Can You Break a Car Lease Without Penalties? It’s Simpler Than You Think!

How can I break my car lease in Ontario? Without the penalties that is.” This is a question that we often get asked. Today, we’re going to reveal how you can do just that!

When you first sign a car lease, it can make you breathe a sigh of relief; you’ve made paying for that expensive new vehicle much easier! However, you didn’t think there would be any problems down the road but circumstances have changed, and now you need to get out of that car lease fast and without being on the hook for outrageous fees. In the vast majority of cases, it’s only worth it to break your lease if you have a serious and non-preventable reason for doing it.

In most cases, breaking the lease means you must pay all of the remaining lease payments plus a termination fee, putting a large dent in your wallet. Figuring out how to get out of a car lease early can be costly, but there are multiple options that you can choose from. You won’t be able to escape all the fees, but luckily, there are ways to get out of your lease and keep the costs at a minimum.

Let’s take a look at three ways you can break a car lease in Ontario with the least possible ramifications.

 

Use the Early Buyout Option

One way to get rid of your lease is to take the early buyout option that’s built into your lease and actually purchase the vehicle.  The company will calculate the approximate value of your vehicle and how much you should pay for it based on how much you’ve already paid into the lease. 

Once you’ve bought the car, you can try to sell it to a dealership or to someone else. Before you buy, it’s worth getting a dealer invoice report to help you with your purchase. With this method, you aren’t penalized in any way and if you can find a buyer, you can potentially make all your money back too!

 

Trade The Lease

Another option is to transfer your lease to someone else if your lease allows it. There are people out there who are looking for short-term vehicle solutions; shorter than what a dealership can offer them. By using a lease trading site, you can pass the lease to someone else and have them cover your costs for you. This option will cost the least and have zero financial implications, however it’s important to make sure you check the fine print of your lease to make sure you aren’t held accountable.

 

Offset Payments

Rather than directly terminating the lease, it’s better to communicate to the leasing company that you’re currently in a financial pickle and you need the payments waived for a short period of time. There are quite some companies that will acquiesce to this request, either by reducing lease payments or suspending them for a certain duration.

Of course, you will have to make good on the balance in the future, but this is a very viable option to sidestep penalties at present.

 

If You’ve Got Leasing on Your Mind, Get a Car Dealer Invoice Report Today!

Dealing with a vehicle loan can be a messy experience. Before you purchase your vehicle, you should get yourself a dealer invoice report. Your report will reveal MSRP, leasing and financing options and recommended dealerships for a make and model of your choice. The negotiations and leasing process will be so much easier for you in the future. 

Get Your Free Car Report

Which is a Better Decision in the Long Run – Buying a Used or New Car?

“Should I buy a new car or is a used car more my speed?” A question that has, no doubt, baffled many. Today, we’re going to make your decision very easy. 

 

Let’s Get Down To It

The decision between a new and used one is something everyone goes through, possibly even multiple times with each vehicle purchase and it can be hard to decide which is the best offer and what would work best for your lifestyle and budget.

Here at CarCostCanada™, we supply consumer new car price reportshelping you get an edge during the negotiation and get your ideal car. With your report, you can access exclusive information like factory rebates, recommended dealerships, comparable vehicles, vehicle pricing and financing options and so much more. 

Without further ado, let’s dive into the pros and cons of a new vs used vehicle.

 

Used Cars: The Hidden Risks

The selling point of a used car is the price. After a couple of years and taking into consideration the growing mileage, the depreciation of a car’s value can go fast within the first half of its life but slow down during the latter half. But this also poses a risk. A huge disadvantage with used cars is that sometimes you just don’t know what you are getting into. A car could have great mileage but break down frequently, costing you a lot of time and money which you thought you were saving.

You will have to most likely compromise on your ideal features and qualities to get the car with the best possible mileage and history and thus the least risk and worry. Used cars can also have minimal benefits, giving you a higher interest rate and no warranty so there is no protection in case the car had issues within the first few months of using it.

 

New Cars: Is This the Right Option For Me?

