Buying First Car in Canada | Tips and Tricks

Summary

In this informative video, Igor shares his personal experiences and valuable tips for buying a car in Canada, especially for immigrants. He discusses his journey with various car purchases, including a Toyota Eco, a Honda Civic, and a Hyundai Santa Fe, highlighting the importance of checking car history with CarProof, taking potential purchases to a mechanic, and negotiating prices. Igor advises on buying from private sellers for cars under $10,000 and from reputable dealerships for more expensive vehicles, emphasizing the benefits of dealership support and services. His enthusiasm for his latest car purchase, a spacious and feature-rich Toyota, adds a personal touch to the guide.

Takeaways

• 😀 The video is a guide for buying your first car in Canada, with tips from the host's personal experience as an immigrant.
• 🚗 The host's first car was a 2005 Toyota Echo, bought for cash and sold for a profit.
• 🔑 A common mistake made was leasing a 2015 Honda Civic instead of getting a finance, which resulted in higher interest rates.
• 📈 The importance of checking a car's history with services like CarProof or Carfax is emphasized to avoid issues like rolled-back odometers.
• 🔍 When buying a used car, it's recommended to have a mechanic inspect the vehicle to ensure there are no hidden problems.
• 💰 The host suggests negotiating the price of the car first and then using the mechanic's inspection as leverage for further price reductions.
• 🏢 For cars priced under $10,000, the host recommends buying from private sellers after thorough checks, but for more expensive cars, a dealership is preferred.
• 🛠 The benefits of buying from a dealership include certified inspections, maintenance services, and the provision of a CarProof report.
• 📋 The host highlights the need for due diligence when buying a car, including understanding the seller's willingness to cooperate with inspections and test drives.
• 🏘️ The host shares a negative experience of buying a car from a bad neighborhood without proper documentation, underscoring the importance of safe transactions.
• 🎉 The host concludes by showing off his new purchase, a spacious and practical vehicle, and shares his excitement about the features and the buying process.

Q & A

What is the main topic of the video?

The main topic of the video is about buying a first car in Canada, with tips and experiences shared by the host, Igor.

Why did Igor decide to make this video?

Igor decided to make this video to share his personal experiences and tips on buying a car in Canada, especially for immigrants or newcomers who might face different challenges compared to their home countries.

What was Igor's first car in Canada?

Igor's first car in Canada was a Toyota Echo 2005, which he purchased for cash around three thousand dollars.

What mistake did Igor make with his 2015 Honda Civic purchase?

Igor made the mistake of leasing the car instead of financing it, which resulted in a high interest rate and the risk of the car being taken away at any moment.

Why was Igor unable to get finance for his Honda Civic?

Igor was unable to get finance for his Honda Civic because he was not a Canadian permanent resident at the time, being on a working visa and international student graduate on a work permit.

What was the issue with the Hyundai Santa Fe that Igor purchased?

The issue with the Hyundai Santa Fe was that it had a rolled-back odometer, which Igor discovered after purchasing the car for three thousand five hundred dollars.

What is the importance of a carproof or Carfax report when buying a used car?

A carproof or Carfax report is important as it provides the vehicle's history, including any accidents, claims, and service records, which can help potential buyers make an informed decision.

What is Igor's recommendation for buying a car under $10,000 in Canada?

Igor recommends buying a car under $10,000 off Kijiji, a Canadian online classifieds site, but advises to check the car's history with Carfax, take it to a mechanic, and negotiate the price based on the mechanic's inspection.

Why does Igor suggest buying a car over $15,000 from a dealership?

Igor suggests buying a car over $15,000 from a dealership because they offer certain standards, inspections, certifications, and services that provide assurance and peace of mind for the buyer.

What is the dealership Igor recommends and what special offer does he mention?

Igor recommends Canyon Creek Toyota and mentions that viewers of his YouTube channel can get a special discount if they mention his name when visiting the dealership.

What is the car Igor ends up purchasing and why is he excited about it?

Igor ends up purchasing a Toyota vehicle that can fit seven people. He is excited about it because it is spacious, has advanced features like GPS and dual climate control, and represents a practical and reliable choice compared to a luxury car.