Sunday, September 18, 2022

MoneySense: Best used cars in Canada for 2022

Here is the article.  


When buying a vehicle privately, you buy “as is”—and if the seller misleads you about the car’s history or condition, or if anything goes wrong after the purchase, you have no recourse whatsoever. Buying from a registered dealer gives you access to more protections and services.  

  • Dealers must be licensed by a governing body, such as the Ontario Motor Vehicle Industry Council (OMVIC), and comply with its code of ethics, as well as consumer protection laws. OMVIC holds dealers and salespeople to certain standards, and it has an enforcement strategy for non-compliance and illegal sales. 
  • Dealers rely on repeat business, so it’s in their best interest to treat customers fairly and provide good service. That doesn’t always happen, of course, but private sellers have no such incentive. 
  • Dealers offer many value-added services, such as vehicle financing, used car warranties, in-store licensing, vehicle trade-ins, and maintenance and repairs. 
  • Buying from a dealer can remove a lot of the hassles of buying privately (we’re speaking from personal experience here).    

The bottom line: Dealer prices might be a bit higher than those on classified advertising sites, but as the saying goes, you get what you pay for.  

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