Buying a vehicle can be a long and drawn out process. You’ll be faced with a few decisions along the way, like whether to buy new or used or the style and brand of the car you’d like.
You’ll also find yourself needing to navigate the process and steps required to obtain a vehicle in Ontario.
How to Buy a New Car in Ontario
Buying a new vehicle is fairly easy and straightforward:
- Set a budget and stick to it.
- Research the type of car you’d like to buy.
- Compare all your options and determine the best model.
- Take the car for a test drive.
- Finalize all paperwork.
- Get car insurance on the vehicle.
- Register the car under your name.
How to Buy a Used Car in Ontario
Buying a used car is almost identical to buying a new one, although there are a few differences.
- You can’t lease a used vehicle unless it’s Certified Pre-Owned.
- Price is set by the seller and can be any number.
- Condition varies on a used car.
- Unique documents are needed to register the car.
- You can buy from any seller and not be restricted to dealerships.
APPLY NOW!
WE’LL APPROVE YOU FOR THE VEHICLE YOU WANT!
The Used Vehicle Information Package
In order to register a used car, you’ll need a Used Vehicle Information Package, or UVIP. It contains important information like:
- The year, make, model and details of the car.
- A list of previous and current owners.
- Transfer of ownership.
- A bill of sale.
- Any existing loan information.
Buying a Vehicle as a First-Time Buyer
If you have just recently arrived in Ontario, you’ll encounter a few extra hurdles.
- You have no credit history or credit cards yet within the country.
- Obtaining insurance.
- Obtaining your Canadian Driver’s License.
If you need help going through the process, we are here to make sure you get into the car you want under the terms you need.
