So I have something to think about but the decision does need to be made relatively quickly. My grandpa's car is being sold.
It's a KIA Rio hatchback. It has about 60,000km and it's a 2008 car. It's silver (he even got seat warmers for the dog).
My family is being offered first dibs on it if we want it. The cost: ~$8000. My uncle and my mom seem to think that if it's being sold to a family member that there are no HST costs (that's pretty huge to be able to save 13%). It also has about 2 to 2.5 years left on the warranty.
I have been thinking about purchasing a new car and was set on buying one for next spring if my current 1999 Toyota Tercel would make it through another winter. My current car is at 225,000km. My mom thinks that I could sell that one to my brother for $1000 (although I'd probably go for less).
The thing is, it would completely wipe out my TFSA savings. My insurance would also go up. Hmmmm things to think about, what would you do?