Before buying a vehicle, do some research on what kind of vehicle suits you and your family’s lifestyle and how much you can afford to pay for the vehicle up front as well as maintenance, gas, and insurance costs. There are many ways to find the right vehicle, including dealerships, in magazines and newspapers, and online.
Before you buy, ask yourself:
- What will you need the vehicle for?
- How much will it cost? Can you afford to pay for it all at once, or will you need a loan?
- How much gas will it use?
- How much will your insurance be?
- What warranties, if any, come with the vehicle?
- How reliable is this vehicle?
- How safe is this vehicle?
Once you know what you’re looking for, you may see what is available.
There are many ways to find the right vehicle:
- Dealerships advertise on television, the internet, and in magazines and newspapers. Some specialize in new vehicles. Others specialize in used vehicles. Some sell both.
- Dealerships are usually near each other, so it is easy to compare cars.
- Magazines such as Auto Trader list many vehicles available in your area.
If you want to buy a used car directly from the owner, most people advertise in local newspapers and online:
- Auto Trader
- Kijiji
- Classified advertisements can be found in major newspapers across New Brunswick.
Price
Once you find the car you want, you may negotiate the price. Canadians rarely pay the asking price for a vehicle, so don’t be afraid to offer less. If you’re not sure what a fair price is, you may look in what is known as the Canadian Red Book, which is available to purchase online.
When a vehicle is bought or given as a gift, it must be registered with the province. You must pay tax based on its fair market value. This tax may be either the Harmonized Sales Tax (HST) or Provincial Vehicle Tax (PVT), depending on the kind of sale. For more information, contact Service New Brunswick:
Toll free: 1-888-762-8600
Before Buying
When you buy a car, it’s important to make sure it has an up-to-date inspection sticker. The sticker is on the windshield. It means the vehicle has been inspected and is safe to drive. It’s wise to take the car for a test drive to get a feel for how well it works. If you are buying a used car, especially from a private individual, be extremely careful.
Car Loans
Vehicles are very expensive, and most people cannot afford to pay for them all at once. If you are buying from a dealership, it may offer an attractive monthly payment with a low interest rate. If not, you may go to a bank for a loan. Make sure you visit several banks to get the best deal.
Leasing
Some people decide to lease rather than buy. In this case, you usually have lower payments, but you have to return the car to the dealership once the lease has ended. Many leases have limits on the number of kilometres you can drive without paying a penalty.
Insurance
All vehicles in New Brunswick must be insured. You may buy insurance from any licensed insurance provider. There are different levels of insurance, but the minimum required by law is third-party liability insurance. This means that if any serious damage or injury results from an accident for which you are responsible, the insurance company will pay for the damages up to a certain amount.
Registration
After you buy a vehicle, you must register it with the province. You’ll need proof of insurance and proof of purchase to register a vehicle in your name. When you register, you’ll be given a certificate of registration and licence plates. Drivers may register their vehicles by going to a Service New Brunswick centre or by going online: www.snb.ca
After the first year, you’ll receive a small sticker to put on the licence plates to show that its registration is up to date. If you have a disability and need to use special parking spaces, that will be shown on your licence plate. You need to keep your registration certificate in your car.
Safety Inspections
Every car registered in New Brunswick must be inspected for safety every two years. It may be done by any certified mechanic in the province. If a car does not pass safety inspection, you must have the problem fixed within 14 days.