Today is your day Boomer! And maybe it is a day that you consider buying a new car. Need some numbers to help you? Some eye-popping numbers! Here are some statistics from the website Reviewlution: the average price of a new car in Canada is 45,000$ while the average cost of a used car is 25,000$. The monthly cost of owning a car is 740$ and a new car depreciates up to 20% in the first year! OK, that article was slightly dated from two weeks ago. This is what Autotrader stated in September: "AutoTrader crunched the numbers and found the average price of a new vehicle in August was $56,078. That’s an increase of 18.3 per cent over the same period last year. The average used vehicle price in August was $37,768, an increase of 28.6 per cent." Wow...and wow again. Are you sure you want a new or newer vehicle right now? Don't forget tax on top of these prices, plus that dreaded "dealer administrative fee".....oh, and maybe new snow tires! Good luck car-shopping Boomers. Your wallet will be much lighter, any way you look at it....

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