Facebook used car buying process
Machine-translated from Chinese, so it may read oddly. Comments are left as members wrote them. Read the Chinese original
If you want to buy a used car in Thunder Bay, you can find one at various dealers, but the prices are a bit higher. Used cars on Facebook are relatively cheaper, but the condition varies. If you want to try, please do more research online in advance.
Many people may not be familiar with the used car transaction process in Ontario. Actually, the process is quite simple, roughly the following steps:
1. If you've found a car you like on FB, you need to discuss with the seller who will do the safety check. Usually, the seller does it (but the price will be higher because he'll cover the inspection and repair costs); or if you want to save some money, you can do it yourself, but if problems are found during the inspection (such as needing new tires, brake pads, etc.), you'll have to bear the cost yourself. I suggest the seller bears it, as the risk is much lower.
2. Once you've clarified the above, while waiting for the inspection, you need to start preparing to purchase insurance for the vehicle (basic or full coverage is fine; you'll need the seller's vehicle basic info, year, model, VIN), and have the seller issue a bill of sale, signed by both parties.
3. With all the above materials ready, you can go to the bank to get a bank draft and give it to the seller. The seller will give you half of the signed green ownership (the other half is for his license plate; if you don't plan to take his plate, you don't need that half).
4. Bring all the materials (your valid driver's license, ownership, safety certificate, bill of sale, and insurance policy) to Service Ontario to complete the transfer and get plates (note: some locations don't do transfers; the one I usually go to is at 400 Balmoral St Unit B). If the seller has already signed, he doesn't need to go with you.
5. During the transfer process, you usually need to purchase a UVIP (used vehicle information package) yourself, and you'll need to pay 13% tax based on the transaction price or the market retail price in their system. If you have all the materials, the transfer can be completed quickly and you'll get your plates. Remember to bring a screwdriver in advance.
I can't remember the exact prices; you can search on xhs. My first car was sold to me by an elderly white couple. It was a 2010 car but well-maintained. The condition really depends on how the previous owner maintained it. I suggest looking at several cars. Hope everyone can buy a car they like!
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