How do you know it’s time to trade in your current vehicle for a new one? Should you trade in your car every five years? We’ve listed a few questions to ask yourself to help you decide.
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How Much of Your Income Should You Spend on Your Vehicle?
General wisdom says you should budget either 10 percent of your take-home pay or 20 percent of your gross pay for your vehicle each year.
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ALG 2019 Canadian Residual Value Awards
Residual value is an auto industry term for what most of us call a vehicle’s resale value. It’s a calculation of what a car is worth at a given time after it’s purchased new, and is usually expressed as a percentage of the original MSRP.
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Vehicles with Great Residual Values
A vehicle’s residual value is a useful tool for new-vehicle buyers and lessees, who would be wise to be concerned with the rate of depreciation, since it determines what their car or truck will be worth after several years of ownership.
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