Should I Rent to Own a Car in Canada? All You Need to Know

You will often see adverts that want you to 'rent to own a car'. They will often be combined with ‘buy here pay here’ and other messages. But is rent-to-own a good idea? Does it make financial sense?   Our car loan team explains.   Rent to Own Cars You will typically see rent to […]

Taking the leap to buy your first car is an exhilarating experience.   As an aspiring driver in Ontario, you're embarking on a journey that promises newfound freedom and mobility.   However, it's crucial to approach this decision with careful consideration and a dash of practicality.   In this guide, we'll steer you through the […]

If you have just got your driver’s license and are ready to hit the road, now is an exciting time. The next step in your journey is to buy a car and enjoy true independence! But financing car loans as a young driver may seem like a daunting bridge to cross before you can drive. […]

Canada is a land of opportunity and immigrants have contributed much to the success of the true north strong and free.   If you are new to Canada and want to buy a car, we're going to provide insight on how to get a car loan without getting ripped off in the process. Get Pre-Approved […]

A consumer proposal can help a person facing financial hardship get back on their feet, but it comes at a cost, specifically your credit score, as our auto loans team explains.   When you enter into a consumer proposal, your creditors are required to take a massive reduction in the amount of money they are […]

Credit utilization is a factor in any lending decision and something you should bear in mind when considering taking out any debt, including an auto loan.   We asked our auto loans team to explain credit utilization and how it impacts a lending decision. This is what they came up with. Get Pre-Approved in 2 […]

We all know that borrowing money to buy a car in requires a monthly payment to repay. But do you know what goes into that monthly payment or how to calculate a car payment? Our  auto loan team explains exactly what’s going on each month with the calculation of car loan payments. Get Pre-Approved in […]

Canadians who want to buy a used car in 2024 have some critical questions they need to ask themselves. This article is going to cover 4 things to know about buying a used car this year. We hope it helps! Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments […]

Nobody sets out to miss a car payment but life happens. We are all busy, we all have a lot going on and it’s easy to miss something when your attention is elsewhere. But what happens if you miss a car payment in Canada?   We're going to outline exactly what happens if you miss […]

Selling your car to a dealership is a fast, painless way to raise some extra cash, make some money for a down payment or clear space for a new car. But what if you’re still paying a car loan on the car you want to sell?   We asked our auto loans team to outline […]