Tag Archives: Cars

Are You Caught In a New Car Bubble?

Flickr/rachel_titiriga

Flickr/rachel_titiriga

When we see an old car puttering down the street, we often assume the person driving it can’t afford to do better. But maybe those beater-driving beatniks have the right idea and it’s the guy in the brand-new BMW we should really be feeling sorry for? Recent statistics from CGA-Canada suggest that Canadians are financing 95 cents of every dollar they spend on a new car and using ultra-long lending terms to make it work. In other words, that guy in the BMW likely owns little more than a shiny hubcap.

But if you can make the payments, everything’s good, right? It depends on how much that new car smell is worth to you. Although cheap credit and the end of an auto-sales slowdown are making new cars more attractive than ever, what many consumers fail to realize is that being able to afford a car payment is not the same as being able to afford the car.  Find out why in my new post on GoldenGirlFinance.com.

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Buying a Car: How to Avoid the Money Traps

Flickr/Telstar Logistics

Flickr/Telstar Logistics

The stereotype of a car salesman (or, to be fair, woman) isn’t pretty: Pushy, aggressive and willing to tell us whatever it takes to send us rolling out of the dealership in a new set of wheels. But, of course, that isn’t the whole story. Maybe no salesperson worth his or her salt is likely to be too liberal with particulars about pricing, but in many cases the truth – and the way to a better deal – is right in front of a buyer’s eyes. The key then to getting a fair price on a car is all about knowing where to look.

We asked Viraf Baliwalla, owner of Automall Network, for some insider tips on the traps car buyers often fall into – and how to avoid them. Read them all in my new article on GoldenGirlFinance.com: http://goldengirlfinance.com/inspiration/?post_id=1126

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Car Insurance: How to Get More and Pay Less

Flickr/noise64

Flickr/noise64

Remember “Fried Green Tomatoes”? In the 1991 film, Evelyn Couch (played by Kathy Bates) rear-ends a car in the grocery store parking lot – six times – after the space she’s been waiting for is stolen by two women in a sports car, who claim they’re “younger and faster.”

The damage done, Couch responds, “Face it, girls. I’m older…and I have more insurance.”

Insurance is one of those things we accept as a necessary evil; something we dutifully pay for each and every month – and pray it’ll save our butts when things go wrong.

According to Dave Minor, vice president of TD Insurance, getting to know how car insurance works and how its rules relate to your situation can help you to cut down on your premiums – often drastically. Check out some tips to get the coverage you need – without paying more than you have to – in my new article on GoldenGirlFinance.com: http://goldengirlfinance.com/inspiration/?post_id=1112

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