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Does refinancing a car hurt your credit score?

While there's a likelihood of a slight credit score dip, don't let that deter you from exploring auto loan refinancing. This decision could be a wise financial move, offering savings and much-needed relief.

Auto Financing

Can You Switch Co-Signers on a Car Loan

You might find yourself wondering whether it's possible to switch co-signers on a car loan. In this blog, we'll delve into the concept of changing co-signers on a car loan and explore the feasibility and considerations surrounding this process.

Canadian Car News

How Inflation Affects Car Loans in Canada

Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly. Inflation can affect car loans in Canada in a few ways:

Auto Financing

5 Steps to Take After You Refinance Your Car Loan

So you just refinanced your car loan, maybe it was to get a lower interest rate and lower your overall costs or maybe it was just to make your monthly payment smaller. Once you’ve been approved for refinancing, there are some important steps you should take.

Auto Financing

8 Tips to Get a Great Deal on Your First Car Loan

Buying a car for the first time is an overwhelming experience for most Canadians. There are so many things that need to be considered that often, important factors like loan terms can fall by the wayside. It’s important that regardless of how stressful you may find the car buying process to be, you need understand the importance of getting the right loan terms for you

Auto Financing

The Requirements Needed to Refinance a Car Loan

The decision to refinance your car loan ultimately depends on how much money you’d be able to save. But even if you decide that refinancing is the route you want to take, you’re going to need to ensure you meet the requirements needed to refinance a car loan.

Car Care and Ownership

10 Ways to Save Money on Car Insurance

It doesn’t matter if you’re an experienced driver or in your first year on the road, insuring a vehicle isn’t cheap. There are however ways you can save money on car insurance and in this article we’re going to talk all about that.

Auto Financing

How To Keep Track of your Credit Score

If you’re an adult living in Canada, there’s a good chance that at one point you’ve had to get a loan of some sort. Whether it be for a car purchase, mortgage, student loan or just day-to-day credit card, you’re taking on debt by using credit.

Picking The Right Car

What is More Important in Buying a Car, a Big Down Payment or a Low Interest Rate?

Buying and determining how to pay for a new car or used car can be an involved process. If you have the option to make a big down payment or take advantage of a low interest rate, which option should you select? Or should you take both options? You Don't ...

Auto Financing

8 (Hidden) Factors That Can Affect Your Auto Loan Interest Rates

Are you in the market for a new car or truck? Well, unless you've got the cash lying around, you'll probably have to borrow the money. And that means applying for an auto loan. A huge part of an auto loan is the interest rate, which controls how ...

Auto Financing

7 Surprising Details That Affect Your Monthly Car Loan Payment

Introduction Most people will probably understand the basics of how a monthly car loan payment is worked out - they'll understand the simple facts that affect a loan's cost, like interest rates or the length of the repayment period. But there are many more factors that determine the cost of ...

Auto Financing

How Covid-19 Is Affecting Car Loans

It’s amazing how much can change in just a week. Everyone here at Car Loans Canada wishes you and your family all the best during this difficult time and hope that you’re taking the recommended precautions to avoid exposure to COVID-19. Nothing is more precious than your health, and we ...