A new car comes with a laundry list of benefits. A quality vehicle provides the advantage of the latest features, some of which might include; being able to see maps right on your dashboard screen, a back-up camera, and Bluetooth phone connectivity. With newer cars come better gas mileage, lower emissions and, if you invest in a hybrid, the outcome of cutting down on gas costs in the long run. 

New cars also come with a warranty so if anything happens during your warranty then it will probably cover the cost of the damages and repairs. You might think a new car will be costly but many dealerships offer special reductions in rates such as 0% financing or a great interest rate. 

 

New Dream Car Costs Too Much? Here’s What to do Next!

CarCostCanada™ offers dealer invoice price reports to help you purchase or lease a new car at the lowest price without any hassles or complications! These price reports show you the dealer cost, hidden factory incentives, and rebates that the dealer is not obligated to reveal. The report gives you an edge when negotiating a price for any make or model of your choice. 

Knowledge is power and with our price reports, you will know what will be a fair price and not be taken advantage of without wasting countless hours trying to research. Our price reports guarantee you will save money on your new car!

Currently, we are offering two free price reports so you can price and build two separate car makes and models to help find your exact right fit. Don’t wait, finally get your ideal car at your ideal price! 

Get Your Free Report Right Now

Tesla Debuts The Future of Pickup Trucks: Meet the Electrifying 2021 Tesla Cybertruck

There’s a new competitor in the pickup truck market: the Tesla Cybertruck. The automotive tech giant has taken its first step into the largest vehicle market in the US by unveiling its newest vehicle design on Thursday. 

While the Cybertruck’s launch is still a year away, there are quite a number of Tesla models that you can whet your appetite with!

If you’re interested in purchasing a Tesla vehicle in Canada, don’t forget to get your dealer invoice price report for any of their existing models before you buy!

This will give you access to great incentives, rebates and makes negotiations so much easier. 

Without further ado, let’s delve into the Tesla Cybertruck slated for a 2021 launch. 

 

“Better Utility Than a Truck With More Performance Than a Sports Car”

The Cybertruck looks like nothing Tesla has ever created before-huge, tough and powerful, it looks right at home in a science fiction movie. Featuring an exterior made from the same cold-rolled steel as the SpaceX, the truck can do pretty much everything: drive at high speeds(for a pickup), pull a great deal of weight, and even resist small arms fire and physical damage.

The key to the Cybertruck is its capability; pickup trucks are among the most popular vehicles in the US, so the Cybertruck would have to be robust and capable to have an impact in the market. Pickup trucks are frequently put to work doing difficult jobs, traversing rugged conditions or towing heavy loads. In true Tesla fashion, it certainly delivers in these areas-at least according to the numbers provided by Musk during its unveiling.

Set to debut in late 2021, the base model will retail for $39,900 and will feature a  single motor that will be able to provide roughly 250 miles on a full charge and be able to hit 60 MPH in 6.5 seconds. This model also comes equipped with a 3,500-pound payload limit and 7,500-pound towing capacity-very impressive for a vehicle like this. 

Tesla will also be rolling out two more versions that build upon the base model’s statistics. A dual motor $49,000 version provides 300 miles of range, can tow up to 10,000 pounds and hit 60 mph in 4.5 seconds. Lastly, the top of the line variant, retailing at $69,900, will be able to go more than 500 miles between charges, hit 60 mph in under 60 seconds, tow up to 14,000 pounds, and begin production in late 2022. 

An additional feature of the Cybertruck that helps distinguish it from the competition is the ability to function as a portable workstation-it comes equipped with 120 and 240-volt power outlets and an onboard air compressor, making it suitable for a variety of job environments. 

Should the driver take it away from the rough-and-tumble open roads into the tight constraints of a city, the Cybertruck also includes the now-standard ability to parallel park itself, making it a truly versatile vehicle. 

 

The future of Tesla looks very exciting with the Cybertruck on its way!

If you’re interested in purchasing a Tesla vehicle in Canada, don’t forget to get your dealer invoice price report for any of their existing models before you buy! 

