Author: Carsfast Blog Team

  • Warming Up Your Car in the Winter: What You Need to Know

    Warming Up Your Car in the Winter: What You Need to Know

    If you take good care of your car, your car will do the same for you. With the average new car costing $47,000 this year, it pays to keep your car running for as long as you can. Well, if you live in Canada, you have a few threats to your car that need to be taken […]

  • What Is the Cheapest Hybrid Car?

    What Is the Cheapest Hybrid Car?

    If you want to go green, but you’re not ready to commit to an all-electric vehicle, there’s a solution for you: a hybrid vehicle. Making the switch to a Tesla can be difficult since electric cars have limited range and charging hubs are few. To make matters worse, the cheapest option comes in at over $40 […]

  • Ways to Build Credit: How to Use Car Loans to Help Build Credit

    Ways to Build Credit: How to Use Car Loans to Help Build Credit

    Did you know that the average credit score in Canada is 667? Your credit score holds many factors that affect your day-to-day life. Your credit score determines whether a business will approve a loan or a mortgage, how much you’ll pay for car insurance, and how much of a deposit you’ll have to leave on a […]

  • How Long Are Car Loans? What You Need to Know

    How Long Are Car Loans? What You Need to Know

    In 2021, over 1.5 million new vehicles were registered in Canada. As COVID-19 restrictions are lifted, people all over the world are returning to work and need new cars. Many people purchase their vehicles outright, but car loans are a popular purchasing option. Many new car buyers only look at the monthly payments and overall cost of […]

  • What Is the Car Depreciation Curve? A Closer Look

    What Is the Car Depreciation Curve? A Closer Look

    Did you know that a new car loses an average of 11% of its value the moment you drive it off the lot? This isn’t good considering the car would be brand new. This is also something that can throw consumers off of the trail of a brand new car. Think about this as well, within the […]

  • How to Find the Best Used Cars in Canada

    How to Find the Best Used Cars in Canada

    Are you looking to buy one of the best-used cars in Canada? There are many options you can choose from. Getting a car is not easy if you don’t have much money to throw around. However, there are still options for everyone. You just need to know how to look for them. This article will […]

  • Car Buyers: What Does OAC Mean When Buying a Car?

    Car Buyers: What Does OAC Mean When Buying a Car?

    Did you know that the average interest rate for a new car loan is 3.86%? Buying a car can be a big investment-one that you want to make sure is the right choice for you. That’s why it’s essential to know all the acronyms and jargon that go with the process. All car buyers should know […]

  • Financing a Car: What Are the Pros and Cons of Auto Loans?

    Financing a Car: What Are the Pros and Cons of Auto Loans?

    A small number of people have enough money saved to pay cash for a new car. If you’re not in that group, what are your options? Financing a car is one of the most popular choices for people who need to purchase a car but don’t have the cash to do so with one lump sum. […]

  • What Is a Car Loan? The Ultimate Guide

    What Is a Car Loan? The Ultimate Guide

    On average, Canadians owe $20,000 on their car loans. With longer loan terms and higher interest rates, it seems like no one can get out of the car loan rut. Often, Canadians don’t understand the terms that they’re agreeing to when they pick up one of these loans. As such, they don’t realize how much they’re spending […]

  • Paying off Car Loan Early: How to Do It

    Paying off Car Loan Early: How to Do It

    In Canada, more than half of all loans for new cars are financed for seven years or longer. Because car loans can be such a huge financial burden for vehicle owners, many people are looking for ways to save money when buying a vehicle. One way you can do this is by paying off your car loan […]