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Selecting a reputable pre-owned car dealership is a crucial step in the car-buying process. With the right dealership, you can find a vehicle that fits your needs, budget, and provides peace of mind. Here are some key factors to consider when choosing a used car dealership:
 
1. Budget Considerations: Determine how much you can afford before stepping onto the lot. A general guideline is to keep your car payment below 10-15% of your take-home pay. Remember to account for additional costs such as maintenance, insurance, and fuel.
 
2. Inventory Diversity: Look for a dealership with a wide range of vehicles. This gives you the flexibility to compare different models, makes, and price points to find the best car for your needs.
 
3. Quality Assurance: Seek dealerships that offer certified pre-owned (CPO) vehicles. These cars come with warranties backed by the manufacturer, providing an extra layer of security.
 
4. Transparent Pricing: Transparency is key. The dealership should provide clear pricing without hidden fees. Research the market value of the cars you are interested in and compare them with the dealer's prices.
 
5. Financing Options: Understand the financing options available. Some dealerships offer competitive rates and terms, which can be more advantageous than securing a loan from an external lender.
 
6. After-Sales Support: Post-purchase support is important. Inquire about the dealership's service department, hours of operation, and any customer perks they may offer.
 
7. Customer Service: The quality of customer service can be indicative of the dealership's reliability. Read reviews, check if dealer registered with OMVIC and consider word-of-mouth recommendations.
 
8. Dealer Reputation: Research the dealership's reputation. Look for customer testimonials, online reviews, and any awards or recognitions they have received. A reputable dealer should have a history of satisfied customers and ethical business practices.
 
9. Personal Visit: Finally, visit the dealership. A personal experience can tell you a lot about their business practices. Observe the condition of the cars, the professionalism of the staff, and the overall atmosphere of the dealership


Traditionally, economic uncertainty and less travel means less demand for cars. But surprisingly, many vehicles from the last few model years are selling at a premium compared to their original prices. Various factors have pushed used car prices into stratospheric heights, including:

A microchip shortage: COVID-related factory closures reduced the number of microchips available to manufacturers. According to Kelley Blue Book, the average car uses more than 100 such chips.

Supply chain issues: Besides parts shortages, there are fewer delivery drivers. That means it's harder to ship completed vehicles to dealerships.

Low new vehicle supplies: When the supply of a new model is essentially zero, prices for used models naturally rise.

Low older used car supplies: The Great Recession caused manufacturers to cut back on production between 2009 and 2011. That means that many vehicles that would be affordable and well-maintained aren't on the market. That's why more consumers are looking to new or late-model vehicles.

Cash for clunkers succeeded: To jump-start the automotive industry, the government-sponsored Cash for Clunkers program offered owners financial incentive to trade in older vehicles. It worked well enough to eat up a large chunk of the older car supply.

Dealers are paying more for trade-ins: Eager to add stock, dealerships began to pay more for used vehicles. But that meant sales prices also increased. According to Edmunds, the average trade-in value for used vehicles rose to $21,224 in June, an increase of more than 75 percent compared to June 2020.

The end result, according to Consumer Reports? Current used car prices are 42 percent higher than in the pre-pandemic first quarter of 2020.

We used data and listings from Edmunds.com to find 10 popular selling for more than when they were new. Car prices fluctuate with time, local market and trim package, so double-check prices near you before deciding to buy or sell.