Owning a car can give you the freedom to go where you want and when you want, but there are costs that are rarely calculated. Unless you plan on paying for your car with cash, monthly car loan payments generally last from 3 to 8 years. Things have changed in the new and used car market since the pandemic. There is apparently a microchip shortage that is impacting manufacturers across the globe. But what does that mean to you?

Licensed Insolvency Trustee, Francyne Myers takes a look under the hood. Is it better to lease or finance a new car? What is happening in the used car market? 

Francyne also covers:

• Questions to ask before you sign the financing agreement
• What to watch out for when you a leasing a vehicle
• Tips for reducing you car costs
• The difference between depreciable and appreciable assets
• When you aren’t able to afford to have a car any more

Licensed Insolvency Trustees are considered some of the best financial advisors in the country and the only ones licensed by the federal government of Canada. You can be assured of receiving unbiased advice about managing your finances and reducing your debt. 

About Francyne MyersIn 2012, Francyne left her 23 year public service career and joined Allan Marshall & Associates where she completed her education and became a Licensed Insolvency Trustee in 2013. Alongside with her work she is actively involved in her local Trustee Association. In her spare time Francyne can be found fishing and spending time with her family.

Additional Resources * Allan Marshall & Associates - Licensed Insolvency Trustee * 6 Payday Loan Debt Relief Options: Tactics to Resolve Payday Advances * Learn How to Survive a Personal Financial Crisis