VICTORIA PREMIUM AUTOMOBILES2

*Victoria Premium Automobiles Ltd.
1859 Blanshard Street
Victoria, BC V8T 4H9
Phone: 250-380-0581 | Fax: 250-380-0823
Monday to Saturday 9:00 am to 6:00 pm | Sunday By Appointment Only

Downsize and reduce vehicle costs

NEW HOME, NEW MORTGAGE, NEW PRIORITIES?

VEHICLE DOWNSIZE

ACCESS VEHICLE EQUITY
Vehicle equity can be turned into cash.

ELIMINATE MONTHLY PAYMENTS

Get out from under high monthly vehicle financing expenses.

REMAIN MOBILE

Stay in the driver’s seat in a reliable, less expensive, debt-free vehicle.

LESS DEBT = BETTER HOME PURCHASE OPPORTUNITIES

Realize your dream of home ownership once your high cost, high-finance vehicle is removed from your monthly expenses.

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FREE UP MONEY WITH A VEHICLE DOWNSIZE

FREE UP MONEY WITH A VEHICLE DOWNSIZE
Do you need to free up money for a new home purchase? Do you want to reduce monthly expenses to qualify for a mortgage? Or are you just looking for ways to save money?
Victoria Premium Automobiles may have the answer.
Your vehicle is a monthly expense which can and should be managed – especially if you are burdened with big monthly financing charges.
Speak to Victoria Premium Automobiles to learn how a vehicle downgsize can free up cash while ensuring you have the transportation you require.

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DOWNSIZE TO MOVE FORWARD

A vehicle purchase is usually the first, significant financial obligation a person makes.
Financed or purchased outright, a vehicle is often a necessary expense and obligation.
However, when it comes to buying a car, you may have gone above-and-beyond your practical needs and ended up paying a lot of additional money to get a better brand with additional luxuries.
This is fine, just so long as you can afford it.

LIFE CHANGES, NEW PRIORITIES
Times change, priorities change, needs change.
Now a home purchase and mortgage is a priority. But to qualify, your monthly expenses must be reduced.
That large SUV, sports car or luxury sedan consuming significant portions of your monthly budget through high-financing rates, higher insurance rates, rising gas prices and increasing maintenance costs may be the only thing standing between you and your new home purchase.
Downsizing your current vehicle might help you save money and get you into your new home.
Talk to Victoria Premium Automobiles to learn how a vehicle downsize can reduce your monthly expenses and help you qualify for that new home and that mortgage.

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HOW MUCH IS YOUR VEHICLE REALLY COSTING YOU?

FINANCING
If you are financing a vehicle, then your monthly payment should figure into the cost of ownership. The longer your term is, the lower the monthly fees – but they do come at a price. Longer financing terms tend to drive interest rates up, which amounts to a higher price for the vehicle. According to Consumer Reports, interest accounts for about 11 per cent of ownership expenses over five years.

DEPRECIATION

The biggest expense. While its not something you actually pay extra for, it does have a big impact on your total cost of ownership. A simple way to think of depreciation is as the value your vehicle loses off the price you paid as it gets older or the difference between what you paid and what you could get if you decided to sell. On average, a vehicle loses about 65 per cent of its value over five years, while amounting to 48 per cent of overall ownership expenses – according to Consumer Reports.

INSURANCE
Insurance rates vary depending on factors such as gender, age, driving record, vehicle type and so on.

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Victoria Premium Automobiles Ltd.
1859 Blanshard Street
Victoria, BC V8T 4H9
Phone: 250-380-0581
Monday to Saturday 9:00 am to 6:00 pm | Sunday By Appointment Only