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Auto Loan

Auto Loan Vs. Personal Loan: The Difference

When you're gearing up to purchase a new vehicle, you're likely exploring various financing options. Auto loans and personal loans are among the top choices for Canadians looking to fund their car purchase. While these two types of loans share some similarities, your decision between them hinges on a range of factors.

Auto Financing

Everything to Know About Getting a Car Loan Without a Down Payment

When you're in the market for a new vehicle and exploring financing options, you may stumble upon the enticing phrase: "zero down car loans." But what exactly are zero down car loans, and are they a sensible choice for everyone?

Auto Financing

Should You Secure Car Financing Before Visiting a Dealership?

The question of whether to secure car financing before stepping into a dealership is one that often arises. Making the right decision can save you time, money, and help you negotiate with confidence.

Picking The Right Car

The Ultimate Car Buying Guide for 2023 in Canada

Purchasing a car is a significant decision, and staying informed about the latest trends and factors affecting the Canadian car market in 2023 can greatly benefit your buying experience. Whether you're a first-time buyer or looking to upgrade, this car buying guide for 2023 will provide you with essential information to make a well-informed purchase decision in Canada.

Auto Financing

Unraveling the Truth Behind Car Loan Promotion Myths

Car loans are an integral part of purchasing a vehicle for many Canadians. However, navigating through the world of car loan promotions can be confusing and overwhelming. In this blog post, we will debunk some common myths surrounding car loan promotions to provide you with a clearer understanding of what to expect and make informed decisions.

Auto Financing

Monthly Car Payments in Canada: A Comprehensive Analysis

When it comes to purchasing a car in Canada, understanding the average monthly car payment can help you plan your budget effectively. We have analyzed the current trends and statistics to provide you with valuable insights into the average monthly car payment in Canada.

Auto Financing

The Pros and Cons of Car Refinancing: Is it Right For You?

To make car loan payments more affordable, many consumers think about refinancing, which involves replacing their current loan with a new one. If your financial situation has changed since you took out your present loan or the market has improved, refinancing can result in lower monthly payments.

Auto Financing

Why You Shouldn’t Roll Over Your Car Loan

Rolling over your car loan means to your adding negative equity/or the remaining balance of an old car loan onto a new car loan. If you’re trading your vehicle into a dealership but still have an outstanding balance on it, dealers may offer to roll your previous balance onto your new loan.

Auto Financing

Why You Should Arrange Car Financing Before Visiting a Dealership

The way the car buying process works today, it makes sense to get approved for car financing before visiting a dealership. This gives you time to shop around different lenders until you’ve found a rate you’re happy with. Setting up for financing before visiting a dealership is also a great way to ensure you don’t buy a car you can’t afford.

Auto Financing

Should You Pay Off Your Car Loan Early?

When you’re financing a car, you’re making bi-weekly or monthly payments for a fixed period. Should you choose to pay off your car loan early, you have that option, but there are certainly advantages and disadvantages to this that you need to consider.

Auto Financing

Didn't Get Approved for a Car Loan? Here's What To Do

So you got denied on a car loan application, no big deal! It’s not uncommon for a lender to reject your car loan application for a number of reasons. It’s also very possible to change your circumstances and get yourself approved for a car loan if you’re able to make some changes to your financial situation.

Auto Financing

10 Common Credit Score Myths

Despite the critical role credit score plays in our lives, so many Canadian’s know so little about it. Not understanding how a credit score is calculated or impacted makes it extremely difficult to maintain a healthy score.