C&C Transmissions and Automotive Repairs
8-1335 Humber Place K1B 5K9 Ottawa, ON, Canada
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General Information
Locality: Ottawa, Ontario
Phone: +1 613-733-1115
Address: 8-1335 Humber Place K1B 5K9 Ottawa, ON, Canada
Website: cctransmissions.com
Likes: 225
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If you're looking to buy a used car, here are a few things to keep in mind: - Take your time to look for the right car. Review Consumer Reports (https://www.consumerreports.org/cars/) of the vehicle you're interested in buying to see it's reliability and expected repair costs. - Ask the seller a lot of questions and find out as much as you can about the car. Take the car for a test drive. - Don't make a hasty decision. If the deal sounds too good to be true, it probably is.... - Always have a mechanic look over the car, especially when it's sold ASIS. If the seller refuses, walk away. - Ask for the Used Vehicle Information Package, maintenance records, and complete a Bill of Sale. - Compare the sellers ID to the vehicle title and registration to ensure you're not buying a stolen vehicle. - As always, if you have any questions about a car you're looking at buying, give us a call. See more
What is my car worth today? Looking to sell your old vehicle and wondering what it is worth today? Cars depreciate in value differently depending on the make and model, but a general rule of thumb is that they depreciate 20-25% in the first year and 15% every year afterwards. One way to find out what your car is worth today is to use an online car depreciation calculator like this one (https://goodcalculators.com/car-depreciation-calculator/). Now, depending on the condition ...your vehicle is in, your actual value may be less than that. If your car needs some major work or has rust, the value may be a lot less. Another way is to look at websites like Kijiji and Auto Trader to see what your car model is selling for. Remember, the condition of the vehicles listed will reflect the price it is selling for (car dealership will usually have their prices a bit higher to cover their operational costs). If your vehicle is in mint condition, look at prices of vehicles not needing repairs. As always, if you have questions about the condition or value of your car or just want more information, feel free to connect with us!
Should I buy a new or a used car? If you're considering buying a car, you may be debating whether to buy a brand new car or a used one. Here are some of the advantages and disadvantages of buying a new vs. used car. New Car - Advantages:... - New car smell - Comes with warranty - Financing is easily available - Latest technology (better gas mileage, lower emissions, improved safety standards, etc.) New Car - Disadvantages: - Expensive - Lose almost 50% of it's resale value in the first 3 years - Brand new car models (models in their first year of production) may have unknown problems that aren't discovered until years later - Regular maintenance costs are more expensive under warranty Used Car - Advantages: - Much cheaper and higher resale value compared to it's purchase price - Consumer Reports can give you an idea of the cars reliability - Lower insurance rates (depending on the model) Used Car - Disadvantages: - Requires more work (and patience) looking for the right car - Need to pay cash up front (or take a bank loan) - Depending on the age, the car may need repairs more often or may have large upcoming repairs that need to be done - always make sure you have a mechanic you trust inspect a used car that you are interested in buying While the final decision may ultimately be financial, it is important to remember that buying a car is not an investment. Let's look at the numbers. Let's first look at buying a brand new car for roughly $32,000 (taxes included). After financing the car will end up costing you around $37,000 when it's paid for 5 years later and it's resale value will be around $13,000 or less, depending on the make, model, and condition it's in. That means after 5 years the car cost $24,000 to own (plus higher maintenance and insurance costs when compared to a used vehicle). Now let's look at buying a 5 year old car that's in good shape for around $13,000 (taxes included) - slightly more if you are financing. After 5 years it's resale value would be around $5,000. Considering it's an older vehicle, you will probably need to do some additional repairs which may cost you about $6,000 depending on the make, model and how the car is driven/taken care of. That means after 5 years the car cost $14,000 to own (plus lower maintenance and insurance costs when compared to a brand new vehicle). In the end, it all depends on your preference, finances, and how long you plan on keeping the car. Our recommendation is to save up and buy a reliable, slightly used car with cash instead of the shiny brand new model that you have to borrow money for. If you have questions, contact us and we'll advise what is best in your situation.
Stop by and get yours while they last!
For a limited time, get a synthetic oil change and get Castrol Roadside Assistance for 6 months free of charge!
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