DONT Forget This Before Buying a Car | Tips for Car Buying in Canada

You NEED to take a look at these tips for car buying in Canada. If you really want buy the best car for yourself and at the same time, you want to save money then dont forget this before buying a car. Our video explains all the things to know before buying your car in Canada. Whether it is a used car or a new one, from insurance to gas, we bring you the most useful information along with cost-saving tips!

0:00 - Intro
0:27 - Dont forget this before buying a car
0:42 - Used car
0:50 - New car
1:10 - Additional costs
2:09 - Interest rates
2:35 - Maintenance cost
2:51 - Long-term and short-term expenses
3:30 - Pro Tip
3:50 - Gas budget
4:20 - Gas Buddy
4:31 - Car insurance
5:19 - Lowestrates.ca
5:35 - Seasonal expenses
6:11 - Parking and tolls

I will also give advice on the following -
1) things to know before buying your car in Canada,
2) car buying tips for 2021,
3) things I wish I knew before buying a car,
4) leasing vs buying a car in 2021,
5) lease vs buy a car in 2021,
6) car buying costs,
7) buying a new car vlog,
8) hacks to buy a car,
9) buying my first car realistic,
10) what to look for when buying a used car from a private seller,
11) car safety features explained,
12) cars under 10k in 2021,
13) how much car can I afford,
14) how to avoid car dealership scams,
15) car expert advice

Resources
Toronto parking bylaws: https://bit.ly/3cAUoZj
Car sale deals: https://www.autotrader.ca/
GasBuddy: https://www.gasbuddy.com/

Credits:
Talent: Adnan Feroz
Director/Camera operator: Harshit Patel
Assistant Director: Harsha Patil
Editor: Manish Malviya & Harshit Patel

Additional Footage & Music by : Storyblocks & Envato Elements

Adnan Feroz
A Serial Entrepreneur heading multiple businesses in Accounting, Coaching, Construction Consulting, E-commerce, Film Production, Marketing, and a Studio House. Also, crazy enough to be an Award-winning Real Estate Agent, a YouTuber, an International Bestselling Author, and a Podcaster.

Accounting: https://accountingdoc.ca/
Construction Consulting: https://adbinc.ca/
Film Production: https://waaizup.com/
Marketing: https://waaizup.com/

Real Estate: https://torontorealestatepro.com/
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Typical Used Cars starting from $3000. A decent used car can be purchased for $7-10k. Typical New cars start from $15k.
There are quite a lot of Hidden charges on Car purchases from Car dealerships.
Taxes: 13% HST on the Purchase price of the car
Air Tax ($100)
Tire taxes $20-30.
Freight Delivery & Pre-Delivery Inspection: Delivery of car from the Manufacturer to the dealership and Detailed Inspection upon Delivery.
Fuel Charge to fill up the gas tank.
Title and Plate Registration Fees ($200-300)
Admin Fees $200-300
Additional Upsells that dealerships will offer after they have finalized your sale will be Extended Warranties, Rust Protection, Paint Protection etc. (Please note sometimes these are hard sells and may not be worth the money with the exception of extended warranties.)

Buying a car (Auto trader, Kijiji) vs Dealers
Long term vs short term expenses: Japanese Cars are a bit more expensive in the used market as they hold value, American and German used cars are cheaper as they depreciate a bit faster but are more expensive to maintain.
New Car vs Used Cars (Interest Rate Angle) 0% Interest Rate vs 7-8% Interest Rate
Demo Model
Deals: Trade-in or Lease transfers or Buy backs

TIP: Buying tires - You can get tires for cheap at Costco but you can get them cheaper from Simply Tires & Buy Tires in Packages, They are cheaper! Costco offers Free tire rotations and Flat repairs for the life of tires.

Gas/Fuel Expense
Also known as petrol in other parts of the world, yea we call it Gas!
Typical Gas Budget for commuting in toronto is around $250/month
Petro Canada - Petro Points
Shell - Air miles
Costco Gas typically 5-7 cents cheaper
Ultra mar - Thursday Savings - yearly calculations
GasBuddy - mobile app Shop around for cheaper rates Simulator

Car Insurance
The average auto insurance cost in Ontario is $1,634 per year. Most drivers pay in the range of $1,300 to $1,800 annually. Insurance is greatly depending on many factors such as
Age
Gender
Type of the car
Price
Color of the car
Canadian Driving History
Where you live etc.

TIP: Some insurance companies will offer you discounts of upto 10% to have your driving habits tracked. Some people are okay with it, I say NO Thank you!
Also you could get an additional 5-10% for multi car discount and bundling your car and home insurance.