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Help. How do I buy a car? (pg. 2)
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| feelgood |
| quote: | Originally posted by SkyHigh
Depends where in ontario..Toronto yes....Sarnia no.. |
Are insurance rates cheaper in smaller less busy cities? I currently live in Guelph.
Ive been skimming Auto Trader for the last few months and it seems 15000 will be get me a WRX from 05-06 with 100000 k on it.
Conversely, a quick look at corollas reveal that I can get a new corolla for that price... interesting...but are corollas (or similar cars) fun to drive?
I am very competent mechanically having worked at a bike shop for 7 years, and I figure I can do alot of the work on my own.
Thanks for the advice folks. |
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| SkyHigh |
all i know is in Toronto i was paying 375 a month for a passat
and only 115 a month in sarnia.. |
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| GGM |
| ^^^ that's in ridiculous, had no idea it was that bad. Thank god my car is still registered where I grew up... |
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| hax-a-million |
| insurance was slightly cheaper for me while i was in waterloo. they ask you where you work and how many kms you drive... anything they can do to try and figure out your exposure. driving in toronto, they figure you have the potential to inflict a lot more damage than in sarnia (probably true, but still, that kind of difference is ridiculous) |
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| Superstring |
short version: Buy a decent, used corolla/civic (basic model). save cash for 4-6 years, buy next car with cash.
longer version:
If you have a friend that does it, maybe try to get it off of a dealer auction.
I'm guessing that any coupe in Toronto will cost you $200+ (maybe as much as $300+) on insurance until you're 30. Even with your parents as the primary driver, you're probably looking at $150+ a month (there's people more qualified here to answer the insurance questions)
Get a trust-worthy private mechanic through a friend who does work for cash. I have a guy that does all my work for cash, and he looks after my car - not just a regular oil change, and off you go. Don't go to dealerships unless the problem is so serious that your guy can't do it (i.e. safety recall)
I'm also guessing you're not rolling in hundred dolla bills here, given you've recently graduated. Take this advice. Buy the car with cash right now for $5-$7k (which is what you were willing to put down), or maybe a bit more. Save your money. Do not lease cars. Do not finance cars. Stop putting yourself into debt man. piles up quick.
After you have your car, rust proof it every year (Krown or something similar). It only costs me $120 a year to do a spray every fall, my car is now 11 years old and still no rust at all.
Last point. you mentioned you want something that can "handle itself in the winter". Trust me buddy, the ONLY thing that universally makes any car "handle itself well in the winter" is a set of good winter tires. Get them and use them, with a metal rims so you save your summer ones, and the cost of rebalancing every year. Do this, and you won't be sorry, no matter the car you get. |
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| VDub |
^^^
And a set of winters is FOUR!!!
Nothing more stupid than snows on the front and all seasons on the back... |
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| Salmon |
Dude just get the car without thinking about the extra costs down the line, there are always extra unexpected costs with anything people buy. By getting the car you will be committed to finding those extra costs because you need to drive, but driving is well worth it. And subaru's are wicked cars with their all wheel drive. I did the same thing with my 98 2.8L A4, and had some stressful times finding money to cover repairs and tickets but still pulled it off, that car is just fanastic and rides so well in the winter, AWD is a must in Canada.
Basiclly force yourself to get the car, there may be some short term regrets, but in the long run it will be worth it as you will have a sweet set o wheels and can get anywhere. You need a car in this country to get around |
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| Moral Hazard |
| quote: | Originally posted by VDub
That's cause their employees are waaaaaaay overpaid...
Lol |
Hey! |
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| Moral Hazard |
| quote: | Originally posted by hax-a-million
driving in toronto, they figure you have the potential to inflict a lot more damage than in sarnia (probably true, but still, that kind of difference is ridiculous) |
In London the average cost of an Accident Benefits claim (first party injury) is approx $15,000... in Toronto it's $58,000. Slightly more exposure, no? |
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| VDub |
| quote: | Originally posted by Moral Hazard
Hey! |
tellmeimlieing |
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| Moral Hazard |
| quote: | Originally posted by VDub
tellmeimlieing |
I have an employee or two that aren't over-paid.
okay, one. |
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| Superstring |
| quote: | Originally posted by Salmon
Dude just get the car without thinking about the extra costs down the line, there are always extra unexpected costs with anything people buy. By getting the car you will be committed to finding those extra costs because you need to drive, but driving is well worth it. And subaru's are wicked cars with their all wheel drive. I did the same thing with my 98 2.8L A4, and had some stressful times finding money to cover repairs and tickets but still pulled it off, that car is just fanastic and rides so well in the winter, AWD is a must in Canada.
Basiclly force yourself to get the car, there may be some short term regrets, but in the long run it will be worth it as you will have a sweet set o wheels and can get anywhere. You need a car in this country to get around |
Let me see here:
1. | quote: | | "just get the car without thinking about the extra costs..." |
- doesn't sound like a sound financial/car buying advice (what if he was planning to buy an M6 at 100k.. Just get it?)
2. | quote: | | "had some stressful times finding money to cover repairs and tickets" |
- right, you hadn't planned. if this guy plans now, he won't have to deal with extra stress
3. | quote: | | "AWD is a must in Canada" |
- that's just plain false. if you want it, you get it. otherwise, why spend the extra money and gas money. What is a must is winter tires.
4. | quote: | | "force yourself to get the car, there may be some short term regrets, but in the long run it will be worth it as you will have a sweet set o wheels and can get anywhere" |
- actually it's the opposite. Fun in the short run, as the car is ridin' okay while it's semi-fresh from the purchasing lot, and lots of extra cash spent later on, as you pony up big $$$ later on for repairs/insurance. heck, just look at my point #2 above - you wrote it yourself...
Not to repeat myself, but dude, you're far better off getting a decent car for now, and a better one later, with cash. Just my opinion of course. |
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