We’re budget-minded buyers

Posted by Ben on Jan 25, 2012 in 14th Article, Uncategorized | 0 comments Think of Toronto as one sprawling auto mall of polished showrooms, colourful banners and snappy business-card dispensers. It has one of the highest concentrations of automobile dealerships on the continent — a boon to car shoppers who can take advantage of the unbridled competition here. With 5 million people concentrated in the Greater Toronto Area, it’s a car-hungry critical mass that has spawned 330 new-car dealers slugging it out for your dollars. “Toronto is the cheapest place in Canada to buy a car,” confirms Mark Derry, a professional auto broker who purchases vehicles on behalf of clients. And word has gotten around. Derry gets queries from far afield, places like Atlantic Canada. “I had a client come from Ottawa to buy his Infiniti G35 here,” recalls Mohamed Bouchama, executive director of consumer group Car Help Canada Download apps for free. “He saved $2,500. He could afford to fly here to pick up his car.” It would be an understatement to say Canadians are budget-conscious car buyers. Squeezed by high taxes and energy costs, we enjoy less disposable income than our neighbours to the south. When it comes to vehicle purchases, every penny counts. Lucky for us, there are more affordable cars on the Canadian market than ever before. “Manufacturers had neglected the entry-level segment for a long time,” says George Iny, president of the Automobile Protection Association (APA). “But because Toyota has done so well with its Echo, other car makers are getting on board with `B-cars’ of their own.” He points to Honda’s new Fit, the Smart car and BMW’s Mini adobe flash player download kostenlos deutsch windows 10. Chevrolet boasts three car lines (Aveo, Optra, Optra5) positioned below its former entry vehicle, the Cobalt, thanks to Asian partner Daewoo. Toyota’s Yaris (formerly Echo) family is expanding. And there’s more on the way. “When you have high-profile manufacturers entering the segment, it adds legitimacy. Consumers take notice,” says Chris Travell, vice-president of the automotive group of Maritz Research. Industry analyst Dennis DesRosiers says Canadians are rapidly abandoning the traditional mid-size market, with the majority of them shifting to surprisingly opulent entry-level vehicles like the Honda Civic and Mazda3. “Canadians are very attuned to gas prices, insurance and other costs of driving,” says DesRosiers. “The entry-level segment is growing rapidly, making up 45 per cent of the Canadian market — 50 per cent if you remove fleet sales.” “It’s...
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Leasing has upsides and downsides

Posted by Ben on Jan 25, 2012 in 15th Article | 0 comments Deciding between financing or leasing your new car is a head-scratcher every bit as perplexing as selecting a good natural gas contract or a smart cellphone package. For a small minority of new-car buyers today — about 12 per cent, according to industry watcher Dennis DesRosiers — cash is still king. They can pony up the full purchase price at the time of delivery and drive away with no strings attached ipod music. For everybody else, it comes down to financing or leasing. Professional auto broker Mark Derry says consumers who need a new, warrantied car should lease if they’re living on a very tight monthly budget. “Leasing payments are usually 20 to 35 per cent cheaper per month than financing the same vehicle,” he says, which can be music to the ears of a consumer living from paycheque to paycheque herunterladen. Derry uses the example of a Toyota Matrix he researched recently for a client. The monthly lease payment was $370 for four years, compared to $482 monthly in borrowing costs for five years (buying it for a total of $28,920). At first glance, it’s a no-brainer; the lease is more manageable. However, reality sets in at the end of the lease after already spending $17,760 my summer car kostenlos herunterladen. The lessee has to either return the car or agree to buy it at its residual value. Derry says opting for the buyout often means financing the residual value (what it’s worth on the market), say $10,000, over three more years at 7 or 8 per cent interest. After seven years of car payments, the lessee will finally get to own her car. If she had chosen to finance her Toyota from the beginning by agreeing to a higher monthly payment (at a favourable rate of 3.9 per cent), she would have paid less interest and owned the car free and clear after five years of equal payments garageband songs herunterladen. Leasing is enjoying renewed popularity, according to Chris Travell, vice-president of the automotive group of Maritz Research, who tracks the trends for the auto industry. Last year 44 per cent of car shoppers chose to lease, 10 per cent higher than just a few short years ago. “Leasing aids a consumer’s cash flow,” says Travell Download youtube video without program on mobile. “Smaller payments are welcome, or they can get more car for the same amount...
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Money Talks – hosted by Jerry White on 1050 CHUM

Posted by Ben on Jan 25, 2012 in 16th Article | 0 comments video downloaden samsung Appeared live as an Automotive Expert where callers could ask Mark Derry questions about the automotive industry. October 2004. whatsapp auf mac downloaden download adobe flash player 8.0 for free uploaded dateien herunterladen mirror app...
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