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There are a few scenarios you could do, some mentioned above :1. Home Equity Line of Credit. Currently, Canada is 2.45% plus 1/2 to 1%. Much better than 5.99% from GM or any other bank2. Standard car lone,but as just mentioned, 5.99%3. If you have a business, you could run the car through that and save the HST, and have the vehicle be a 100% taxible benefit to the corporation,which also means you save on interest charges etc....... capital expense. (keep mileage reports for vehicle allowance reporting to CRA)Just my thoghts.
There are a few scenarios you could do, some mentioned above :
1. Home Equity Line of Credit. Currently, Canada is 2.45% plus 1/2 to 1%. Much better than 5.99% from GM or any other bank
2. Standard car lone,but as just mentioned, 5.99%
3. If you have a business, you could run the car through that and save the HST, and have the vehicle be a 100% taxible benefit to the corporation,
which also means you save on interest charges etc....... capital expense. (keep mileage reports for vehicle allowance reporting to CRA)
Just my thoghts.
