馃攳
Should You Buy A Used Car or New Car | Buying Vs Leasing | Which Is Better | Canada Couple - YouTube
Channel: Canada Couple
[0]
[Applause]
[3]
so let's talk about if you should buy a
[7]
car or lease a car okay quickly what's
[10]
your view on car on lease or finance I
[14]
someone is buying like he's not sure
[17]
he's gonna take like take the card for
[19]
next four year five years like he's only
[21]
gonna drive it for two years or less it
[23]
even less than that he should go for
[24]
lease cousin lease is like it's a little
[26]
more expensive monthly as compared to
[29]
finance but you don't have to worry
[31]
about each about the services they take
[34]
all for you but on the other hand if you
[36]
know you're gonna keep in a car like me
[38]
I bought a car I knew I was gonna drive
[39]
it for like four or five six years so I
[42]
chose finance Oh cause in that I will be
[44]
paying monthly which is better less than
[46]
the lease but I will be paying for my
[48]
insurance so that's basically the
[50]
difference so yeah my preference is also
[52]
finance because the main reason is if
[55]
Lisa's also good options like he said
[58]
like if you are keeping a car for like
[59]
let's say four plus years or something
[62]
then go for a finance so one reason I am
[64]
I was not going for lease one is like
[67]
god forbid if something happens to your
[69]
car while you're it's on a lease once so
[71]
they charge you way too much as compared
[73]
to the finance one so that's why so they
[76]
have hidden costs they will not tell you
[77]
upfront when you are buying a car on
[79]
lease but when something happens they
[81]
are gonna come with all the costs at
[83]
least there is limitation on kilometres
[86]
as well so you can only drive about
[88]
16,000 to 20,000 kilometers per year if
[91]
you're leasing a car and lease is
[93]
beneficial if you're buying a luxury car
[95]
like high-end models of Range Rovers
[98]
outies so then then lease is a preferred
[102]
option and you're not gonna keep that
[104]
for more than you know five years or so
[108]
that then then lease is a good option
[111]
but otherwise financing on a low rate of
[114]
interest is I would say the better
[116]
option yeah I'm coming where two
[118]
kilometers not least and you can
[120]
increase the kilometers not that they
[121]
will give you fifteen or twenty like you
[124]
can go up to 25 30 but the reason is
[126]
they will charge you it's gonna be until
[129]
20k it's it's a reasonable but after 20k
[132]
its way it's expensive so those so they
[135]
increase by monthly maybe 200 bucks or
[138]
something so least it's basically you're
[141]
renting a car yeah yeah and then after a
[143]
couple of years if you want to buy it
[145]
you go buy it pay the whole sum or you
[149]
get another car you you you get another
[151]
better version because when you leave
[157]
the card adds that means that it's a
[159]
kind of rent if you were paying rent for
[161]
a car around 200 300 bucks or foreign
[163]
bucks per month and if you were
[165]
financing that car puts a unit for and
[167]
works for a month that car would be
[169]
yours in next four or five years and
[170]
after that you can sell it for the
[173]
amount you want you wanna select food if
[175]
you go for a lease you have to give that
[177]
card back to the company after this
[179]
specific years then that car would be
[183]
yours you are just paying the rent for
[185]
using that car up to the kilometers but
[188]
in finance you you have to pay a bit
[190]
more I would say a bit more and that car
[193]
will be yours and kilometers would be
[195]
yours and you can sell that car after
[198]
the ears you wanna keep it that's your
[201]
concern gonna keep it or not
[203]
and in Canada you have to buy two cars
[206]
at least two of us you are living in a
[207]
family your little your brother your
[209]
spouse you have to keep two cars with
[211]
you when it's for you when you are going
[213]
somewhere outside and one is for your
[216]
work preference so I would say if an
[218]
Asus Paradiso here if you're getting two
[220]
cars you can get a car like mine for 15
[222]
grand
[223]
you can use it for your work and you can
[225]
get a car like Audi or like Chrysler or
[228]
like a cod the leasing is nothing but a
[237]
fancy word off renting so if you only
[239]
leaves when you are buying luxury cars
[241]
or you changing the cars every two years
[243]
otherwise go for finance
[246]
let's see best option you might be
[248]
paying some more interest like higher
[250]
interest if you are new to Canada and
[252]
you don't have much experience but still
[254]
after drawing all the calculation
[257]
finance would be better and coming back
[259]
to finance only buy a car if you are
[261]
going for a higher end when you are on
[262]
the permanent resident ship if you are
[264]
on a work permit or a student they
[265]
charge you the finance is like $4.99
[268]
$5.99 but if your permanent resident you
[270]
can get it for zero or 0.99 on the new
[274]
cars as if I was PR on howdy
[276]
it was 0.99 but now I'm paying four
[278]
point nine right boy I occur at the end
[280]
of the year November December Jennifer
[283]
that's the only point you can get zero
[286]
one nine and not zero interest rate in
[289]
every car yeah same thing happened with
[291]
me I am paying around five percent
[293]
interest because I did not have any
[296]
experience here I bought the car as soon
[298]
as I landed in Canada so that is one of
[300]
the reason they check your credit
[302]
history if your credit history is not
[305]
good then you will end up paying a lot
[307]
of interest let's talk about used car or
[310]
new cars I mean we have a lot of used
[312]
car in this group right now and let's
[315]
see what are the benefits of buying a
[316]
new car or a used car be much service
[320]
supposed to be not that expensive since
[322]
this is a brand new car I have a like a
[324]
new brand new car and there will be cars
[327]
less prone to the issues yes computer
