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When to Refinance a Car and When to Wait
According to Statistics Canada, 1.6 million new vehicles were registered by Canadians in 2021. So if you’ve taken out an auto loan in recent times, you’re in good company. However, when the new car smell wears off and those late-night drives become a ho-hum experience, there’s one aspect of car ownership that you can’t escape from: The…
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How Much Money Should You Put Down on a Car?
In 2021, it was reported that the average price of a car in Canada was over $50,000. While car prices may be higher, that doesn’t mean you can’t find a great finance deal, so what’s the rule of thumb for a down payment on a car? Many people get confused when deciding how much they should be spending…
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How to Save Up for a Car With Low Income
Did you know that there are more than 37 million low-income households in the United States alone? If you don’t make a lot of money, saving money for a car can seem like an impossible task. However, if you have patience and a bit of ambition, you’ll find that you’ll be able to learn how to save up…
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12 Driving Tips to Improve Your Fuel Efficiency
Right now, gas prices are soaring to record highs all over the country. Even after being adjusted for inflation, they’re still some of the rarest prices we’ve seen in the last 50 years, including the energy crisis in the 1970s. Despite this, most drivers in America have no choice but to continue to drive to work, pick…
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8 Top Tips for Buying Your First Car
If you’re thinking of buying your first car, you’re not alone. Car sales are on the rise in the US, topping over 15 million sales in 2021 for the first time, and we’re on track to beat that record again this year! However, many consumers don’t take buying a new car as seriously as they should. Especially…
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13 Common Car Loan Mistakes and How to Avoid Them
Did you know that more than half of all new car loans in 2018 were financed for 84 months (7 years) or longer? Not only are Canadians buying more cars than ever, but they are financing them for longer as well. If you are thinking about getting an auto loan soon to finance your dream car purchase,…