Author: Carsfast Blog Team

  • Consumer Proposal Auto Loan: Is It an Option Worth Considering?

    Consumer Proposal Auto Loan: Is It an Option Worth Considering?

    In March 2022, consumer proposals rose by 23.7 percent from April 2022. While a consumer proposal can make insurmountable debts more manageable, it can complicate things if you’re looking for a loan. But even so, here’s the good news: Getting car financing isn’t impossible if you’re in the market for a new vehicle. Keep reading to find out what a […]

  • How Do Hybrid Cars Work?

    How Do Hybrid Cars Work?

    If you’re like most people, you’re interested in learning about hybrid electric cars. How do they work? What are the benefits of owning one? In this article, we will answer all of your questions about hybrids! We’ll discuss what a hybrid is, how it works, and the benefits of owning one. So, if you’re curious […]

  • Calculating Monthly Car Payments: A Guide for Borrowers

    Calculating Monthly Car Payments: A Guide for Borrowers

    Nearly 50% of people in Canada have a long-term financial budget. This can help you manage your daily expenses and plan for the future. That said, even with the best financial plan in place, it can be difficult to save up for large expenses, such as buying a car. Fortunately, help is at hand. In fact, more than […]

  • Charging Electric Vehicles: What You Need To Know

    Charging Electric Vehicles: What You Need To Know

    Did you know that you can charge an electric vehicle to about 80% in 30 minutes? Electric vehicles have come a long way. The prospect of taking them on a long-distance road trip used to be unimaginable. But now, charging electric vehicles is easier than ever, thanks to the EV charging station. The question still remains […]

  • Top Mistakes Car Buyers Make When Buying a Used Car

    Top Mistakes Car Buyers Make When Buying a Used Car

    In 2021, supply chain shortages impacted the sale of new and used cars, leading to a 5% increase in used car sales. For many car buyers, this process can seem intimidating, especially if they’re accustomed to buying new cars. Can you get a great deal when buying a used car? Can you get a high-quality vehicle that […]

  • Car Buyer Guide: Why You Should Buy a Used Car

    Car Buyer Guide: Why You Should Buy a Used Car

    Every year, we’re breaking new records in automotive sales and prices. Last year, over 1.6 million cars were sold and registered in Canada, and used car sales are on track to break that record again this year. Fortunately, there are ways to save money and make the right decision for your needs. It only requires a little diligence and care. […]

  • Car Buying 101: How to Calculate an Auto Budget

    Car Buying 101: How to Calculate an Auto Budget

    The cost of a car payment has risen steadily over the last two years, with inflation not letting up any time soon on a family’s auto budget. It’s not unusual for a new car to cost the same as a small apartment. And since everyone’s financial situation is different, it’s important to tailor your car budget to fit […]

  • Can You Get a Car Loan After Bankruptcy in Canada?

    Can You Get a Car Loan After Bankruptcy in Canada?

    On average, Canadians owe around $73,500 in debt to banks and other institutions. With so much debt, in some cases, the only way out is to file for bankruptcy. Bankruptcy can help you remove some or even all of your debt, but it certainly isn’t a good thing to have on your credit report. You might be wondering […]

  • Too Good to Be True? What You Need to Know About 0% Financing

    Too Good to Be True? What You Need to Know About 0% Financing

    You’ve had your car for years, and you love it, but you know it won’t last much longer. However, you don’t have a ton of money to spend on a new car loan. In that case, you may want to consider 0% financing. It can be a good option for some, but it’s not always […]

  • What Credit Scores for Auto Loans Do You Need?

    What Credit Scores for Auto Loans Do You Need?

    Did you know that the average credit score in Canada is approximately 650? While this isn’t an awful rating, it doesn’t make you look like a stellar candidate in the eyes of certain lenders. There are certain credit scores for auto loans that you should keep in mind before purchasing a vehicle. Although car financing with bad […]