$3000-3500 what car?
#46
Re: $3000-3500 what car?
How do people manage to get a brand new car on monthly payments when new immigrants though? Surely you need stellar credit rating? and as a newcomer you would not have one?
We will also be in Markham and looking for a car so I've been reading this thread with interest.
We will also be in Markham and looking for a car so I've been reading this thread with interest.
#47
Re: $3000-3500 what car?
Total overkill IMO. The GTA winter is far from insane, sure its not the UK, but its not Yellowknife either.
After doing the lease thing in the past its a bit of a mugs game to be honest. OK to get more car than you can really afford, but hard to negotiate a good deal, and its a treadmill that its hard to get off as you always have a payment and always need full insurance coverage which will be as much every month as your payment.
After doing the lease thing in the past its a bit of a mugs game to be honest. OK to get more car than you can really afford, but hard to negotiate a good deal, and its a treadmill that its hard to get off as you always have a payment and always need full insurance coverage which will be as much every month as your payment.
#48
Re: $3000-3500 what car?
Iaink's point about not needing to insure a car (for collision) you own is a good one if you've sufficient funds to be able to lose the value of the car in one hit but for most people, those who need the car to get to work, insurance is prudent.
I completely agree that a CRV is a bit silly for the usage imagined. There's no need for ground clearance in Markham, there's no need for four wheel drive in Markham and the CRV is, even in the eyes of happy owners, boring by the standards of a brand that sells as "dull but reliable".
#50
Re: $3000-3500 what car?
Not for collision, no, the equivalent of collision cover is called comprehensive in the UK. Iaink is suggesting that, on an old car, one can have the equivalent of a third party only or third party, fire and theft policy. That might save 40% of the premium. A leased car must be insured for collision.
I don't know if any insurance is an absolute requirement in Ontario, it may be that there's an equivalent of the UK option to self-insure but that's a bit obscure and not relevant to most of us. I do know that about a third of the cars in Ontario are driven without insurance, it's routine for the police to bust people for speeding and add "no insurance" as a secondary offence.
I don't know if any insurance is an absolute requirement in Ontario, it may be that there's an equivalent of the UK option to self-insure but that's a bit obscure and not relevant to most of us. I do know that about a third of the cars in Ontario are driven without insurance, it's routine for the police to bust people for speeding and add "no insurance" as a secondary offence.
#51
Re: $3000-3500 what car?
Besides, its kind of a big leap to go from fronting $3 to 3.5k to buy a "beater" vehicle, to being on the hook for near $16500 after tax over 3 years to lease even a base spec 2WD CRV, after which you have nothing to show but the bill for another $800 to replace the worn tires at the end of the lease.
Especially with a 3 month probation period and the generally fickle nature of canadian employers.
I'd stick with plan A, although its hypocritical as the first thing I did when I got here was lease a Jeep. I'm older and maybe wiser now.
Especially with a 3 month probation period and the generally fickle nature of canadian employers.
I'd stick with plan A, although its hypocritical as the first thing I did when I got here was lease a Jeep. I'm older and maybe wiser now.
#52
Forum Regular
Thread Starter
Joined: Feb 2011
Posts: 75
Re: $3000-3500 what car?
Well I didn't like the crv at all, ended up with a civic sedan which arrives next week. 5k deposit was all that was needed to get it leased.
#53
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Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: $3000-3500 what car?
A CRV is great if you:
a) have a large and frequently wet and muddy dog,
b) need to carry stuff around every now and again,
c) occassionally drive on unpaved mountain roads,
d) don't like paying repair bills,
e) don't want to drive too fast.
a) have a large and frequently wet and muddy dog,
b) need to carry stuff around every now and again,
c) occassionally drive on unpaved mountain roads,
d) don't like paying repair bills,
e) don't want to drive too fast.
#55
Re: $3000-3500 what car?
Just remember, on a lease you are on the hook for tire wear, chipped windscreens and any dings when it has to go back. (Unless you choose to buy it, in which case you will probably overpay for a used Civic as they jack up the residual value to make the lease payment attractive to shift product and keep you coming back to the dealer every 3 or 4 years)
They do retain their value well, which makes a relatively cheap used recent model year one hard to find. Lack of used bargains and the knowledge that age rather than miles are the enemy here due to rust are why we are buying our 2012 instead of leasing.
Last edited by iaink; Oct 11th 2013 at 3:12 pm.
#57
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Thread Starter
Joined: Feb 2011
Posts: 75
Re: $3000-3500 what car?
Also got better when I went to do car insurance with TD. Since my relatives have max unclaimed auto insurance TD said since I live in the same house I'm entitled to the same discount(even though it's on my own separate policy). So it went from $3600 to $2300 (I'm 29 and couldn't get my 7 years uk no-claims approved since it was a company car)
All in all a great 24 hours.
#58
Re: $3000-3500 what car?
With the deposit ,I got the touring trim (1 lower then the Si) and they chucked in free remote start
Also got better when I went to do car insurance with TD. Since my relatives have max unclaimed auto insurance TD said since I live in the same house I'm entitled to the same discount(even though it's on my own separate policy). So it went from $3600 to $2300 (I'm 29 and couldn't get my 7 years uk no-claims approved since it was a company car)
All in all a great 24 hours.
Also got better when I went to do car insurance with TD. Since my relatives have max unclaimed auto insurance TD said since I live in the same house I'm entitled to the same discount(even though it's on my own separate policy). So it went from $3600 to $2300 (I'm 29 and couldn't get my 7 years uk no-claims approved since it was a company car)
All in all a great 24 hours.
Last edited by iaink; Oct 11th 2013 at 3:16 pm.
#60
Re: $3000-3500 what car?
Which hand is on the gear shift has never bothered me, although I bet I'd have a problem if the pedals were mirror-imaged.