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My Canadian Experience
Buying a car (2)

Nothing is ever simple and as I hit the 16th February here in Canada I am still working on getting my car. Because I have no credit history and despite having a co-signatory it seems that the leasing company will only go so far.

They will lease me the car on a 3 year lease and then if I wish to buy it outright I then pay another $1,000 at the end of the term. In the event I want to add additional warranty then I have to put $3,000 down and I can then get a four year lease.

Of course that is all quite simple but then it comes to insurance.  I must have car insurance in place by the end of this month as without car insurance there will be no lease.

So off I go to find car insurance.  My first quote is a bit of a surprise.... it's $5,600 <gulp>.  I then went and found a broker and they got it down to $3,600 <gulp>.  It seems that because I am in Toronto prices here are more expensive.  However that is not all.  I was told if you produced evidence of having insurance elsewhere (outside the USA and Canada) then I'd get a discount.  Problem is that is no longer the case according to the broker.  That means I'm being quoted as a new driver with no experience.

Seems if I went and took the driving test then I'd be eligable for up to 30% discount but that takes time and money.

I then contacted my friend at North Kent Mutual and asked what this would cost if I'm located down in their area of the country.  I was told around $1,800 and that included a 30% discount.  The price would come down a bit further if I also took my home insurance with them. They did take notice of my having previous insurance in the UK.

So... my problem now is to see if I can get a house down their way prior to the end of this month in time to get the car.

I would point out at this stage that while you may well have enough monthly income to afford getting a house and car you will need a fair amount of capital to get you going. It would help if you were employed of course but certainly if you are self employed then it's a whole different ball game. I note they prefer the term owner/operator rather than self employed :-)

In the event you want to get your driver test done or take a driving course you can visit the Ministry of Transport site. Do note for this to count towards your insurance you must go to an approved centre and you will find a list of them on this site. It seems totally pointless in going to an unapproved centre.

And so am off again on a search for a house. At least the lawyer did his job and found the title deed problem from the last house that I almost purchased.  As it would take 3 months at least to solve the problem I just gave up as I needed to do some renovation work to get it in the shape I needed.

I noted that down in the Kent area of Ontario they don't show room sizes on the MSL listings which is a bit naf really as all other areas do show them.  I still wish they'd include information on whether hi-speed internet is available.  Usually you can only find that out my quoting the telephone number to the ISP you will be using.

This week I also attended my first Board meeting of the Scottish Studies Society where I've been elected as a Board Member.  On the agenda is the forthcoming Tartan Day event at which we also announce the Scot of the Year Award.  Looking forward to attending this.

Return to my Canadian Experience Index Page

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