When shopping for your next vehicle, consider what best suits your needs. Are you looking for a family vehicle large enough to haul all of that hockey equipment around? Or are you looking to downsize to a smaller vehicle that is economical on gas?
Consider a few questions before you start shopping:
- Do you want to lease or buy?
- If you’re going to buy, make sure that you understand your rights as a consumer when applying for financing through an automotive business. Remember that not all places that offer financing charge the same interest rates. Check out financing options with various financial institutions and the automotive business.
- If leasing sounds like a better option for you, make sure you understand what a lease is and what your obligations are before you sign on the dotted line.
It is important to ask these questions before you make the decision to buy or lease your next vehicle. By doing so, you will avoid buyers’ remorse. Remember, there is no cooling off period in Alberta; once you sign the contract, it is binding.
Understand your consumer rights by visiting amvic.org for free, easy to use consumer guides.