What you need to know about insurance for a new versus used car
There are differences when it comes to insuring a new versus used car in Canada. It’s important to get all of the information before moving forward.
This article has been updated from a previous version.
You know that you want to buy a car. You’re tired of waiting for the bus or borrowing the family minivan. You’re ready to have your own set of wheels on the road. You just don’t know if you should buy a new car or a used car because you’re not sure about the insurance rates. Chances are that insurance is a huge factor in deciding what type of car you should buy, due to your budget and other bills in your life.
About the author
Martin Dasko attended Ryerson University in Toronto where he earned his B.Comm. Martin has been blogging about money since 2008 over at Studenomics. Martin helps young folks with financial freedom in their 20s without missing a party. He has been featured in the New York Times, LifeHacker, and multiple other resources as an authority on the topic of personal finance.
