With the Carbon tax now in full effect throughout Canada, people are looking for new ways to minimize their carbon emissions - which was the Government’s intent in the first place. Among other things, this also means that they are changing their requirements and desires when buying cars. Criteria like car dependability and lifespan still play a big role in choosing the vehicle, but overall, we can see a big shift towards electric and hybrid vehicles being purchased more often. If you are looking to buy a car, and your main criterium is how dependable it is, the latest J.D. Power … [Read more...]
Car Depreciation: What Are the Risks?
When buying a car, you have to be prepared to lose money… Over time. No one wants to throw money away, and whether or not you will do that with car purchase is up to you and your negotiation skills and the amount of preparation you’ve invested prior to buying a car. But, one thing is for sure - cars tend to lose in value as time goes by and start as soon as you drive them off the dealer’s parking lot. New cars usually lose around 11% in value as soon as you take them off the dealer’s lot and by the end of the first year of driving, its value has decreased by 25%. However, the good news … [Read more...]
Bestselling Vehicles in Canada
With the year ending, it’s the perfect moment to summarize it in all the ways it affected us. One of them would be to see which vehicles have been the final choice for Canadians who have decided to change it up and renew their fleet. When you take a look at the charts in the past decade or so, it appears that Canadians like to stick to the tried and true, as the best selling passenger cars on the top of the list have stayed the same since 2013: However, when it comes to the overall vehicle sales in Canada in the past year, the situation is a bit different (note that these … [Read more...]
