Quote:
Originally Posted by
revelations
Common logic would suggest that, if you are on the lower income side of the scale - essentially, renting a car for ~3600$ every year would dictate that after 5 years, you would be out almost 19,000$ without anything to show for - and is not condusive to fiscal prudence.
Buying a GOOD used Civic or a Yaris for say, $5,000 and then investing into tires, brakes and other minor repairs - would net a FAR better outcome after 5 years - and this is what the low end of the scale does seem to understand unfortunately.
And the difference between comprehensive (required on a financed vehicle) vs basic liability on a $5k beater is easily 50-100/month.
Quote:
1. In 2016, the number of motor vehicle fatalities in Canada was 1,898, up 2% from 2015 (1,860).
2. In 2016, there were 10,322 serious injuries due to motor vehicle collisions in Canada, down
4% from 2015 (10,748).
And that doesn't subtract out drunk driving, or the operator of the vehicle being at fault. I bet that halves those rates.