TURN YOUR VEHICLE INTO AN INVESTMENT
TURN YOUR VEHICLE INTO AN INVESTMENT
Our mission is to save our clients money on transportation costs by educating them on the HUGE financial benefits of maintaining the vehicle they OWN!
By maintaining YOUR vehicle, you will save more than 50% on your transportation costs! How do we come to that number, you may ask....
Maintaining a small basic car (a Toyota Corolla, for example) should cost anywhere from $210 - $250 per month ($2000 - $2500 per year, including tire replacements), compared to the cost of a new, base model Toyota Corolla, which is $492 per month + $600/year for basic maintenance ($6504 per year). You could save over $300 per month and still have a safe, reliable, well maintained vehicle!
To educate us on how to use these savings wisely, we have recruited one of our FAVORITE clients, who is a financial advisor and owns THREE Co-operators agencies in Southern Saskatchewan - Erin Caleval from Erin & Associates Insurance. Click here to check out her website.
"First of all, let's talk about taxes. I know, I know, taxes are about as exciting as watching paint dry. But listen, when you contribute to an RRSP, you can deduct that contribution from your taxable income. Translation: you get to keep more of your hard-earned money! Who doesn't love that?
"First of all, let's talk about taxes. I know, I know, taxes are about as exciting as watching paint dry. But listen, when you contribute to an RRSP, you can deduct that contribution from your taxable income. Translation: you get to keep more of your hard-earned money! Who doesn't love that?
And then there's the magic of compound interest. Think of it like a snowball rolling down a hill, except instead of snow, it's your money growing bigger and bigger over time. The longer you have to invest, the more your investments can potentially grow, which means more money in your pocket. And let's be real, who doesn't want more money?"
That Erin, she's a smart lady!
To drive this point home, take a look at the image below. This is an investment, with a 6% return rate, over 15 years (the ideal length of time to maintain your vehicle AFTER the warranty period ends) - THAT'S almost $90,000 saved for your future!! Not only will you save money, but when it's time to sell your current vehicle it will be MORE VALUABLE because it will be running as well as it did the first day you drove it off the lot.
Use this Investment Calculator to calculate how much you could save!
Ultimately, we BELIEVE in saving our clients money, keeping them safe, and ensuring their vehicle is reliable for as long as they want to drive it!
