Buying a Car

Son receiving keys for his first car from his dad.

Deciding to purchase a new or used vehicle is a big decision, but doing a little research can help alleviate some of the purchasing headaches. To help you get started on your search, here are some tips:

Things to consider when buying a vehicle

  1. Research the models you’re interested in – find out about the features of the vehicle
  2. Budget – think about the up-front cost, along with the cost of car insurance, maintenance, repairs and fuel
  3. Shop around for the extra services - like fabric and paint protection
  4. Negotiate – be prepared to bring comparable prices from other dealers and companies to help you negotiate the price 
  5. Rebates / incentives – look for advertised rebates or incentives from the deal

Buying new vs. buying used

Purchasing a brand new car has many advantages. It’ll be equipped with the latest technology and safety features, plus, you will be able to customize your car just the way you like it. Buying new is typically more expensive than buying used, but you will probably spend less on maintenance and repairs. If your car is in need of major repairs, your warranty will likely cover the costs (but check with the warranty provider at purchase to see what’s included).

However, new cars depreciate in value over the first few years, so buying second-hand can get you a good quality car without the ‘new car’ price tag. While you may be paying less, the car may not be as reliable as a brand new one and it may not have the latest safety features or fuel efficiency. You could end up paying more for gas, repairs and maintenance, especially if the warranty has expired.

Choosing your auto insurance policy

Auto insurance is definitely something to spend some time thinking about. In Canada, it’s mandatory to have car insurance to operate a vehicle. Auto insurance will ensure you are protected in the case of a collision.

It may also be tempting to opt for the most budget-friendly option, but it’s always important to choose coverage that meets your needs. An insurance broker can help you determine your needs and find the right level of coverage.

What affects the cost of my auto insurance?

A variety of factors affects the amount of your insurance premium, such as:

  • Make, model, and year of your vehicle
  • Where you live
  • How far you drive each year 
  • Whether you are a new / experienced driver 
  • Your driving record

By consulting your insurance broker, you may discover ways to receive discounts on your policy. At Aviva Canada, you may be eligible for additional discounts if you own a green vehicle or winter tires. Aviva customers can also purchase additional roadside support and assistance to help if their car breaks down or they need help planning a trip or getting directions. In the event that you need to make a claim, we’re open 24/7 and will start processing your claim when you contact us to help you get back on the road as soon as possible.

Find out more about what Aviva can do for you 

Standard auto coverage

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The content in this article is for information purposes only and is not intended to be relied upon as specific professional or expert advice. Aviva Canada accepts no responsibility for action taken as a result of reliance on any information contained in this article.

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