1- Most of the time, it's more expensive to finance at 0% than paying cash the thing. Last year I wanted a new Honda Civic before the new model went out (the new model is ugly anyway) and the guy showed me the difference. At 0% financing it was 6$ more expensive a month than taking the 2 500$ off and 5% financing....so if you can afford paying cash, its a **** load of money saved right there. But I,d say, pay your toys cash, they are often at 10% anyway. But never ever lease, you can have the same car for 10 years instead of 3, which end up cheaper at the end if you do your own maintenance.
How to escape poverty
- Thread starter Jinster81
- Start date
1- Most of the time, it's more expensive to finance at 0% than paying cash the thing. Last year I wanted a new Honda Civic before the new model went out (the new model is ugly anyway) and the guy showed me the difference. At 0% financing it was 6$ more expensive a month than taking the 2 500$ off and 5% financing....so if you can afford paying cash, its a **** load of money saved right there. But I,d say, pay your toys cash, they are often at 10% anyway. But never ever lease, you can have the same car for 10 years instead of 3, which end up cheaper at the end if you do your own maintenance.
if you use the vehicle for work leasing makes sense, it's cheaper for my uncle to lease his trucks than to buy them and he's always driving a newer truck.
starboy869
Well-known member
You should compare apples to apples instead of apples to oranges.
Putting money down is always better. However if you have the cash in the bank. ie. $30k . It would be better to toss that amount into an investment or even a lowly 2% high interest saving account vs paying cash for the vehcile. . You would be farther ahead $$ wise if you can carry a monthly payment.
Leases are good if you have a business where you can write off km useage/repairs/tax on lease payment. leases are never bad.
Lots of the deals are the same price if you take the 0% or pay cash.
RicoChet
Well-known member
Move in with a friend/girlfriend and share the expenses.
Cook food in bulk, makes lots and store and freeze it
My girlfriend finds clothes and sometimes appliances at thrift stores / value village..
dont lease/finance anything, buy outright in cash
be sure to pay off all debts, credit card, line of credit...
Cook food in bulk, makes lots and store and freeze it
My girlfriend finds clothes and sometimes appliances at thrift stores / value village..
dont lease/finance anything, buy outright in cash
be sure to pay off all debts, credit card, line of credit...
I'm questioning this advice. I'd never move too far out of the city unless I had a reliable degree or a salaried job offer outside of the city. If you're working for hourly wages, you'd be hard-pressed to find better wages and consistent seasons/hours outside of the city. Plus grocery & commodities are within 20 minutes. If you moved out, you'd save what, a couple of hundred at most on rent? But you're also probably making less per year out of the city. And you can't forget that there are less opportunities or even options to move between companies.
But out of curiosity, does no one buy cars outright anymore? A good used, decent car is under 15k. There's no reason to finance that, imo. Seems like it's worth it to save up and just buy it in cash
Obviously it's harder to do when you've got families & stuff...but with what you spend in financing or leasing a car, it seems like it's worth it to save up for a couple of years.
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stevex
Well-known member
work 2 or 3 jobs
you won't have time/energy to spend any of that money
I'm in a similar situation in that I've hit a bit of a flat spot, just keeping my head above water, living comfortably enough but not really making any progress.... i'm forced to work to seek part-time employment in order to save or buy some of the wants
you won't have time/energy to spend any of that money
I'm in a similar situation in that I've hit a bit of a flat spot, just keeping my head above water, living comfortably enough but not really making any progress.... i'm forced to work to seek part-time employment in order to save or buy some of the wants
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You're 100% right. Life outside of the city limits is all doom and gloom. Nobody from the city should ever move from inside it's borders. There are ZERO good paying jobs, No affordable housing, No grocery stores, or other such stores to provide the necessities of life, etc.
dragonrider
Well-known member
For budgeting and keeping track of your finances, check out mint.com
Dude, try seeing what opportunities are available to a FOB outside of the city. Or even the average person. You got white dudes working graveyard shifts at gas stations and as janitors as close as Oshawa...and let's be real here - those aren't great jobs. As a general rule of thumb, when crappiest shifts at the crappy jobs are taken by white dudes, there's a very slim chance that an immigrant's got a shot at it.
There's a reason immigrants come to the city & only settle outside when they already have established family. Where do most of the people outside of town come to work? The city. You're gonna pay for insurance (granted, it'd be cheaper out of the core), gas, and added wear and tear on your car to save on rent?
I didn't say housing wasn't affordable. The point about grocery stores was that you're paying a premium for convenience. If you managed to find a high-paying job that isn't salaried, while not being a native english or french speaker, then good for you - but you're an outlier if that's the case.
There's no need to take offense to what I said earlier. Also, I don't mention race because it's a question of racism - I'm just accepting that this is how it works.
Hasn't it been proved that modern automatic cars are better on gas consumption than manual cars?
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Fixed, there's a lot of native English that just hate french and won't hire them because they are french.... I saw it. On the other hand, few employers give more money if you speak both and some may hire you faster (OPP, RCMP, anything governmental).
New automatic cars are better on gas, the computer know when to change gear.
Dirty Frank
Well-known member
and harper's mandatory minimum drug laws will take care of your food and shelter needs for the next several years
I beg to differ.
I'm bilingual (born raised in qc city) i dont have a very noticeable accent at first... and ive been getting promotions right and left without breaking a sweat because french is needed badly.
We're not easily found. I was offered a job as a teacher in a middle school by a principal without having done any courses...although i gotta admit she also had a crush on me ahha.
And manual vs automatic is still not black and white, there are still grey areas where you can get better mileage on certain stick cars rather than automatic.
I still prefer having more control over the car with manual, helps makes the cage LESS boring
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I find that people who think like that have other glaring flaws that make them undesireable. As for English hating French, have you ever been English in a french area of Canada? I deal with it everyday at work. Doesn't bother me though, I am just using it to motivate me to learn French.
to give you an idea of living out of the GTA, rent is not much cheaper in belleville for a 2 bedroom appt than it is in toronto. transit absolutely sucks (no sunday service) and prices on food tend to be higher. you pretty much have to have a car to get anywhere.
My customers are manufacturing plants. They are almost all in the outskirts. I have exactly two customers that are within the 416 area code, and one of those is scheduled to close, building torn down, and replaced by condos in the next couple of years (as soon as all the permits go through).
The manufacturing jobs are outside Toronto proper - not in Toronto itself. If the manufacturing jobs are in the outskirts then it's feasible to live somewhat further outside Toronto.
I have customers in Barrie, Burlington, Cambridge, Guelph, Hamilton, Milton, Windsor, Collingwood, Belleville, Perth, etc. All manufacturing plants. No need to live in Toronto to have a job.
+1 on French being as asset to get certain type of jobs, anything in the public sector.
Hard to believe that people were penalized for speaking French, it must have been something else. Being bilinguals certainly helps.
Rent might not be that much of a difference, but buying a house would definitely be cheaper in Belleville as opposed to Toronto, which means you might have more money to buy a car and drive rather than take transit. Personally, I'm all for living outside of Toronto as it is definitely cheaper.
