Tips you should know before buying a new car?

Buying a car can be really stressful. Indeed, after buying a house, it is one of the biggest expenses in our life. Therefore, as a customer, you need to be prepared. Tips like knowing your needs, establishing a budget, doing some online research and doing some test drives are all good things to help you make a better decision and help you negotiate. Let’s look into these tips a little bit more. 

Determine your needs or wants for your next car

One of the first things to do when buying a car is to decide what kind of car you want. It may be to meet a need, such as transporting equipment or children. Or it may be a car you’ve wanted for a long time.

To help you choose the type of car, you can also look at the gas consumption, the number of seats based on the space you need. You can look at the engine if you need to transport things. There is also safety and comfort for you and your family if you drive a lot.

To help you determine your needs, the ebook, The Road to the deal is a must-read for information on how to budget, understand pricing guidelines, choose the right vehicle and negotiate the best price. Get all the guidelines for buying a new vehicle from two Canadian automotive experts.

Establish a realistic budget

Another important thing to plan for is your budget. You should consider having a monthly budget for your payment that you feel comfortable paying each month. For example, some dealerships will give you several years to reduce the monthly payments, but in the end, the total payment will be higher. 

Also, when you’re done choosing your car, consider the pros and cons of buying versus leasing that car. You can also take into account the interest on the payments, the cost of fuel, maintenance and insurance of the car.

Therefore, all these things should be included in your budget and make sure to plan for them in advance. Another thing to plan ahead is your trade-in value if you have one. To help you out, go to CarCostCanada to get your free trade-in value.

Make an online competitive comparison between makes and models

Before you physically visit a dealership, it is always a good idea to research online for more information. The reason for this is that you are preparing to go to the dealership and knowledge is your power.  You can check out the different warranties, prices, promotions, and previews of the car you have chosen. You can also research the competition for the same type of car you have decided to buy.

To help you and make it easier, CarCoatCanada can compare different models for you and provide you with a free report. You should take a look at their website to get more information.

Ask a test drive and negotiate for the best price possible

Once all the research has been done and you’ve established what you want, it’s time to choose a dealership. To help you, CarCostCanada can do this for you by connecting you with the best dealership available for your needs.

Once you’re there, don’t hesitate to request a test drive. If possible, you can also test drive it at night to see the lights and all the features of the car. In addition, CarCostCanada can also help you negotiate with its free price report. Finally, don’t forget that extras on the car are often optional and quite negotiable.

About CarCostCanada

CarCostCanada can help you make all these stressful decisions in 3 easy steps. They have over 20 years of experience. They will simplify your negotiation and save you thousands of dollars. Learn more on the home page website and you will now be in control of the negotiation by getting your free report.


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!


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!



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%. 



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. 



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. 


One For The Road: 23 Cars That Have the BEST Resale Value

Buying a new car is an exhilarating experience, wouldn’t you agree? In fact, it probably ties with the excitement of investing in your first house. What most dealers won’t tell you, however, is that a majority of cars dramatically depreciate when you drive them off the lot by a whopping 20%. This means if you were to purchase a car for $40,000, it would be worth about $8,000 less as soon as you hit the road for the first time!

Why should this information concern you? Well, if you plan to finance your vehicle yourself, do a trade-in or, unfortunately, happen to get into an accident and require insurance to restore the car to its original condition, you need to be aware of your car’s depreciation value.

In this article, we explore 23 vehicles that retain their value the longest. We also touch upon how knowing the new car invoice price in Canada helps you get the best cars at the most affordable rates.


Everything You Need to Know About How Cars Depreciate

A question you no doubt have is, What should I know before buying a new car? You should familiarize yourself with the vehicle’s expected depreciation rate over the duration of you owning it. After the first 3 years, the average vehicle will be worth half its current worth.

Apart from the car losing about 20% of its value when taken off the lot, an American auto comparison site reveals that new cars also devalue by about 23.5% after one year and by a whopping 60% after the first 5 years! This depreciation percentage eventually whittles down after a certain duration.

There are specific factors that impact the way your car loses value over time. These are as follows;

  • The reputation of the manufacturer and the model
  • The year it was manufactured
  • The number of miles you’ve clocked up
  • The condition of your vehicle
  • The service history of the vehicle
  • The colour of the vehicle
  • Market conditions such as newer models produced by that same manufacturer or the economy at large


Fastest Depreciating Cars 2019

Another burning question is; Which car loses its value the fastest? These are some of the fastest depreciating cars in 2019;

  • Nissan Leaf – depreciates by 71.7% after 5 years of ownership
  • Chevrolet Volt – depreciates by 71.2% after 5 years of ownership
  • BMW 7 Series – depreciates by 71.1% after 5 years of ownership
  • Mercedes-Benz E-Class – depreciates by 67.2% after 5 years of ownership
  • Jaguar XJL – depreciates by 66.4% after 5 years of ownership
  • Chevrolet Impala – depreciates by 66.2% after 5 years of ownership
  • Chrysler 200 – depreciates by 48.4% after 5 years of ownership
  • Cadillac SRX – depreciates by 47.2% after 5 years of ownership


Slowest Depreciating Cars 2019

Which car has the best resale value in Canada? The Canadian Black Book published its Best Retained Value Awards recently and shortlisted these promising cars that give the buyer the best ROI and depreciate the slowest. The frontrunners in each category are as follows;


Slowest Depreciating Brands 2019

Just as they do by model, cars also depreciate by brand! What brand of car has the best resale value? According to the 2019 Best Resale Value Awards, these brands have displayed a lower than usual depreciation rate for their cars based on the manufacturer alone;

Best Brand: Toyota

Best Luxury Brand: Porsche


A question we simply have to answer at this juncture is; What sedan has the best resale value? According to the 2019 Best Resale Value Awards, these sedans and coupes depreciate the slowest;

Which SUVs hold their value the best? According to the 2019 Best Resale Value Awards, these SUVs and crossovers depreciate the slowest, making them a viable investment;


Yes, It’s True, Cars Also Depreciate Based on Colour!

As surprising as it may seem, automotive car colours are a phenomenon in and of themselves. In fact, automakers spend a lot of time trying to predict what colours will make a big splash with consumers.

The colour of the vehicle does hold monetary value and influences the residual worth of the car itself. Simply put, an in-demand colour today is likely to make your vehicle all the more popular say, 5 years from now. Thus, colour cleary sways the depreciation rate more than one might assume.

What color car has the best resale value?

As a general rule of thumb, neutral colours fare better than chromatic tones like yellow, orange or pink. In North America, these three car colours are your safest bet and won’t put you at a disadvantage when selling your car later on.

  • Silver
  • White
  • Black


Got Your Eye on One of These Cars?

Request a FREE Dealer Invoice Report. SAVE Thousands of Dollars on Your Next Car!

A dealer invoice report will reveal the vehicle’s MSRP so that you can negotiate for a great deal. When shopping through Car Cost Canada, you can also access certified dealerships, exclusive rebates, and incentives. Skip those deceptive dealer fees.

So many great deals ahead! It all starts when you get your dealer invoice report.