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How to buy a car - PowerPoint PPT Presentation


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How to buy a car. Test drive. Which type ? SUV, Sports car, family car …… Test drive. Budget. Cash Finance. Cash. Negotiate Big discount when pay cash. Finance. Credit Check Finance terms – how many month? Interest rate Tax – new (5%) vs used (0%) Down payment.

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Presentation Transcript
test drive
Test drive
  • Which type ?
  • SUV, Sports car, family car……
  • Test drive
budget
Budget
  • Cash
  • Finance
slide4
Cash
  • Negotiate
  • Big discount when pay cash
finance
Finance
  • Credit Check
  • Finance terms – how many month?
  • Interest rate
  • Tax – new (5%) vs used (0%)
  • Down payment
vehicle insurance
Vehicle Insurance
  • New car
    • dealer will give you new vehicle information statement (NVIS)
    • Choose insurance company ( TD Insurance , CAA , Canadian Direct Insurance, etc…)
    • Contact insurance company and provide NVIS
    • Get Pink Card from insurance company
vehicle insurance1
Vehicle Insurance
  • Used car
    • Buy vehicle from owner and get bill of sale
    • Choose insurance company ( TD Insurance , CAA , Canadian Direct Insurance, etc…)
    • Buy insurance and get pink card
registration
Registration
  • Must have Canadian driver license
  • New car – dealership will do for you
  • Used car – Go to registry agents
    • bring bill of sale, driver license, pink card
  • Pay registration fee ($84.45)