It will allow you to compare costs, financing options, factory incentives and more to make your decision easier and ensure you get the best deal possible.

Watch this space to stay updated on when we make the Tesla Cybertruck dealer invoice report available.

Groundbreaking Electric Cars That Will Take Over the Road in 2020

The future of the vehicle industry is shockingly bright-more and more vehicle manufacturers are committing to making their products run purely on electricity. That’s because electric vehicles are much cheaper to operate and maintain, reducing greenhouse gas emissions from burning fossil fuels and deliver better overall performance. 

If you’re considering purchasing a new vehicle in the near future, you may want to consider going the electric route-they can potentially save you a ton of money!

Our site features the latest models of electric vehicles, complete with dealer reports on all models Say, you’re looking for the cost of a BMW electric car in Canada, check out our reports page for more!

Let’s take a look at some electric vehicles that will be on the roads next year.

 

Jaguar I-PACE

The I-PACE is Jaguar’s premier car of the future and the first all-electric SUV to be offered by the company.. It has already picked up numerous awards, including 2019 World Car of the Year-a testament to this vehicles’ power and versatility. The I-PACE is powered by twin electric motors that are integrated into the front and rear axles. These motors provide it with 394 horsepower and 512 lbs of instant torque, allowing it to accelerate from 0-100 in 4.8 seconds! It’s also great on conserving power-it features full brake regeneration, meaning that as soon as you lift your foot off the accelerator, the I-PACE begins to slow down and converting the power being generated back into the battery to ensure longevity. 

 

Chevrolet Bolt EV

Chevrolet first introduced the affordable Bolt model several years ago, and it continues to go strong with a new and upgraded iteration out next year. The major change it features is an upgraded full charge EPA-estimated range of 259 km-10% better than the older models and best in its class. This was achieved by boosting the efficiency of the existing battery cells instead of creating an entirely new design.  It’s driving dynamics haven’t changed, meaning it’s still an extremely fun vehicle to drive that gives you both range and affordability in one solid package. 

 

Kia Soul EV

This new offering from Kia lets you drive the future. This fully-electric vehicle features  quiet smooth-power performance combined with a regenerative braking system. Every time you hit the brakes, the vehicle will automatically capture a small amount of energy and recycle it to the battery, reducing the need for charging and increasing efficiency. The Soul EV also features a great charging speed-you can charge up to 80% of its battery life in approximately 54 minutes-far better than the competition! If you’re looking for true efficiency, the Soul is the way to go. 

 

Hyundai Kona Electric

The 2020 electric version of Hyundai’s premier electric SUV features a long driving range and smooth control that makes it one of the best electric vehicles available. Its powerful lithium-ion battery provides up to 415 km of all-electric driving range. It also features aggressive regenerative braking, which allows it to extend the driving range even further than normal. Hyundai has doubled down on battery efficiency by also implementing a battery-warming system in the premium version of the Kona to allow drivers to extend their driving range in the frigid winter temperatures.

Thinking about getting an electric vehicle? Make sure you get a dealer invoice price report! We offer reports for any make and model-you can compare costs, financing and payment options, factory incentives, discounts and more to help make your choice so much easier!

Curious About Which Midsize Sedans Have the Highest Owner Satisfaction?

Whew, the Canadian auto industry has an impressive lineup of sedans. These beauties are getting their fair share of the action. Now conventional avenues of thought have spurned the humble sedan for the mighty SUV in the past, but if 2019 was anything to go by, the trend is now shifting. 

If you’re researching the best midsize luxury sedan price Canada, Car Cost Canada has some amazing incentives and rebates in store for you. It all starts when you get a dealer invoice report. This report reveals the new car invoice price and makes negotiations with the dealer 10x easier!

First, you have to choose the right sedan for your budget and lifestyle. Below, we’ve listed the best cars that have made owners very happy in the past. 

