I’ve recently noticed that there are a ton of brand new cars flooding the road lately, and I wondered if we’re becoming a wealthy nation again, or if we’re just sick of being conservative with our money and wanted something new for a change. Or, maybe it’s a little bit of both.
It’s been pretty-well emphasized (by our political leaders) that the unemployment rates are lower than they’ve been in a while, but sometimes I’m not fully convinced that those numbers are really telling the whole truth. What about those that are sick of looking for jobs and have simply given up? Are they included in these numbers? Plus, with an every-growing population, I suspect that the quantity of individuals that are without work is more or less the same as what it was years ago. In short, I still see a lot of hurting families out there that are in need of work, and more importantly, in need of money.
The Need for a Car Today
If we looked back into history just 50 years, we’d notice a big difference in the distance that employees live from their workplaces. Back then, you lived in the same city where you worked. After all, it just made sense. Sure, you had a car, but if it broke down you were probably located close enough to your work to hop on a bicycle and ride there in just a few minutes. Today, this is definitely not the case. It seems like everyone I talk with lives at least 30 KMs away from their place of employment. With our modern freeways though, the drive might take less than 25 minutes. To hop onto a bicycle though, that’s just not going to happen. So today, our cars are definitely an important part of lives. We need to get to work, therefore we need a dependable vehicle.
Should You Buy a New Car?
Many people hear that word, “dependable” and they automatically think new. You know, a car doesn’t have to be brand new to be a dependable ride. It’s a common misperception among the general public today. You do realize that there are downsides to buying a new car, right? Obviously, it costs a lot more to buy a brand new car, but there’s also no history to tell you whether the car you’re buying is going to be a lemon. Nope, that’s only known a few years after that model first hit the market. By buying new, it also means that you’re buying blind, and that’s never a good thing.
Some people also argue that they don’t have the cash to purchase a dependable used car, but they are able to scrounge up enough to put some money down on a new car and take on the payments each month. My argument is, if you don’t have the cash for a used car, you certainly shouldn’t be buying a new car.
There is yet another group of people that think they’re in the market for a new car, and they’re absolutely right. These individuals have no debt, they have a net worth of over half a million dollars, and they have over a hundred grand in liquid accounts that they can easily access. Oh, and they also have a yearly income of over $100,000 dollars. For these people, I would recommend that they take a look at auto blog Canada. Here, they can get all the photos and details that they want about the new cars on the market. It’s an incredibly informative resource, and it’s actually fun to browse around too!