A Guide For New Drivers

You’ve decided you’re ready to hit the open road in your brand new or pre-owned vehicle. The next step is the exciting task of actually purchasing your first car. While test-driving and shopping around for the right car for you can be fun, it’s also important to understand what’s required to assist you in making the right and most informed decision.

1. Budget

Factors to consider can include what your monthly payments would be, your insurance costs, how much gas you estimate to use based on driving habits a month, as well as maintenance costs that are not covered by warranty.

Consider saving for a down payment – the amount you should save depends on how much the vehicle costs and what you’d like your monthly payments to be. The bigger the down payment, the lower the monthly payments.

Another thing to research are the financing options. When looking at what dealerships to shop from, look at what their interest rates and terms are carefully and then compare to the others.

Don’t be afraid to negotiate a price so long as it is reasonable. Reference sites such as Canadian Black Book, other dealership websites, or Auto Trader to help provide information on what price would be fair. You can also look into CPO’s (Certified pre-owned vehicle) as they often come with warranties and careful inspections while typically being lower in cost compared to a new one.

2. Pick the right car

Ensure that when you are car shopping, you are selecting the one that’s right for you. Consider factors such as reasons you will need your car – will you be commuting, hauling cargo, or going on long frequent road trips? Be sure to read reviews, ask those who drive vehicles you’re interested in their opinion, compare features, and test drive several options.

The most important thing to consider is safety. Shop for cars that have high safety ratings, and features that make you feel most comfortable while driving. Some examples could include blind spot monitoring, lane keep assist, adaptive headlights or forward collision warning with automatic emergency braking. Websites such as Transport Canada or the IIHS are great resources to learn about vehicle safety ratings, safety tips, and safety features.

3. Inspect the car

A qualified mechanic can identify any potential problems with your vehicle, so it’s important to schedule a pre-purchase inspection if you can. It’s also essential you look for signs of any wear and tear – this includes dents, scratches, or unusual noises you hear during your test drive. Don’t forget to also check the lights, brakes, air conditioning and entertainment system to ensure they are all in working order. If the vehicle has powered windows or sunroof, be sure to confirm those work as well as a repair for those could be costly.

4. Get insurance

Not only is car insurance mandatory by law in Ontario, it is also extremely important and beneficial. It can help with covering third-party liability, accident benefits, uninsured motorist coverage, collision damage, and more. Be sure to thoroughly go over your coverage limits, deductibles, and exclusions with your insurance broker to ensure you’re fully protected.

Remember, the best way to find information beneficial to you throughout your car buying journey is to do your research using online resources, going on test drives, reading reviews, and asking all the right questions.

While purchasing your first car can be a significant investment, by following these tips, you can make informed decisions and find a car that meets all of your needs and budget.  Contact Sutherland Insurance today to receive your free auto insurance quote.

This blog post is for informational purposes only and should not be considered financial or legal advice.