 

2020 Ford Fusion

This fuel-efficient midsize sedan exudes style inside and out. It features the latest driver-assist technologies and comes with 3 different powertrain options. Owners of the Ford Fusion have reported that it provides a smooth ride and the cabin offers ample space across its comfortable two-row seating. All in all, the car packs quite the punch and promises to make for a very enjoyable ride. 

 

2020 Honda Accord

Car gurus have revealed that you’d be hard-pressed to find a family sedan that delivers as nice a drive as the Accord. The hallmark of this vehicle? Its athletic chassis, light-weight steering and balanced ride. Drivers can expect the usual lineup of features; lane-keeping assist, adaptive cruise control, emergency braking and the likes. The Accord is easily one of the best-equipped options in its class and a viable preference for even the most demanding of car buyers. 

 

2020 Toyota Camry

The Camry boasts of a sleek shape and features a driver-oriented dashboard. Some good news for Android users; the sedan has finally been brought up to par as its Apple CarPlay compatibility will now be joined with Android Auto. The base version offers gentle handling in ironic contrast to its sporty exteriors. The base 203 horsepower engine supplies the front wheel through an 8-speed automatic transmission. To bottom line it, the Camry has beautiful spacious interiors and offers Prius-grade fuel economy. 

 

2020 Audi A3

Hailed as Audi’s most phenomenal achievement, the A3 is luxury all the way. The 2020 model boasts of exciting new equipment coupled with the beloved classics. Drivers can expect a smartly designed interior and punchy turbocharged engine. Although cargo and passenger capacity are a bit minimal, the A3 makes up for this by being one of the most affordable options in this segment. 

 

2020 BMW 5 Series

The BMW 5 is nothing if not comfortable, fitting four adults in its spacious cabin with room to spare. BMW has administered quite the list of improvements in engine, transmission and performance. All 5-series models are competent handlers, although they do not have the same driving verve as previous models. The bottom line? If you’re looking for an outstanding executive sedan with few vices, the 5-series may just be for you. 

 

Got Your Eye on a Great Sedan?

The Next Step Is…

A dealer invoice price report! You can get a report for any make and model and compare costs; MSRP, financing options, factory incentives, and more. This will make your buying decision much easier. 

Request your dealer invoice report today!

Psst, This is What Your Dealer Invoice Report is Trying to Tell You!

We get it. As a millennial, you have a lot on your plate, everything from paying off that student loan to making your monthly rent – life isn’t easy. 

Luckily, your new car buying experience doesn’t have to be rife with annoying challenges – challenges you clearly don’t need right now. 

Studies show that most millennials optimize the online car buying process more than other buyers. This often reaps big price benefits and is a HUGE time-saver. Where to start? One of the best ways to kick off your online research is with a handy-dandy dealer invoice price report

This report makes the negotiations process 10x easier. For one, you can choose any make and model and almost instantly access information like factory incentives, how much the dealer paid to own the car, leasing and financing rates, vehicle pricing, great insurance quotes and more. 

Let’s say you want to know the cost of a Mazda CX-3 in Canada, all you have to do is complete a short online process on our website that starts with choosing the right model, and within minutes, you’ll have the report sent to your email! A smart shopper is a happy shopper. With this report in hand, it’s easier to negotiate with dealers and properly budget for your new car. 

Look, we know you’re new to this. Today, we’re going to walk you through a car dealer invoice report, help you understand what each section means, and how you can use this information to your advantage at the dealership!

 

Pricing Guidance

This section offers a very useful formula to help you calculate the best deal. 

Your Best Deal = Invoice Price – Your Eligible Incentives + Member Markup

You will find that this section also details the different markup categories and helps you understand which you fall into. For instance, the markup margin could drastically change depending on whether there are any sales, inventory clear outs or if you’re opting for a high volume model. The markup margin is typically between 5% to 8% for most premium, luxury and high-demand-low-supply models. 

 

Factory Incentives

Those juicy incentives that your dealer may not always tell you about! These factory-to-dealer incentives reduce the cost the dealer pays to the manufacturer to own the vehicle. They are available on a regional basis and for certain models. 

