How to go about securing the best policy for your insurance in Canada.
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Holiday deals can’t beat the savings you’ll get on car insurance Dec 17th
You have the perfect Christmas gift in mind for your co-worker, friend or loved one. Imagine stopping at the closest drug store and walking out with that perfect gift, only to find out later that it’s $50 cheaper at another store.
With Christmas in a little over a week, deals are now everywhere. .... More »
A guide to cottage insurance + MORE Dec 22nd
Since the onset of COVID-19, the demand for cottages has skyrocketed and supply has remained low. This has resulted in a significant increase in the price of recreational properties, with Royal LePage reporting a 16% national increase in 2020 and an expected 15% increase in 2021. In Muskok.... More »
Urbancorp reminds us that our investments are at risk Aug 26th
Want to know why our grandparents hid money in their mattress? Because prior to 1967 any money saved was at risk. If a bank failed, those savings were gone. Wiped out. A big, fat zero. For them, it felt safer to tuck the bills into a hidey-hole and hope for the best.
But the feds realized this wasn.... More »
Saskatchewan Government Insurance hits the gas on driver licence fees + MORE Dec 21st
REGINA _ Road test fees are more than doubling for people looking to get their driver’s licence in Saskatchewan.
Saskatchewan Government Insurance says the road test for a class 1, 2 or 3 licence _ which includes trucks with more than two axles and semi-trailers _ will cost $100, up from $40.
.... More »
Do You Need to Add Your Children to Your Auto Insurance? Oct 11th
If your children live at home and will drive your car, even occasionally, your insurance company will consider them “occasional drivers” and will add them to your auto insurance policy. The rule also applies to others living in your household, including relatives and roommates. When sho.... More »
How to buy a car at public auction
– moneysense.ca
(Image courtesy of suphakit73 / FreeDigitalPhotos.net)Crunch your numbers
Know what type of vehicle you want and how much you’re willing to spend. Don’t forget to factor in the closing costs. A 10% buyer’s premium (usually capped between $200 and $500) often applies on top of registration fees. Then there’s the cost of temporary plates, towing and/or insurance to drive the car off the block. “Buyer’s remorse happens so it’s important to be prepared,” says Dean Kirk, sales manager for Adesa-LVG Auctions. Compare prices for similar cars at websites such as canadianblackbook.com to estimate fair market value.
Don’t commit too soon
Some auctions feature an online catalogue in advance but it’s best to visit the cars during the “staging” period in the days before the auction. You can start the vehicles but you can’t test drive them. Collisions and other major problems must be disclosed so read over documentation carefully. If you can get your mechanic or gearhead cousin to join you, even better…
Personal finance editor Adam Mayers has been testing a tracking device that rewards good driving with an insurance discount. The tradeoff may be hard for many people.
