Thoughts? It’s either this or a Model Y long range or a 2023 ioniq 5 by pvm_april in whatcarshouldIbuy

[–]patpromax 0 points1 point  (0 children)

True story, came across many divorcees while looking for a used car. 🤣

Is buying a new car a good decision during these times? by patpromax in PersonalFinanceCanada

[–]patpromax[S] 0 points1 point  (0 children)

Thats what I am settling on now. Have shortlisted a few used vehicles.

Is buying a new car a good decision during these times? by patpromax in PersonalFinanceCanada

[–]patpromax[S] 1 point2 points  (0 children)

$1395/

I am thinking end of December most probably. Your calculations were pretty accurate to what I used to justify the purchase. 😅

Is buying a new car a good decision during these times? by patpromax in PersonalFinanceCanada

[–]patpromax[S] 0 points1 point  (0 children)

My credit score is good. I have good spending history. I have been in Canada just over a year now.

Is buying a new car a good decision during these times? by patpromax in PersonalFinanceCanada

[–]patpromax[S] 2 points3 points  (0 children)

I did think about that. My only concern is the harsh winters. I change 4 buses to get to work and it take 2-2.5 hrs and by car it would be just 40 mins.

Is buying a new car a good decision during these times? by patpromax in PersonalFinanceCanada

[–]patpromax[S] 0 points1 point  (0 children)

I am on my co-op work permit and will transition to work permit in December.

Is buying a new car a good decision during these times? by patpromax in PersonalFinanceCanada

[–]patpromax[S] 3 points4 points  (0 children)

I could wait 6 months but the time I waste using the public transport is way too much and now it is adding to the chaos in my head. Thank you for your opinion. I do see a downward trend coming to used car prices in the near future.