Such types of incentives work on a don’t-ask-don’t-tell basis; meaning, dealers are not obligated to reveal these rebates to customers. It’s up to you to negotiate in order to benefit from them. Depending on the incentive and the dealership in question, these may run as high as $2,000. 

These may include; First Time Owner’s Program, Grad Awards, Clearout Events, Mobility Programs and the likes. 

 

Lease and Finance Rates

The report also details factory lease and Scotiabank finance rates for the chosen make and model. This is one of the most beneficial sections as it gives you an insight into long-term car payments and helps you accordingly budget for your vehicle. Car Cost Canada is always updating its system with the latest rates so that you receive real-time information that you can use to your advantage. 

 

Other Incentives

This section covers;

Clearout Event

Consists of a pre-tax cash rebate or a winter tire rebate. 

Owner Loyalty

A 1% rate reduction for current Mazda owners and family members residing at the same address that finance or lease a new Mazda. 

 

Recommend Dealerships

Car Cost Canada collaborates with a huge network of trusted and experienced dealerships. Our mission is to ensure you enjoy the best buying experience and maximize your savings. 

Your report will provide the contact information of a certified recommended dealership along with the salesperson you can reach out to. It’s important to take the report with you to the dealership so that the dealer can work with you to keep negotiations to a minimum and help you get the best deal. Make sure to mention that you are a Car Cost Canada member!

 

Vehicle Pricing

An avid car shopper like yourself isn’t satisfied without the full picture. This report also compares the vehicle’s dealer cost versus its retail price. It touches on the base price, freight, optional equipment chosen, colour, and federal AC excise tax. 

 

Comparable Vehicles

In case you aren’t quite sure about your car choice, don’t fret! We also provide a list of cars in that same price range and with those same features that other shoppers with your buying habits have shown an interest in. 

What do we recommend? Get a report for each of these vehicles and comparison then becomes a breeze!

 

Car Insurance

To top it all off, Car Cost Canada also helps fetch you the best insurance rates. We’ve partnered with Sonnet, a trusted and reliable website that offers home and auto insurance quotes online. After going through a few simple questions, you can get a great quote within minutes. 

 

It’s fast. It’s easy. It’s time. 

Don’t fall prey to that annoying car negotiation process where you leave with an inflated quote.

Get your dealer invoice report and save a ton on your new vehicle. 

Hybrid vs Electric Cars: Help! How Do I Choose?

Ah, the age-old question; Should you invest in a trusty hybrid vehicle or go for a sleek electric car? Your decision is about to become so much easier after this 5-minute read. 

Before we move forward though, we want to remind you about the benefits of getting a dealer invoice report. This free report will be sent to your email in minutes. You can choose any make and model and see how much the manufacturer paid to own the vehicle (MSRP), the financing options, exclusive incentives, comparable cars and more.

So let’s say you’re itching to know the cost of a BMW electric car in Canada, we’ve got you covered! The dealer report makes the whole negotiations process 10x easier! 

Let’s dive in. Below, we highlight the pros of hybrid and electric vehicles, and help you figure out which suits your lifestyle. 

 

HYBRID CARS

Let’s start with the basics. A hybrid car relies on one of many propulsion methods. This essentially means that these cars combine conventional gasoline engines with an electric motor. 

There are 3 kinds of hybrid cars in the market;

 

Parallel Hybrid Cars

The vehicle’s wheels are powered in one of 3 ways; by the engine, the electrified motor or a combination of the two. It is a very affordable option for traffic-laden city drives that call for a lot of stopping and starting. 

 

Range Extender Hybrid Cars

These vehicles leverage their conventional engine to create the electricity that charges the battery. Basically, the car is not driven by the engine; this only exists to power the electric motor. 

 

Plug-in Hybrid Cars

Self-explanatory. This vehicle is plugged into an electric point to amp the batteries. Plug-in hybrids lie somewhere between conventional hybrids and fully electric cars. These can accommodate longer drives (up to 50 km in some cases) as the batteries tend to be larger than those seen in regular hybrids. 

