car buying in eastern ontario

Tips for New Car Buying: Financial Management, Insurance & More

Posted by on Sep 09, 2015 in Financial Planning, and Insurance Advice

Apart from purchasing a home, a new car is one of the bigger purchases that many people make during their adult lives. And buying a car certainly has big financial management and insurance components to it, something that we specialize in as your local insurance brokers here at Oegema, Nicholson & Associates. The car buying process can be stressful, but with some preparation and advance legwork, you can greatly minimize the worry. Here are some suggestions on making the process as painless as possible. Tips for buying a car in Ottawa

Choosing a Vehicle:

When you’re beginning the process, take your time to do some research. If you have an idea of the segment of car you’re looking to purchase (e.g. 4-door sedan, compact SUV, etc.), compare multiple models. You may find pay-sites like Consumer Reports to be a useful investment, but there are a lot of free resources out there as well.

Finding a dealer:

If this is not your “first trip to the rodeo” and you’ve bought a car through a dealership before, you might feel that it was an unpleasant experience. As in many industries, the Internet has given consumers a lot more power in terms of sharing reviews and information about car dealerships. Use these resources, as well as feedback from any friends, family or colleagues to gather some insight on their own personal experiences.

Finding a bargain:

Go to your bank and see if you can be pre-qualified for a car loan. If nothing else, you can then take this to the dealership to see if they can match or better this offer, giving you a bit of leverage that you wouldn’t otherwise have in financing your automobile. Consider making use of services such as CarCostCanada or Unhaggle to level the playing field against salespeople. These sites provide you with the dealer invoice price, and get various dealerships bidding for your business. Be prepared to walk out of the dealership if they’re not budging when you suspect they still have some room to move. Car salespeople know that if you walk out the door, you’re not likely to come back. But once they see that you’re serious about leaving the dealership, they might just find a little more wiggle room in their price.

Consider the insurance implications of your choice:

Don’t forget to have a look at how certain cars are treated by auto insurance companies. That flashy sports car may be calling to you, but it may end up costing a lot more to insure than an everyday sedan, even if the purchase price of the vehicle is similar. Rely on the expertise of a car insurance broker such as our team here at Oegema, Nicholson & Associates to help guide your insurance decision. In the end, you want to be comfortable in your decision, and make the buying process as comfortable as possible. Keep these tips in mind, and consult with your local insurance experts at ONA to broker the best insurance options for your needs.

Related Posts

"Just wanted to leave a message for your website that praises Nik Dore for being a constant example of always providing invaluable customer service. I never worry that my questions and concerns will be dismissed or that I am receiving less than constructive advice. Many thanks to him."
&-–
"I know all my insurance needs are covered with Oegema, Nicholson & Associates. I have been a loyal client for the last 15 years, and I can count of them for my commercial insurance, employee benefits, as well as my personal insurance and finances. Jeff Richer always goes above and beyond to help me with my insurance needs."
O-Omkar Atwal, Owner, Leitrim Home Hardware
"It’s always a pleasure to deal with Oegema, Nicholson & Associates, and I can depend on them for all my insurance needs. I have been a client for several years and whether it’s regarding my personal insurance, or anything to do with our employee benefits or commercial needs, I know I’m taken care of."
R-Rhonda, Capital Dodge
"I would like to thank Carol for everything she has done for me and my family over the years. It is my honest belief that we would not be in the position we are in if it was not for her guidance, expertise and honesty. We can't begin to thank her enough."
T-Tim
"ONA helps me with my personal insurance and my business insurance . They are my one stop shop when it comes to insurance and group benefits. I know I’m covered in all areas. Great friendly service and knowledgeable staff!"
J-James Carriveau, President, Exact Interlock and Exact Properties
"One call to Oegema, Nicholson Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions."
J-Jennifer Parks, Stittsville, Ontario
"I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well."
C-Charlene Brunet, President, Dan Murphy Ford
Oegema, Nicholson Financial Inc.
1453 WOODROFFE AVENUE
613-686-6338
Ottawa
1451 Woodroffe Avenue
Ottawa, Ontario K2G 1W1
Manotick
5526 Manotick Main Street P.O. Box 149
Ottawa, Ontario K2G 1W1
Almonte
154 Bridge Street P.O. Box 749
Almonte, Ontario K0A 1A0
Russell
243 Castor Street
Russell, Ontario K4R 1B8
Orleans
3-3809 St. Joseph Blvd.
Orleans, Ontario K4A 0Z8
Request More Information