Author: Carsfast Blog Team

  • How to Get an Auto Loan With Bad Credit

    How to Get an Auto Loan With Bad Credit

    It is hard to exaggerate how big a part of our society the car industry is. Canada alone has an automobile manufacturing market that brings in more than $10 billion worth of revenue every year! That is just one indicator of how much value people get out of having a functional vehicle. Of course, these days, it is […]

  • The Pros and Cons of Bad Credit Auto Financing

    The Pros and Cons of Bad Credit Auto Financing

    Every year, people and organizations in Canada spend upwards of $10 billion on the car and automobile manufacturing industry. That is a strong indicator of the central role that cars play in our society. At the same time, people with poor credit scores often struggle to find auto financing options that work for them. On the other hand, […]

  • Bad Credit Auto Loan: 5 Tips for Finding a Loan for You

    Bad Credit Auto Loan: 5 Tips for Finding a Loan for You

    Do you know your credit score? Credit scores can help you get several types of financial aid. A good credit score improves your chances of getting an auto loan. However, not all credit scores are equal. Canadian credit scores have a range of 300-900. The average credit score in Canada falls around 650. Scores above this figure count […]

  • How the Bad Credit Auto Financing and Approval Process Works

    How the Bad Credit Auto Financing and Approval Process Works

    Did you know that the average credit score in Canada is approximately 650? It can be hard to get a loan when you have bad credit. Traditional lenders might not want to work with you, and that can leave you feeling stranded. It’s not your fault that you have bad credit. Circumstances happen, and sometimes it’s hard […]

  • Can You Get a Guaranteed Car Loan With Bad Credit?

    Can You Get a Guaranteed Car Loan With Bad Credit?

    As inflation surges, more Canadians are finding it hard to make ends meet. In a recent survey, half of Canadians said they felt financially “insecure” and were having trouble paying down debt. What does this mean for those interested in buying cars? Well, it means that it’s more important than ever to stay focused on your financial […]

  • Auto Loans With Bad Credit: How to Get Approved

    Auto Loans With Bad Credit: How to Get Approved

    The average credit score in Canada is 650. More than half of Canadians have scores above 750, while 3% have credit scores below 520. This latter figure qualifies as an extreme risk rating. Canadians with credit scores below 650 often have trouble getting auto loans. Many lenders want borrowers to have an average credit score, at least, […]

  • How to Finance a Car With Bad Credit

    How to Finance a Car With Bad Credit

    Did you know that the average credit score in Canada is 676? Usually, auto loan financing requires you to have a relatively good credit score. However, there is still a chance to do this even if your credit score is bad, although it will be a bit more of a challenge. If you are wondering how […]

  • Low Credit Score Loans: How to Finance a Car Online

    Low Credit Score Loans: How to Finance a Car Online

    According to researchers, around 108 million people have either a low credit score or no score at all. This means their number is lower than 670, which is generally considered a “good” score. Do you fall into that category? If so, you might think your odds of securing an auto loan are slim to none. Thankfully, that isn’t […]

  • 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 […]