Ways to Save for Vehicle

Ways to Save for Vehicle

When it comes to buying a vehicle there will always be financing. You probably already know that when you want to buy you'll need a down payment. Here are some tips that Pioneer Credit Center would like to share with you so you can help yourself save without having to radically change your lifestyle!

 

 

1. Eat your meal at home. When you go out for lunch or dinner, you're commenting to spending at $20+ at the restaurant. Once in awhile that's okay, but if you're doing it every day and doing it for lunch/dinner it's going to start adding up.Not only will it save you a buck but eating at home is also a lot healthier/better for you guys!

2. Open up a TFSA. For some of you a TFSA is a Tax Free Saving Account. Now the contributions you make to your TFSA aren’t tax deductible. The other perk is that, while contributions to your RRSP those are considered to be a part of your income (and are taxed at current rates as a result), but the growth that occurs within your TFSA will not included in your income and remains tax-free! Isn't that awesome!

3. Buy Used not New. When you buy Used you save a ton of money on Insurance and registration fees, simple because the value of those are based on how much you paid for the vehicle. 

 

 

 

These are just some of the tips we offer, for more information you can reach us at 604-832-3083