What's the Best Car Loan Length? All Your Questions Answered

Are you about to get a loan for a new car? Something that’s going to come up in conversation is the “loan term”. You may be willing to just leave it at whatever the dealer proposes but be careful! Because the loan term is actually one of the most important factors in negotiations and In […]

It’s a situation that nobody wants to be in but many people are. Many through no fault of their own. If you’re facing missing or are falling behind on car loan payments, what’s going to happen?   Nothing to begin with but that’s no reason to not take action. Here's everything you need to know […]

When it comes to purchasing a vehicle in Canada, one of the most significant decisions you'll face is whether to buy a new or used car.   Each option has its own set of advantages and disadvantages, and understanding these factors can help you make an informed choice that aligns with your budget, preferences, and […]

Having bad credit can limit your car buying options. Most people don't have the cash to buy a vehicle outright, so they need financing.   Lenders have become more conservative with their car loan underwriting, so your credit score plays a crucial role in whether you are classified as prime or subprime. Here's how to […]

Leasing a car is a popular option for many Canadians, as it provides flexibility and lower monthly payments compared to buying a car outright.   However, at the end of the lease term, you have the option to either return the car or buy it outright.   If you decide to buy the car, you […]

We don’t see so many modified cars around anymore but there is still a tight-knit group of enthusiasts who can do amazing things to standard cars. One question our auto loans team was asked recently was about whether or not you can modify a financed car in Canada.   Modifications come in all shapes and […]

Life can throw unexpected challenges our way, and one such challenge is the unfortunate event of car repossession. While the experience can be daunting, it's important to remember that it's not the end of the road.   In Canada, there are several avenues you can explore to get back on track and purchase a car […]

We talk a lot about car loan down payments as they are an integral part of the process. But how much is enough? Is there an ‘ideal’ amount to put down on a car? We asked our car loans team to outline the benefits of using a down payment and how much to put down […]

With low interest rates, wider acceptance criteria, and a more competitive market than ever, car loans have never been so accessible. Even so, it is possible to attain a cheaper car loan with a few simple tricks.   They won’t make an existing car loan cheaper but they can contribute to lowering the overall cost […]

Are you grappling with bad credit but in need of reliable transportation? Rent-to-own car programs can offer a viable solution for those who may struggle to secure traditional financing.   In this article, we'll explore the concept of renting to own a car with bad credit and how it can be a pathway to vehicle […]