Category: Uncategorized

  • How to Compare Auto Loan Terms

    How to Compare Auto Loan Terms

    Did you know that Canadians registered more than 1.6 million new vehicles in 2021? Considering the current economy, the majority of these vehicles required some kind of auto financing. In Canada, there are several auto financing options to consider. The best choice for you will depend on your financial state, the kind of car you’re getting, and […]

  • An Overview of Car Loan Options for Canadian Car Buyers

    An Overview of Car Loan Options for Canadian Car Buyers

    In Canada, car loan repayments usually come to around $300-$600. This of course depends on what car you are buying and over how long you have chosen to meet these repayments. However, every loan type is different. Canadian car buyers are always in the market for the best loans available to them. Thankfully, there is a wide […]

  • 5 Reasons To Refinance a Car Loan

    5 Reasons To Refinance a Car Loan

    If you’ve recently felt the long-ranging effects of our changing economy, you might be on the lookout for new ways to save. For car owners, restructuring your auto loan can be a great way to jumpstart your financial journey. According to a report released earlier this year, borrowers saved just over $1,100 per year on average by […]

  • 7 Bad Credit Auto Loan Financing Tips

    7 Bad Credit Auto Loan Financing Tips

    With 15% of Canadians having bad credit scores, many of them struggle when it comes to getting loans. Credit scores are a huge factor in whether a lender decides to do business with you and, unfortunately, having a bad credit score means it’s harder to secure business. Does that mean you’re just doomed if you want an […]

  • 5 Types of Auto Loans in Canada

    5 Types of Auto Loans in Canada

    Did you know that about 66 percent of Canadians finance their vehicles using auto loans? Before you buy a vehicle, you will likely want to have your finances in place. You may need a car loan if you haven’t saved up the cash. There are many types of auto loans in Canada. So you need to choose […]

  • 5 Things To Know About Getting a Bad Credit Auto Loan

    5 Things To Know About Getting a Bad Credit Auto Loan

    You’re trying to buy a new car and you know that a bank or credit union will probably turn you down. It’s not your fault—you’ve had some bad luck recently, and now you’re looking at paying an astronomical interest rate on your loan until you pay it off in full. If you’re in this position, […]

  • How Much Should You Have for a Car Down Payment?

    How Much Should You Have for a Car Down Payment?

    If you want to join the 84% of Canadians who own their own cars, you need to start serious financial planning. Buying a car is a significant financial commitment and maintaining one also requires a lot of capital. Fortunately, you do not have to manage this cost all by yourself. You can take out a car loan to […]

  • 13 Important Tips for First-Time Car Buyers

    13 Important Tips for First-Time Car Buyers

    Did you know that car prices are over 17% higher than they were a year ago? With prices creeping up, it’s easy to feel overwhelmed if you’re in the market for a new set of wheels. But if you know what to expect and get yourself financially fit, you’ll be ready to score a good deal. Stick around […]

  • 12 Essential Questions to Ask When Buying a New Car

    12 Essential Questions to Ask When Buying a New Car

    Almost 2 million new cars were purchased in 2021 in Canada. If you were not one of the people who purchased a car in 2021, you may be looking into car buying for this year. If that’s the case, you want to go into it with the right knowledge and the right questions for a car dealer. […]

  • A Buyer’s Guide to Car Loan Lengths

    A Buyer’s Guide to Car Loan Lengths

    A recent study found that in 2022 over 40% of used cars and over 85% of new cars were purchased using financing. Financial loans are crucial to help afford large purchases such as land, houses, and motor vehicles. However, with so many options available, what car loan length is right for you? Don’t worry; with this guide, […]