Everyone needs a car. That’s what the car manufacturers and dealers would like us to believe. Truth is, there are more people getting along just fine without one. However, many rely on their own vehicle to get to work, run errands or travel to visit family and friends. The tricky part is figuring out how much vehicle to buy. New? Used? Lease? Finance? Make? Model? Color? The options can make your head spin.
Here are some tips to help you make an affordable choice:
Buying a vehicle may be the most expensive purchase you make in your lifetime. The more you can cut down on fees and interest costs and the shorter the financing term, the more car you will get for your money.
If you have other debts, they have to be considered as well. Taking on more debt when you are carrying excessive debt will make matters worse. A Licensed Insolvency Trustee is regulated by the government, professionally trained and can offer legislated programs to protect you if you are carrying too much debt. We will meet with you, review your budget and discuss all potential options. We meet with thousands of individuals every year. We will find a solution that fits which may include a consumer proposal or in dire circumstances, a bankruptcy. If your vehicle financing is up to date, you will likely be able to keep the vehicle if it’s within your budget, even in bankruptcy.
If you are burdened with debt stress, asking for sound advice is a sign of strength and the smart thing to do. Asking sooner rather than later is always better. Try our debt reduction calculator and call Doyle Salewski today for your free, no obligation consultation. You’ll be glad you did.