Anthony Layton MBA, CIM

Chairman & CEO, Portfolio Manager

Peter Guay MBA, CFA

Portfolio Manager
  • T514.875.7566 x 224
  • 1.800.875.7566
  • F514.875.9611
  • Place Alexis Nihon
  • 3400 de Maisonneuve Ouest,
    Suite 1501
  • Montreal, Quebec H3Z 3B8

Buying a car

January 23, 2018 - 0 comments

They say the best time to buy a car is during the fall when the new models come out or at the end of the month when sales associates and dealerships are looking to hit their targets. I say the best time to buy a car is after you’ve done all your research. 

In this episode, I will go through the key elements you need to consider when buying a car. For most of us, buying a car means financing the majority of the purchase after you put down the down payment, which I’ll talk about later. Buying is cheaper if you plan on owning the car for more than 5 years. If you’re like most Canadians and keep your car for an average of 11 years, then you’ll be driving debt-free for a few years before you need a new car. 

There are two primary factors to negotiate when buying a car: the price of the car and the financing rate. Now the price of the car means the sticker price, not the monthly payments. You don’t want to spread out the loan over a lengthy period such that you end up paying way more than the car’s worth because of interest.

Car dealers expect negotiation, so take notes, prepare, go in there and get a new car at a great price whether you buy or lease.


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