What To Know Before Buying Your First Car in Canada! To Buy A Luxury Car or Not? | xoreni ft. Folarin

Flo’s Blog Post – https://mywordflo.medium.com/when-bad-money-decisions-are-good-for-you-bcf26694b04d

So you want to buy your first car in Canada? This video will cover what you should know before you make the purchase. My guest, Folarin, purchased a luxury car a few years back and upon reflection realized he neither needed nor actually wanted the car. Before you purchase your car, watch this so you don’t make the same mistake!

After we go into Folarin’s story, we answer the questions you had about leasing vs financing vs buying cash, buying a new car vs a used car, whether a house or a car is a better investment, and much more. Enjoy!!!

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Disclaimer: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

xo, Reni ♡

CHAPTERS
0:00 Intro
1:49 Meet Folarin!
2:22 Folarin’s Story
10:54 Leasing vs. buying cash vs. financing
16:11 New car or used car?
18:02 Dealership or Private sale?
19:49 How long is too long for a financing period?
21:10 What costs do I need to consider when purchasing a car?
23:22 What is a better investment – a house or a car?

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