How To Talk About Buying a Car, a House, and Paying for an Education in English! 🚗🏡🏫

So there are three things in

life that are very, very expensive.

Maybe you need to buy a car.

Maybe you need to buy a house, or maybe you

want to go to school and get an education.

In this English lesson, I'll talk about those three

big purchases, and I'll teach you all the English

words and phrases that you'll need to know to

be able to talk about them.

Let's start by talking about buying a car.

You can buy a car privately from a relative or a friend,

but you can also buy a car from a car dealership.

This is a very common way to buy a car in Canada.

Behind me you can see there is a car dealership.

We might also call this a car lot.

You would come to the car dealership or car lot in order

to see all of the different cars that are for sale.

And you might even talk to a salesperson

because you might be interested in taking one

of the cars for a test drive.

So if you want to buy a car, you might come

to a car lot, also called a car dealership, talk to

a salesperson and maybe go for a test drive.

So there are two kinds of cars you

can buy when you're looking for a car.

You can buy a new car.

This is a car that no one else has ever owned before.

It's a car that might be

somewhere, like at this dealership.

It was made in the factory and came straight

here, and it has hardly any kilometers on it.

So if you want a new car, you would come to

a car dealership like this one and buy a new car.

Sometimes you just don't have enough money

to buy a brand new car.

And in that situation, you can buy a used car.

We sometimes also call this a pre-owned car.

This is a car that someone else used to own.

And they decided at some point in time

that they didn't want it anymore, and so

they sold it to the dealership.

So if you have lots of money or if you can get

a big enough loan, you can buy a brand new car.

But if you don't, you can always come to a

used car lot and you can find a used

car that will work just right for you.

Now, when you go to buy a

car, you might not have enough money.

In that situation, what you might need to do

is you might need to get a car loan.

A car loan is when the bank or even the car

dealership will lend you money so that you can buy the

car and then you need to pay them back.

So maybe you have enough money, maybe you have

enough money to buy a brand new car.

But maybe you don't.

In that situation you're going to need a car

loan and you're going to need to get it

from the car dealership or from the bank.

Now maybe you have a car and it's still in

really good shape, but you want to buy a new

car, you can always trade in your car.

When you trade in a car, it means you go to

the dealership and they give you a certain amount of money

for your car and then you can use that money to

help pay for the new car that you want to buy.

So if you have an older car and it has really

low kilometers and it's still in really good shape, you might

consider trading it in to help pay for the new car.

So cars are expensive.

But you know what's more expensive?

A house.

A house is a very expensive thing to buy.

If you wanted to buy a house

though, this is how you would start.

You might just look online.

There are websites that show you what

houses are for sale in different areas.

Or you might just drive around and look

for a house with a for sale sign.

When someone is selling their house, we say it

is for sale and the sign that goes up

in front we call a for sale sign.

So this house behind me is for sale.

I'm not sure if it's going to sell quick though.

The market is a little slow right now

in Canada. Houses are not selling very quickly.

So the name of a person that helps you sell a

house or buy a house in Canada is called a realtor.

When you look at a for sale sign,

you can see the name of the realtor.

This is the person that is helping the people

who own this house to sell this house.

So if you want to sell a house, you call

a realtor and they help you by putting a for

sale sign up and they do what are called viewings.

People can come to this house and see the inside of it.

Similar to test driving a car, you certainly want

to see a house before you buy it.

So if you want to buy a house

or sell a house, you call a realtor.

If you want to see inside a

house, you ask for a viewing.

Or sometimes they have what's called an open house.

An open house happens usually on a weekend and it's a

day when the house is just open for 2 hours and

the realtor will be there for those 2 hours and anyone

who comes can come inside and see the house.

So you might be wondering how much

does a house cost in Canada?

Well, where I live in my area, you would need about $500,000

to buy a house, and that would be a cheap house.

If you wanted a really nice house, you would probably have

to spend $700,000 or $800,000 or maybe if you were in

Toronto, even over a million dollars to buy a house.

So most people don't have enough money when

they decide they want to buy a house.

And so what they'll do is they'll go

to a bank to get a mortgage.

A mortgage is a special kind of loan.

It's a really long loan.

You can take 20 or 25 or 30 years to pay off the loan.

And it's a loan designed

specifically for buying a house.

So if you don't have enough money, like most

people, you might need to go to the bank

to see if you qualify for a mortgage.

In order to qualify, you'll have to have some money

in the bank, and you'll have to have a steady

job, at least for the last year or two.

And then the bank will decide whether

they will give you a mortgage.

So I just want to talk a little

bit about the difference between lend and borrow.

In the situation of getting a mortgage, the bank will lend

you money and you will borrow money from the bank.

So do you see the difference?

The bank is the lender.

The bank will give you money.

The bank will lend you money.

You are then the borrower.

You will take money from the bank, you will

borrow money from the bank, and then, of course,

you do have to pay it back.

Another really expensive thing in

life is a university education.

If you go to university here in Canada,

it costs between $20,000 and $40,000 a year.

And you might have to stay for four or six

years or more in order to get your degree.

Now, when we talk about the cost

of a university education, there are three

things that you're actually paying for.

You're paying tuition.

This is the cost for the classes that you take.

You are paying for housing.

This is if you live on campus in something

called a residence, and you pay to live there.

And then, number three, you might have to pay for a

meal plan if you are going to eat on campus.

So all three together ends up costing quite a bit.

But you can save some money by living

off campus and buying your own groceries.

Then you only need to pay tuition.

You might be wondering, how do you pay

for university education when you're really young

and you don't have any money?

Well, there's four ways that you can pay for this.

Number one, maybe you have some savings.

In English when we talk about savings,

we mean money in the bank.

Maybe you've worked part time and you've put money in

the bank every week and you have some savings.

You can use that to pay for some of the tuition costs.

Maybe you got a grant.

In Canada, the government will give grants

to students when they go to university.

Not all students get grants, but some students do.

A grant is money that you get

that you don't have to pay back.

It's the best source of money for going

to university that I can think of.

Or maybe you did really well in

high school and you got a scholarship.

A scholarship is when a university or another

organization gives you money because you're really smart,

or maybe you were really involved

and did a lot of volunteering.

Again, this is money you don't have to pay back.

And then lastly, you might need to get a student loan.

In Canada, you can get a

student loan from the government.

You can get a student loan from the bank.

These are nice in that you don't have

to pay interest while you're a student.

But once you're done, once you've graduated, you

do have to pay the money back.

So four ways to pay either you have savings or you

get some grants, or you get a scholarship or two,

or you simply get some student loans

or a combination of all four.

That's probably the most common.

Well, hey, thank you so much for watching this

English lesson about buying a car or buying a

house or getting yourself a university education and figuring

out how to pay for all of those things.

I hope you were able to learn some

new English words and phrases that you can

use in your next English conversation.

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