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The Benefits of Buying a Used Car
Even buying a car that is one or two years old will still maintain that level of reliability of a new car but without the new car prices.
What can you do with $570? Get a new smart phone? An iPad? A new piece of furniture? A flight? The average car payment in Canada is $570 per month. That’s $6,840 per year that people spend on car payments – enough to cover a nice, all-inclusive family vacation, a renovation, or even college tuition.
Depreciation
On average, a new car loses 11% of its value when you drive off of the lot. Each subsequent year is another 15-25%. After five years, the car is only worth 37% of what you paid at the dealership. We don’t know about you, but we can think of a lot more fun ways to throw money away than to spend it on a car payment.
Save your money.
You’d be hard pressed to find any financial analyst who’d advise you to buy new. Even buying a car that is one or two years old will still maintain that level of reliability of a new car but without the new car prices. At the Mufflerman, we are big fans of buying used vehicles because even with the cost of repairs, you will be saving money when it comes to a car payment and the depreciation values.
Stay tuned for more tips from the Man on how to make sure you can choose a used car that isn’t a lemon and that is just right for your needs.
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Winter Tires can be the difference between making it out of your neighbourhood and working from home.
Winter is here, which means that the snow is beginning to come down, the roads are becoming icy, and driving is starting to become increasingly difficult.
To avoid unnecessary repairs, keep your car on the road, with your safety of utmost importance, follow these winter maintenance tips during the winter months.
Whether you're a homebody, or a pro road-tripper that travels across the country, we will have you road trip ready after reading this article.
Winter Tires can be the difference between making it out of your neighbourhood and working from home.
Winter is here, which means that the snow is beginning to come down, the roads are becoming icy, and driving is starting to become increasingly difficult.
To avoid unnecessary repairs, keep your car on the road, with your safety of utmost importance, follow these winter maintenance tips during the winter months.
Insurance companies in Ontario offer something called a Winter Tire Discount, offering drivers up to 5% off their annual auto insurance rate by installing winter tires on their vehicle.