What can you do with $570? Get a new smart phone? An iPad? A new piece of furniture? A flight? The average car payment in Canada is $570 per month. That’s $6,840 per year that people spend on car payments – enough to cover a nice, all-inclusive family vacation, a renovation, or even college tuition.
On average, a new car loses 11% of its value when you drive off of the lot. Each subsequent year is another 15-25%. After five years, the car is only worth 37% of what you paid at the dealership. We don’t know about you, but we can think of a lot more fun ways to throw money away than to spend it on a car payment.
You’d be hard pressed to find any financial analyst who’d advise you to buy new. Even buying a car that is one or two years old will still maintain that level of reliability of a new car but without the new car prices. At the Mufflerman, we are big fans of buying used vehicles because even with the cost of repairs, you will be saving money when it comes to a car payment and the depreciation values.
Stay tuned for more tips from the Man on how to make sure you can choose a used car that isn’t a lemon and that is just right for your needs.
Lifetime Guarantee Shorter Stopping Distance Quieter Braking Minimal Dust Coupons must be presented at your visit to the Mufflerman. This offer is valid for most cars and light trucks at any Mufflerman…
Whether you're purchasing a used vehicle, receiving a family hand-me-down, or selling your own vehicle, you'll need to obtain a safety certificate to go with it before you can get behind the wheel or hand it over to someone else.
Winter is here, which means that the snow is beginning to come down, the roads are becoming icy, and driving is starting to become increasingly difficult.
At The Mufflerman, the health and safety of our customers and staff is of paramount importance. We're committed to taking the appropriate steps outlined by health and government officials to reduce the spread of COVID-19, and to protect the global well-being.
As our stores remain open, we have - and will continue to - take the recommended steps to ensure that they are safe. In addition to our already high-standard of cleanliness, we have begun the regular disinfection of doors, counters, etc, amongst other steps. We also ask that if you are feeling sick, or have travelled recently, please give us a call instead of visiting one of our locations.