 

Benefits of a Hybrid Car

  • The stop-start system is fuel-efficient 
  • Light in weight when compared to electric vehicles
  • Offers a great combination of efficiency, usability and cost
  • Higher resale value than conventional gasoline cars
  • The gasoline-powered internal combustion engine delivers a longer range and longer journey

 

ELECTRIC CARS

All-electric vehicles have picked up immense traction recently because they are cost-efficient and now, increasingly affordable. EVs utilize an electric motor in lieu of an internal combustion engine. 

Seeing as it runs completely on electricity, there are zero tailpipe emissions, making it an environment-friendly alternative to conventional and even hybrid vehicles in some cases. 

While we’re on the subject, if you’re interested in knowing the invoice price of a Tesla vehicle in Canada, why not get a dealer invoice report? The process is super quick and easy. 

Battery Electric Vehicles (BEVs) are the least complicated of all vehicles seeing as even the simplest of internal combustion engines have a myriad of moving parts. An EV only has its motor. 

And with innovations from Tesla, Nissan and BMW, there are so many affordable options hitting the market for the budget-savvy shopper!

 

Benefits of an Electric Car

  • Provides mechanical simplicity, meaning it will need less maintenance than internal combustion vehicles
  • Offers plenty of instant torque
  • Enjoy near-silent performances
  • Zero tailpipe emissions and no emission testing
  • Better vehicle handling because of the lower centre of gravity

 

THE BOTTOM LINE

A hybrid is a great buy depending on your driving habits and lifestyle. Remember that these have a smaller battery than full EVs, hence they can only accommodate limited distances. 

The biggest factor that separates hybrids and electric cars is the fuel type. While both are energy-efficient, electric cars offer greater fuel flexibility. Moreover, hybrids typically run the owner into all the regular maintenance costs than are seen in conventional internal combustion vehicles; engine oil, transmission fluid, coolant, belt replacements and so on. 

EVs avoid these extra costs, however they naturally still have all the universal expenses like insurance, tyre changes, structural fixes and so on. 

When making your final decision, it’s important to consider your commute, long-term ownership costs, and driving habits.

 

Unsure about electric or hybrid?

It’s time to get a dealer invoice report. You can get a report for any make and model and compare costs; MSRP, financing options, factory incentives, and more. This will make your buying decision much easier. 

Request your dealer invoice report today!

These Exciting 2020 Cars Will Transform Your Driving Experience (and Your Savings)!

It’s about that time, folks. The new year is almost at hand and you know what that means! We’re about to see some sleek, stylish and budget-friendly cars hit the road very soon. 

Automakers are promising to go all out with this incoming class of vehicles. If you’re shopping around for a new ride, why not check out what the new year has in store? Below, we compiled a list of the hottest rides that are fuel-efficient and affordable. Electric vehicles, hybrids and conventional models, there’s a lot to watch out for!

Before we get started, we want to remind you about the amazing benefits of getting a FREE car dealer invoice report. Let’s say you want to know the Toyota Tundra dealer cost in Canada, a car report will reveal the MSRP (Manufacturer’s Suggested Retail Price – how much the dealer paid to own the car). 

You will also see a breakdown of the financing options, factory incentives, lease and finance rates, and recommended dealerships for that make and model. The report helps make the negotiations process 100x easier! 

Without further ado, let’s explore the best new models set to change the game in 2020!

 

2020 Nissan Maxima

Nissan has done it again. The 2020 Maxima is a full-sized sedan that is luxurious, functional and thrilling. Packed with a 300-HP VQ35 engine, it is beautifully crafted with a micro-finished forged crankshaft and high-flow tuned induction system. 

The car boasts of an ergonomically designed shift lever, display commander dial and sport mode button, along with its state-of-the-art NissanConnect navigation system; compatible with Apple CarPlay and Android Auto. 

Available in black and carbon-fibre, car enthusiasts will immediately appreciate the sedan’s quality materials and ideal placement of controls. 

