Did you know that the average interest rate for a new car loan is 3.86%? Buying a car can be a big investment-one that you want to make sure is the right choice for you. That’s why it’s essential to know all the acronyms and jargon that go with the process. All car buyers should know…

A small number of people have enough money saved to pay cash for a new car. If you’re not in that group, what are your options? Financing a car is one of the most popular choices for people who need to purchase a car but don’t have the cash to do so with one lump sum.…

On average, Canadians owe $20,000 on their car loans. With longer loan terms and higher interest rates, it seems like no one can get out of the car loan rut. Often, Canadians don’t understand the terms that they’re agreeing to when they pick up one of these loans. As such, they don’t realize how much they’re spending…

In Canada, more than half of all loans for new cars are financed for seven years or longer. Because car loans can be such a huge financial burden for vehicle owners, many people are looking for ways to save money when buying a vehicle. One way you can do this is by paying off your car loan…

Research shows that 78% of Canadians feel that it is impossible not to own a car. What’s more, is that 49% of Canadians say that they would have to look for better pay if they couldn’t afford a car. If you are currently looking to buy a car, you are likely to have put hours of research…

Did you know that Canada’s first hybrid car went on the market in 1915? OK, it’s true that at that time they didn’t catch on. It took more than 80 years for Toyota to enter the market with the car we probably most associate with hybrids – the Prius. After more than 20 years on the Canadian…