How Are Canadians Affording $100K SUVs on Average Salaries?

How are Canadians affording $100,000 SUVs on average salaries? I spent a week looking at the real numbers behind a new Chevrolet Tahoe: the price after taxes, the long loans, leasing, negative equity, household income and buying used. There are five common ways people make these vehicles fit their budget. Some can work; others can leave you paying for years. Here’s what to look at before signing. Chapters: 00:00 Saturday morning: the new SUV 02:38 At the dealership: the real price 04:52 Four loan terms, four payments 06:52 The real monthly cost 07:49 Leasing: rent it or buy it later? 09:26 Negative equity: rolling debt forward 11:57 How two paycheques change the math 13:24 Buying used after three years 15:00 Dave explains how he bought it 16:39 Five rules before you buy 17:56 Rick’s plan for his next SUV 18:13 Share your experience ⚠️ Disclaimer: The figures and characters in this video are illustrative. This video is for educational purposes only and is not financial advice. #MoneyWithRicky #CarBuying #PersonalFinance