Curious about the price? Get a Free 2020 Nissan Maxima dealer invoice report

 

2020 Hyundai Elantra

This mainstream compact sedan has plenty to offer – without cleaning out your bank account! What’s new? The upgraded continuously variable transmission (CVT) that significantly improves fuel consumption by 3 to 6 kilometres per gallon. The standard safety equipment comes with forward-collision mitigation and automatic emergency braking, lane assist and driver-attention monitoring. 

The Elantra’s base 147-HP engine sure packs a punch and the electrically assisted steering delivers an enjoyable driving experience. All in all, with its emphasis on luxury and generous standard equipment, the sedan is shaping up to be a crowd favourite. 

Curious about the price? Get a Free 2020 Hyundai Elantra dealer invoice report

 

2020 Toyota Prius Prime

Toyota describes this car as  a ‘Hybrid plug-in style model that makes a statement.’ This model has bold colours, striking LED headlights and a unique dual wave rear glass that evens out the airflow. 

With heightened performance and handling, the Toyota Prius Prime boasts of a driver-centric console with soft-touch materials, heated front seating and Qi wireless charging. It is great for a long drive, given the ample storage space to tote around whatever you need. 

The car combines a high-capacity battery with an electric motor to pack a punch. It can achieve a top speed of 135km/hr all the whole delivering seamless acceleration. 

Prime’s EV mode generates zero transmissions and still delivers an amazing performance. You won’t find much amiss with this model.

Curious about the price? Get a Free 2020 Toyota Prius Prime dealer invoice report

 

 Any of These Catch Your Eye? 

Get a Dealer Invoice Report to SAVE Big!

When you select a make and model and request your free report, you will immediately gain access to the following information;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

With this information, you can access certified recommended dealerships and the negotiation process then becomes a breeze. 

What are you waiting for? Save big with your CCC report!

New Car Research is a Drag. Shorten the Process to Just a Couple of Minutes!

You’ll agree when we say; we live in an age of information overload. Even when it comes to researching a car, you probably know by now that there are so many random tidbits of information that need to be accounted for; the price, the make, the model, the financing options, the dealership, whew, just reading that was probably tiring!

Great news! We’re here to fast track the process for you. We also explain why knowing the new car invoice price in Canada is incredibly important. So for example, if you get a new price report on an Acura RDX, you can find out the MSRP (how much the dealer paid to own the car). 

This is a figure that not too many people know about, and as such struggle through the negotiations process. Don’t put yourself through that scenario. Shop smarter with a Car Cost Canada report!

Alright, let’s get started!

 

PRICE

Establishing a budget before shopping around is key. Here are the factors you should pay attention to when crafting a budget:

Trim Level: Each subsequent trim level comes with added features. Going from one to the other can elevate the base MSRP by as much as $1,500. 

Manufacturer Features: Manufacturer add-ons like safety, extra gadgets and so on, can also elevate the base MSRP by at least $1,000.

Fees: Regulatory fees, freight, air tax, PDI among a few, are some of the additional fees that could hike up the price by as much as $2,200 per vehicle. 

Dealer Features: Rust-protection, VIN etching and the likes offered by the dealer will add approximately $1,000 to the base MSRP. 

Sales Taxes: This is a percent of the MSRP and added charges that varies by province and territory from anywhere between 5 to 15%. 

 

FINANCING OPTIONS

Now that you have your budget in place, let’s look at potential financing options!

Car Leases: This is similar to long-term rentals. You will have to make regular payments, usually lasting for 3 – 5 years. You will not own the car once the lease terminates. However, some contracts do offer the option to purchase the vehicle at the end of the term. Such leases are arranged by dealers. Be sure to carefully read the fine print before signing any contracts. 

Car Loans: You can either procure a loan through the dealer or through a financial institution. 

When you go to a dealership, the dealer takes care of the intricacies with the lender whether that is the manufacturer’s financing division, a bank or credit union, or a car financing company. 

When you approach a financial institution directly for credit, you may be able to negotiate a better interest rate, if you have good credit and a good relationship with the lender. 

