Why New Immigrants Should Buy a Used Car First

Are you a new immigrant looking to buy a car in your new country? Before making a decision, watch this video to learn why buying a used car first is a smart move! We'll explore the benefits of buying used, including lower costs, lower insurance rates, and avoiding financial traps. Plus, we'll discuss the disadvantages of financing a car as a new immigrant. Don't miss out on this essential advice to help you navigate the car-buying process with confidence!
#NewImmigrant #UsedCar #CarBuyingTips #FinancialLiteracy #ImmigrantLife #SettlingInCanada #CarFinancing #DebtFree #SmartMoneyMoves #NewToCanada #CarAdvice #ImmigrantSuccess"

[@batabairerobbie844]

Good day, Mr.Taiwo; that's fantastic advice, bra! For me personally, car financing is good if you have a good stable job,money to spend and if you are sure you will be able to off for the car in the given period. Your adviser is great bra! In S.africa; if u buy a car through financing without a deposit, there's what they call a "ballon payment " which one has to pay at the end of the 5 year monthly installments. It's so ridiculous especially if you are not going to trade in your car for another one! And guess what,cars here are bloody expensive compared to N/America. Stay blessed 🤗🙏

[@metindemirel54]

Thank you bro for well explaining 🙏

[@gabiebrowndaily]

You can’t tell people how to use their money. I am speaking for people who actually own the money in the bank statement they used to travel. I can choose to walk into a dealership and negotiate on a car, bargain on the msrp and scrap a few products they are trying to sell me because I can get those fixed by private car detailing garage, and then try to find out how much interest they are offering on financing deal , then last minute opt out and boom 💥 surprise the sales man I want to pay cash. Scrap all the interest cos I won’t be financing, I already scrapped the products and got a good bargain on msrp, the salesman would have to opt between selling the car rather than to have it sit there and accumulate debt for him… lol 😂 don’t teach people who have money how to spend it . We no dey use credit score for Africa , we no need am for America sef lol 😂 unless may be we want buy house

[@odumosutaiwo]

Not every new immigrant has $20-50k sitting in their bank account to buy a new car at the dealership. Also, paying cash doesn’t necessarily change things; dealerships typically don’t offer bonuses or incentives for cash payments. The purpose of my video is to advise fellow new immigrants in Canada to consider buying a used car first. It’s a more practical approach, especially when finances are tight and building credit is important for future needs like buying a house. So, while paying cash might work for some, it’s not a one-size-fits-all solution. Let’s focus on realistic and helpful advice for everyone!

[@edmundosumah5285]

Mr Taiwo's advice is for new immigrants without much cash to spend.

[@NGUNOW]

Always buy cheap car for job, to drive you from A to B point ;)

[@akamedeheessien6982]

Quick question....
Say I'm an international student that just came in and I want to buy a car. Even with my complete cash, can't I get the car because 9f credit score?

[@marlonfrancisfrancis2691]

👍🏾

[@user-fh2lo4bc5r]

Can you please tell me exactly how I can get into trades after high school as an international student?

[@wfbenjamin1711]

What if I wanna pay cash