Advice | Do your research before starting to shop for a new car as market remains tight

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Do your research before starting to shop for a new car as market remains tight

OTTAWA - Buying a new car can be an exciting but stressful exercise in the best of times, but right now supply shortages and soaring prices for used vehicles have made buying a new set of wheels harder than ever.

He recommends buyers looking for a new car should shop around and contact several dealers in advance by email to obtain fully itemized price quotes.“Only when they are happy with the price and convinced it is the best deal in the area should they go visit the dealer in person.”“If your first choice has too long of a waiting period, consider a similar alternative with a shorter wait time. Be flexible on the options, package, and colour choice,” he said.

However, Baris Akyurek, director of marketing intelligence at AutoTrader, said prices for new and used cars are still up significantly from where they were a year ago and they are selling quickly, so it is important for buyers to do as much research as they can to be ready to make a decision once they find the vehicle they are looking for.

If you are looking at the used market, it is important to do your research and know the vehicle that you are considering, said Shawn Vording, vice-president of product and sales at Carfax Canada.

 

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