For some car-buyers, elevated sticker prices and high borrowing costs can deliver onerous payments. So how can you make sure you do not overbuy?
Glenn Downer and Gail Bornstein became new-car shoppers by accident. Literally. They weren’t in the market for a new vehicle — until an errant driver crossed the median and collided with their Toyota Prius during a snowstorm in January.
No one was injured, but their aging car was summarily written off by their insurance company.
Call made as expenses rise beyond just purchase price and instalments, including insurance, servicing, tyres, technology repairs…
To paraphrase the classic folk song, “Sixteen Tons,” many motorists are finding themselves “another day older and deeper in debt.”
New car payment shock is real, but it's not the car — it's the cost of financing that hurts so much.
Customers are stretching to the breaking point
From research to negotiation tactics
Here are the financial considerations to make when shopping for a new vehicle amid high car prices.
