A money pit on wheels: The real cost of owning a car - S.R. Stack & Company Ltd. Skip to content

A money pit on wheels: The real cost of owning a car

The Globe and Mail
Do you know how much of your budget is taken up by your vehicle(s)? Vehicles are a depreciating asset for which consumers often underestimate the total cost. Check out this article from The Globe and Mail to learn more

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Did You Know?

1

Many people who file for bankruptcy get to stay in their home.

2

In Newfoundland and Labrador, you can keep your RRSPs – even if you file for bankruptcy.

3

Many people who file for bankruptcy are able to keep their vehicle.

4

Most bankruptcies are NOT published in the newspaper.

5

Student loans can be included in a bankruptcy if they are more than seven (7) years old.

6

A consumer proposal is an alternative to bankruptcy that can only be filed with a licensed trustee in bankruptcy.

7

In NL, people ages 30 to 39 years old file for bankruptcy more than any other age group. [source]