Rent-to-Own: These are much like car leases where you have to make regular payments for a certain period of time. The difference is that with a rent-to-own plan, you have to make payments directly to the dealership or rental company instead of a credit union or bank. 

 

GET A DEALER INVOICE REPORT

Getting yourself a dealer invoice report is half the battle won. You can choose your model, make and trim level and get your free report in your email within minutes. Your report will show you;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

By getting a dealer invoice report from Car Cost Canada, you can cut down your research by half. This report reveals everything you need to know before approaching the dealer. 

Plus, dealers are more open to negotiating when they see you’ve done your research and have a report on hand. 

Shop smartly and save big on your next car.

Get a FREE Dealer Invoice Report Right Now. 

Buying a Car? Breeze Through That Test Drive the RIGHT Way!

You’re in the market for a new car!

There’s nothing quite as exciting as checking out all the makes and models, narrowing down your list and test driving those final few. As fun as this is, there are certain hitches throughout the process that can trip you up, especially when it comes to that tricky test drive. 

In this article, we navigate you through this elusive art, and also explain why it’s so so SO important to familiarize yourself with the car’s dealer invoice price in Canada before putting down your money.  

A dealer invoice report breaks down the MSRP (how much the dealer paid to own the vehicle), factory incentives, financing options, and more! So for example, if you’re curious about the BMW series 8 dealer price in Canada, a dealer invoice report is your secret weapon to making the negotiations process simpler. 

Without further ado, let’s delve into the different techniques to adopt when test driving your dream car. 

Research, Research, Research

We urge you to read reviews from people who’ve test-driven the same model before, get a dealer invoice report and effectively narrow down your top picks. The last thing you want to do is test drive more cars than you need to. 

Create a checklist that meets your main criteria. When you do your homework, it’s much easier to identify the things you want and don’t want in the car and by default, it becomes easier to identify the things you like or dislike during the drive!

Bring a Buddy

Granted, you may not be a car savant, and that’s okay. Bring along a family member or friend. Even if they’re not as savvy themselves, that extra pair of eyes elevates the chances of noticing something that you may not. 

Plus, they can provide valuable feedback as to what it’s like to ride as a passenger in the vehicle. Inexperienced buyers greatly benefit from bringing someone along as there are many potential concerns that crop up during your negotiations with the dealer that call for added support. 

Inspect the Vehicle

Yes, looks matter! Conducting a visual inspection is as important as getting behind the wheel and giving the car a whirl. What to look for?

  • Make sure the size is optimal, and that the car will easily fit into your garage; break out the measuring tape if you must!
  • Inspect the cargo space and glove compartment; too much or too little will be a problem later on.
  • How about that legroom? The interior space should be sufficient for the driver and front and back seat passengers. 
  • Adjust the seats to see if this can be done quickly and comfortably. 
  • Try out the Bluetooth, GPS and radio to make sure there are no glitches. 
  • Experiment with the buttons and knobs to ensure that everything is accessible and intuitive to use.

Get a Dealer Invoice Report

Now you may be wondering; how is a dealer invoice report vital to my test drive? As it turns out, this handy report is vital to not just your test drive but the entire buying process. Allow us to explain. 

When you select a make and model and request your free report, you will immediately gain access to the following information;

  • MSRP (Manufacturer’s Suggested Retail Price – what the dealer paid to own the car)
  • Factory incentives
  • Lease and finance rates
  • Recommended dealerships
  • Vehicle pricing options
  • Comparable vehicles

With this information, you can access certified recommended dealerships and the negotiation process then becomes a breeze. 

A majority of dealerships make a profit of 8.7% on selling a new vehicle. When you know the MSRP, follow the 3-5% rule – add 3-5% on the invoice figure in your report to calculate the most lucrative negotiation price!

Test driving is nothing by itself if you don’t get a good price without breaking your budget, right? Right! That’s why we encourage you to get a free report today – no matter the make and model you have in mind, we got you covered. 

We’re here to help. Request your free dealer report right now.