This excerpt is from UCDA and I thought it would be interesting to our potential customers.
1. Buying Privately
Many people believe that buying a vehicle from a private seller will save them money.
With a private seller, you may lose the 13% trade-in tax savings.
Private sellers often determine their asking price by first checking out what dealers are asking for a similar vehicle. They’re sold ‘as is’ and it’s ‘buyer beware’.
Private vehicle sales offer no guarantees. The buyer often has no recourse if the vehicle shows signs of significant problems, even days later.
There is nothing holding a private seller to revealing their cars history. Most sellers will say that they took really good care of the vehicle.
There are hidden costs such as an expensive certification and emissions testing that the seller may not be willing to pay for.
2. Buying from a UCDA Member
UCDA member dealers ensure you get the 13% trade-in tax savings.
Dealers have access to financing programs, and can offer trade-in options which can make your used car purchase more affordable.
Dealers can offer warranties and after-sale service for used vehicles. Consumers also have access to a Compensation Fund for their protection.
Dealers guarantee that the vehicles they sell arent stolen and dont have any liens against them. They must also supply you with all known material facts about the vehicle, such as previous accidents.
When a dealer buys a car to resell, he has it thoroughly inspected and refurbished both mechanically and cosmetically. That usually accounts for most of any difference in cost between buying privately and from a dealer.
If you require any additional information you can go to www.ucda.ca or www.omvic.on.ca. Presleys Auto is a member of OMVIC and UCDA. All of our vehicles come with a 6month/6,000km warranty*
*Ask dealer for details.