When you and the dealer have agreed to a price for the car, get the quotation in writing. Some dealers offer extended warranties, which are not really warranties at all but rather service contracts, for which you pay an extra charge. If a service contract looks useful, make sure there are no costly or inconvenient restrictions. Financing Many dealers offer financing on the cars they sell. While this may be convenient, it might not be the best financing option for you.
Some credit unions do offer dealer financing, so shop around for the best deal.
Talk to the loans officer at the financial institution where you carry on most of your other personal business. In fact, it is often a good idea to talk to the loans officer even before you start looking, since this will give you a clear idea as to how much you can afford to spend. Remember that the larger your down payment on the car, the lower the total financing charge will be. You will also save money by paying off the loan over a shorter period of time. If you are buying a car for the first time, you will have to arrange for automobile insurance, from private insurers, or, in some provinces, from the appropriate government corporation.