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Oct 12, 2018
| Member since | Jan 19, 2021 |
It doesn't matter if you are in the market looking for a new or old car, the principles guiding a good deal remain the same. At East Coast Financing, we have been selling vehicles for over a decade, helping countless people buy their dream vehicles. Here are a few things that we believe are important. 1. Buy Less Than You Can Afford Many hardworking people end up living paycheck to paycheck because they spend money on things they don't need and cannot afford. Besides buying a home, a car is probably the second-most expensive purchase for an average Canadian. People are often fixated on buying the latest model without having a realistic understanding of how much the vehicle would cost to own. As a rule, do not spend more than 10% of your gross income on a car because the car's base price isn't the only expense. You will also have to spend money on maintenance, fuel, service, insurance, and on top of the Nova Scotia auto loan. Use a car financing calculator for an ... Continue reading →
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