Bookmark this page: It’s our glossary of automotive terms for car buyers. Anytime you or someone in your circles is in the market for a vehicle, check back here to learn the basics terminology for buying a car or to get a refresher. Buying a car can be exciting but also daunting, so it helps to learn a few words before you start.
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Research Liens on Your Potential Vehicle if Buying Privately
A lien is a claim that a lender places on a vehicle for lending money to the vehicle’s owner. This is normal and perfectly legal. For example, when you take out a car loan from the bank to buy a car, the bank will place a lien on the car as security. If you don’t pay back the money you’ve borrowed, the bank can legally repossess the car.
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All-in Pricing Has You, the Car Buyer, in Mind
In this blog post, we’ll explain what all-in pricing is, what it includes, and what happens to dealers who don’t follow the law.
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Accident Disclosure When Buying a Used Vehicle
In this blog post, we’ll talk about accident disclosures for used vehicles. When buying a used car, its accident history will affect your decision to buy it or not. This is called accident disclosure and is one of 21 disclosures required by law in Ontario.
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6 Tips to Get the Most for Your Trade-In
Do you trade it? How much can you expect to get? The following tips will help you navigate the process of taking your car to a dealer to trade in for your next vehicle.
... Read More.Are You Buying a Used Car from a Private Seller? Or a Curbsider?
If you’re in the market for a used car and respond to a classified ad from a private seller, make sure they’re not a curbsider. Curbsiders are people who pose as private sellers, but are actually running a business selling cars.
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Car Buyer Protection Program: The Motor Vehicle Dealers Compensation Fund
In this blog post, we’ll explain the basics about car buyer protection program. This is only available for car purchases made from a registered dealer in Ontario.
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Which Used Car Website Is Best?
Buying a car? You’ll likely check out several used car websites to try to find the best car for you at the best price for your budget.
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