Purchasing a car is exciting. Whether you're buying your first car or already own a car and are looking for a new set of wheels, buying a car is exhilarating. However, a car should not be an impulse buy. It's important that you do your research before purchasing because no one wants to be left disappointed because it consumes too much gas, the car insurance rates are too high, or it's one of the worst rated cars in Canada.
If you are buying your first car or simply buying a different car, save yourself the disappointment and hassle with these six car buying resources that will help you make an informed decision leaving you more than satisfied with your purchase.
Fuel Consumption Guide
Gas is a pricey commodity, and often plays a huge factor when it comes to car buying. The Natural Resources Canada Fuel Consumption Guide provides model specific fuel consumption information for current model year vehicles. Not buying a new vehicle? Use the Fuel Consumption Ratings Search Tool to compare models from previous years.
The vehicles with the best fuel-consumption ratings and lowest estimated annual fuel cost are the ones that won't be breaking the bank, leaving you with more money in your pocket.
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Canadian Black Book
The Canadian Black Book (CBB) helps you to find out what your car is really worth. CBB offers consumers the option to find out what the current trade-in value of the vehicle is, the future value, and the average asking price. With the valuation tool you're able to see approximately how much your car will depreciate over a 1 to 5 year period. Whether buying or selling, the CBB can help you ensure you're getting the best deal.
- Related Read: Which Cars Hold Their Value the Best?
Car insurance is another expense that can influence your choice of vehicle. Rates vary depending on the car you drive. However, it's important that you get the coverage you need at the best car insurance rate available. At Kanetix.ca, we shop the market to help you get the lowest rate, and Kanetix customers save an average of $750 because of it.
Consumer Reports' experts test and rate new and used vehicles. Consumer Reports ensures that vehicles are safe, effective, reliable and fairly priced. Through unbiased testing, experts test vehicles and share their findings which in turn allows consumers to make informed and accurate decisions when it comes to car buying.
CarProof Vehicle Report
Buying or selling a used vehicle can be a bit of a guessing game, but CarProof removes some of the guesswork with a report about the history of the used car you are interested in buying. CarProof's Vehicle History Report typcially includes: real-time data, lien details, accident data, registration and branding, full Canadian and U.S history and bilingual information. The vehicle report prevents any surprises from occurring once the purchase is made.
Transport Canada's Road Safety Recalls Database gives you the opportunity to see if a vehicle has been recalled. New or used, if there has been a recall you can see what the problem was and what corrective measures are needed. The database also includes recalls pertaining to child car seats and tires.