It’s easy for your vehicle to go from necessity to status symbol. But letting a purchase, dealership, or abundance of maintenance costs over-stretch your budget will only lead to a financial collision. This week, our Kevin, Sheena and Travis invite Valley First Branch Manager, Aaron Bowyer, onto the show for a conversation about the factors that are worth weighing when it comes to your vehicle.
2:30 – Hot in Money: The Canadian dollar has been on the climb and our co-hosts discuss the reasons for the recent fluctuation.
4:43 – Expert examination:
· New, used, repair or share? The best way to get wheels.
· How much of your budget you should spend on your vehicle.
· When leasing is worth considering.
· How to negotiate your vehicle purchase.
· Is it okay to skimp on auto insurance options to save money?
· Getting the best value when saying goodbye - trade-in or sell privately?
40:00 – Financial Fix: Sheena's task will help you understand how much moola is going into your vehicle(s), and potentially help you create more comfort for future costs.
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If you have an undiagnosed financial concern or want to better understand a financial subject, send Kevin, Sheena and Travis your question at firstname.lastname@example.org, and we will consider it for a future episode.
If you’d like some one-on-one advice from our Financial Advisors in British Columbia, connect with our Island Savings, Envision Financial, Valley First and Enderby District Financial divisions near you.
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OUR WEALTHBEING HOSTS
Senior Wealth Advisor | Senior Investment Advisor
Island Savings Insurance Services | Credential Securities
Travis has been serving the financial needs of members in the Credit Union system since 2007 and is one of the most accredited financial advisors in Canada. He holds the globally recognized Charted Financial Analyst (CFA) designation, is a Certified Financial Planner, Canadian Investment Manager (CIM), Fellow of the Canadian Securities Institute (FSCI) and a Chartered Strategic Wealth Professional (CSWP).
Wealth Planning Specialist, Valley First
As an accredited Certified Financial Planner, a Registered Retirement Consultant and a Responsible Investment Specialist, Sheena's array of knowledge and experience means that no question goes unanswered and no opportunity ignored. For people who seek help with retirement, education, investment, and succession planning, Sheena is a natural person to have on their team.
Regional Manager, Business Banking, Envision Financial
When asked who has made the biggest impact in your life, does your financial advisor come to mind? If you've met Envision Financial’s Regional Manager of Business Banking, Kevin Lehman, he's likely one of your personal game-changers. After attending the University of the Fraser Valley, Kevin’s search for new opportunities led him to Envision Financial, a division of First West Credit Union. It is here that his "seize the day" approach to life propelled him to complete the Canadian Investment Funds Course, receive his mutual fund license and join the management team, where he now leads business banking advisors to help local companies thrive.