Cars are a necessity here in Canada and if you are a new immigrant who want's to have the freedom in going places then surely this is a purchase that you need to consider. There's a lot of options out there in getting a car but if you are not careful enough, you might end up regretting it as it impact your financial goals in a negative way.
In this video I will share with you my experiences with cars, either buying outright cash, financing and also options for leasing. These are usually the three most common ways to get a car unless somebody gives you one for free, but that's very rare.
Check out this informative video and let me know if this makes sense and valuable to you. I really appreciate any feedback and that you have.
Timecodes
0:00 - Intro
0:38 - Credit Rating for New Immigrants
1:11 - Buying Cash
2:10 - Suggestions on Buying Cash
2:58 - Financing
4:12 - Suggestions on Financing
5:20 - Leasing
5:58 - Disadvantages of Leasing
6:33 - Don't Get Trapped