Did You Know? When it comes to buying a used car, most people choose a franchised dealership over private listings. Why? Many consumers feel uneasy about the uncertainties that come with buying from a private seller. Purchasing from a reputable dealership like us at Lava Automotive brings peace of mind, knowing you’re backed by a trusted source dedicated to delivering quality and transparency.
Investigate: Tips for Buying a Used Car
Once you’ve narrowed down your options, it’s time to dive deeper into your research. Here are some of our top **tips for buying a used car** so you can make the most informed decision:
Mileage and History:
What’s the vehicle’s mileage? **We** provide access to comprehensive service records, giving you insight into its past care.
Reconditioning:
Has the dealership reconditioned the vehicle? **We** believe in transparency, so **we’ll** share what repairs or replacements were made.
Maintenance Costs:
Consider future maintenance costs. **We’ll** help you evaluate remaining wear on items like tires and brakes, and check if any major services are approaching.
Accident History:
Has the vehicle been in an accident? **We** provide honest information about any past incidents, so there are no surprises.
Previous Usage:
Where did the vehicle come from? **Our team** can tell you about prior owners and help assess any potential rust or wear concerns.
Ex-Rental Cars:
These can offer great value. **Our ex-rental options** are well-maintained and often still under warranty, combining quality and affordability.
Dealership Reputation & Policies
After researching the vehicles, let’s explore our dealership’s reputation. Check out **Lava Automotive’s reviews on platforms like Google** to see how we treat our customers. You’ll find that **our commitment to customer satisfaction** speaks for itself!
We also have great dealership policies to make your experience worry-free:
Money-Back Guarantee:
**We offer** a 72-hour money-back guarantee if you decide the vehicle isn’t right for you.
Exchange Policy:
**Our exchange policy** allows you to swap the vehicle within 14 days if it doesn’t quite meet your needs.
Warranties:
**We** provide warranties on major components, including a powertrain warranty to cover basics like tires and brakes.
Finance & Down Payment Options
When considering financing, it’s crucial to look at both your monthly payment and the total cost of the vehicle. **Our financing team** is here to help you find a plan that fits your budget. Adjusting the loan term, down payment, and interest rate can significantly impact your overall expense. Here’s a quick breakdown:
Customer |
1st CUSTOMER |
2nd CUSTOMER |
3rd CUSTOMER |
Purchase Price |
$25,000 |
$25,000 |
$25,000 |
12% Tax (PST + GST) |
$3,000 |
$3,000 |
$3,000 |
Total Purchase Price |
$28,000 |
$28,000 |
$28,000 |
Down Payment |
$0 |
$0 |
$5,000 |
APR |
5% |
10% |
10% |
Term in Months |
60 |
72 |
72 |
Monthly Payment |
$645 |
$519 |
$426 |
Interest Paid |
$2,951 |
$9,348 |
$7,879 |
Total Cost |
$29,722 |
$35,014 |
$33,345 |
Our finance experts can help you explore different scenarios before making a decision. This is one of our top tips for buying a used car—make sure you fully understand the impact of financing on your total cost.
What is a Good Interest Rate?
In Canada, financing terms for used vehicles generally follow these guidelines:
- 1 year old: maximum term of 96 months
- 2-3 years old: 84 months
- 4 years old: 72 months
- 5 years old: 60 months
- 6-7 years old: 48 months
- Older units: generally 36 months (if available)
Interest rates can vary, but **we offer competitive rates** on newer vehicles, often ranging from 2-4% for models up to five years old.
Consider a “One Price” Dealer
If negotiating feels intimidating, consider **our no-haggle buying process**. **Lava Automotive** offers set pricing based on competitive comparisons, creating a stress-free experience with upfront pricing.
Test Drive & Vehicle Walkaround
Once you’ve narrowed it down to a few vehicles, reach out to **us at Lava Automotive** to set up a test drive. **We’ll guide you** in assessing the vehicle’s condition and point out any visible imperfections. Following this step is one of our best **tips for buying a used car** to ensure it’s in top condition.
True Cost of Ownership
When purchasing a vehicle, don’t just think about the upfront cost. Consider the full cost of ownership, including:
Depreciation
Fuel expenses
Vehicle maintenance and repairs
Car insurance
These factors vary depending on the vehicle, and **our team can help you estimate** the financial impact of your choice.
Final Purchase
Stay focused on your goals when deciding to buy. **Ask us for a market value analysis**—we’re happy to share a printout comparing our vehicle’s pricing with other dealers and private listings. This is one of the most important **tips for buying a used car**: knowing the market value ensures you’re making a smart investment.
One Last Piece of Advice
Keep an open mind when visiting the dealership. **At Lava Automotive**, our dedicated sales team is here to help you find the right vehicle for your lifestyle. **We want your choice to fit your long-term needs.**
The Lava Automotive Difference
At **Lava Automotive**, we pride ourselves on providing the best dealership experience. **Our goal is to help you find the right vehicle the right way—every time.**
72-Hour Money-Back Guarantee:
If you’re not completely satisfied with your purchase, **return it to us** for a full refund or exchange within 72 hours.
Used Car Exchange Privilege:
Not happy with your vehicle? **We’ll let you exchange it** for another that better suits your needs within the first 14 days or 500 kilometers.
“The Basics” Guarantee:
We guarantee no need to replace tires, brakes, bulbs, or wiper blades within the first 6 months or 5,000 kilometers.
Best Price Guarantee:
Enjoy stress-free buying with **our One Price Guarantee**, ensuring upfront, competitive pricing every time.
Whether it’s transparency, quality, or support, **we’re committed to making your experience with us exceptional and ensuring you’re well-informed with the best tips for buying a used car.