First of all there is the “fully disclosure” law Ontario Motor Vehicle Industry Council has recently passed prompting dealers to disclose all known history and accident reports on the selling vehicle. That will include if the vehicle was a previous rental, or it has been in a major accident, as well as if it has structural or frame damage. Knowing these facts will help you greatly in reselling this vehicle in the future. Here are few things you should be aware of or stay away from all together.
U.S Vehicles – Due to the recent rise in the Canadian Looney, there was a period of time where it is beneficial to import a vehicle from U.S to Canada. The price discrepancy justified the hassle and paperwork involved to import a U.S vehicle. There are few problems with this practice, once a Canadian dealer finds out your vehicle is from U.S it has literally no resell value in Canada. When buying a U.S vehicle privately in Canada you should make sure the vehicle has the proper paperwork, and documents. If it still has a lien in the U.S, or registration has not been transferred to Ontario, you are looking at potential loss of time and money to correct the mistake. If you have your heart set on a U.S vehicle in Canada, simply make sure you are getting a “very good” deal, because this vehicle will most likely not be sold again to anyone else.
Rental Vehicles – Rental vehicles are often been auctioned in Toronto for considerable savings and dealers often pick them up from the auction to resell. Rental vehicles overall is not a bad buy, due to the fact the rental agency has already make good profit from the rental fees, they can afford to sell the vehicle much less than manufacture or an individual. If you can find a good deal on one, snatch it before it’s gone.
Thank you for viewing this article, we will continue with facts on buying a used car in our next article. For more information on quality used cars in Whitby, please visit us online at http://www.whitbymotors.com or http://www.free-press-release.com/news-quality-used-car-in-whitby-1261848095.html
About the Author:
Whitby Motors Inc is Whitby’s premier used car dealership, we specialize in bad credit car loan approvals, and quality late model used cars. To visit our website http://www.whitbymotors.com
Article Source: ArticlesBase.com – Buying a quality used car in Whitby
My Car TV is Ottawa used car truck SUV and minivan centre in Ontario
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