How Are Canadians Affording $80,000 Trucks on Average Salaries?
The Wealth Playbook
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How Are Canadians Affording $80,000 Trucks on Average Salaries?
43 просмотра · 11 дней назад
The Wealth Playbook
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43 просмотра · 11 дней назад
The average Canadian salary sits around $60,000–$65,000, yet driveways across Ontario, Alberta, and BC are packed with $80,000 to $100,000 pickup trucks like the Ford F-150, RAM 1500, and GMC Sierra.
How does the math make sense? The short answer: It doesn't.
In this video, we break down the reality of Canada's massive auto debt bubble and reveal the financial engineering dealerships use to keep people buying cars they can't realistically afford:
📌 What We Cover:
00:00 - The $80,000 Truck Epidemic in Canada
01:45 - Average Canadian Income vs Real Truck Prices
03:30 - The 84 & 96-Month Loan Trap (7 to 8-year financing)
06:10 - Negative Equity & "Rolling Over" Old Auto Debt
08:45 - The True Cost of Ownership (Gas, Maintenance, Insurance)
11:20 - Is an Auto Loan Crisis Coming to Canada?
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#CanadaEconomy #AutoLoans #CarMarket #PersonalFinanceCanada #CanadianRealEstate #TruckLoans #CostOfLivingCanada