[329]
use car because you don't know what how
[332]
the previous owner drove the car if
[334]
you're buying in Bendigo you know it's
[335]
new you've just bought it so that would
[338]
be one advantage in mind what I think
[341]
yeah I would say if you're keeping a car
[343]
for a long time then you go for a new
[345]
car because you know how you will drive
[347]
it for like those particular years and
[349]
if you are keeping a car for like a
[351]
short amount of time so maybe the
[353]
second-hand option is a good one and if
[355]
you are buying your first car I would
[357]
say go for a secondhand one because you
[358]
will know the market first of all like
[361]
what's worse in the market and maybe to
[363]
buy a cheaper one first and then once
[365]
you are satisfied and then move on to a
[367]
next one so by your second car like the
[369]
expensive one to mean the preferences
[373]
whoever gives you less finance rate find
[378]
finance interest rate yeah and you know
[381]
one gives you two always the lesser
[382]
price rate yeah financed because if
[384]
you're new to country if you are on work
[386]
perimeter or if you're and if you have
[388]
less experience driving as well then the
[393]
amount of interest that you pay will go
[397]
up but on new cars it's a little
[400]
different sometimes they have to get rid
[402]
of inventory so they they charge you
[404]
less rate of interest before used you
[408]
you get to pay more rate of interest so
[411]
yeah just just and one more thing like
[413]
let's say I bought an Audi right it's
[415]
like a demo model so and and I am a
[418]
customer already now like when I am
[420]
planning to change a car and buy and
[422]
planning to buy an Audi
[423]
I am already their customer so they will
[425]
charge me like a less interest rate as
[427]
compared to now so next time if I am
[429]
buying an Audi they will give me 4 0.9
[432]
or either 4-0 as well because I am their
[434]
customer right now so that's the
[438]
it's depend on your budget actually you
[441]
are doing a basic job you can buy a car
[443]
for 15 grand for first two or three
[445]
years and like when I landed I got in my
[448]
first car after the eighth month of my
[450]
landing so I got a cheaper car for
[452]
fifteen million but still it's good to
[454]
go for every season I would say and when
[458]
I'll be getting a good job I'll be
[460]
getting a new car but still I be keeping
[461]
that curve because still the time up I
[463]
have I will be paying you all them out
[465]
all the are yet to pay to the bank for
[468]
my loans so already it's always depends
[471]
on your budget when getting a good job
[474]
as Fuji it's 50 50 grand 60 grand
[484]
otherwise you can get a car just for to
[486]
go to job for so that you can be
[489]
comfortable with you're convinced you
[491]
can go to the places you want but our
[494]
cash is yours you can drive any time it
[497]
is on the camera
[499]
we are just joking so buying a used car
[503]
is always beneficial but there are
[506]
different preferences for me preferences
[509]
having the latest feature so I went for
[511]
a new car 25 percent depreciation
[514]
happens in initial three years two to
[516]
three years of any car if you don't want
[518]
to take the hit of that depreciation go
[520]
for a used one you might get the same
[522]
features if the model is not changing
[524]
let's say Honda launched their new model
[527]
in 2018 and you are buying this same car
[529]
used one in 2020 you even have the same
[532]
feature because if they don't change
[533]
much every year but the 25 percent
[536]
depreciation must have already happened
[539]
so you don't take a hit on that it
[541]
depends on the preference as I said if
[542]
you want a cheap car go for use one and
[545]
especially go for a Japanese one because
[548]
maintenance will be very less but if you
[550]
like prefer features and like having a
[554]
brand new car it's your preference go
[556]
for a new one
[557]
the moment you buy a brand new car and
[559]
you leave the retail shop you're gonna
[563]
get the hit yeah I mean it's gonna
[564]
depreciate about five to seven thousand
[566]
right away very next day but no no you
[569]
have option actually there is a law here
[571]
you can return a car within like five
[573]
days okay seven days a week
[576]
there is something yeah for a week so
[578]
you can return with the same whatever
[580]
you paid for those that car so you can
[582]
return that car in seven days for a new
[584]
one so that's so always planned
[587]
carefully once you are buying your car
[589]
it can be secondhand or new but always
[592]
been carefully because once you bought
[593]
it it's pretty difficult to resell it
[596]
and get the new one because you will you
[599]
will have another good thing is in in
[601]
Canada you have a lot of options you
[603]
have a lot of options I would say back
[604]
in India will go with Maruti Suzuki
[607]
high-end eyes I mean yeah I mean I don't
[611]
think most of the people back in India
[613]
can afford all these Range Rovers but
[616]
regular people like still go with
[618]
regular models but in here you have you
[620]
have quite a bit options you have you
[622]
have a lot of options you can go from
[623]
key Toyota's high-end eyes Volkswagens
[628]
Howdy's on this video leave you all the
[632]
insights about buying a car use one or
[634]
new one you should go for leaves or
[636]
finance like we have shared everything
[639]
with you so I'm sure that this will help
[642]
you a lot and you will be able to buy
[644]
your dream car
[645]
it'll be good bang for your box so I
[648]
hope you liked this video like share
[650]
subscribe and follow them on Instagram
[653]
don't forget to press the bell like an
[656]
unique already or even press camera on
[658]
the right so see sorry Punjab being a
[660]
theatre sees stick around we Punjabi
[662]
table longing ugly barber stay
[672]
[Music]
[695]
[Music]
Most Recent Videos:
You can go back to the homepage right here: Homepage