Did you know that the average new car loan is over $33,000, and over $25,000 for used cars? Applying for a car loan can be difficult, especially if you have bad credit. It’s hard to know where to turn when you need online auto loan financing. You might not know which lenders are willing to work…

It is hard to exaggerate how big a part of our society the car industry is. Canada alone has an automobile manufacturing market that brings in more than $10 billion worth of revenue every year! That is just one indicator of how much value people get out of having a functional vehicle. Of course, these days, it is…

Every year, people and organizations in Canada spend upwards of $10 billion on the car and automobile manufacturing industry. That is a strong indicator of the central role that cars play in our society. At the same time, people with poor credit scores often struggle to find auto financing options that work for them. On the other hand,…

Do you know your credit score? Credit scores can help you get several types of financial aid. A good credit score improves your chances of getting an auto loan. However, not all credit scores are equal. Canadian credit scores have a range of 300-900. The average credit score in Canada falls around 650. Scores above this figure count…

Did you know that the average credit score in Canada is approximately 650? It can be hard to get a loan when you have bad credit. Traditional lenders might not want to work with you, and that can leave you feeling stranded. It’s not your fault that you have bad credit. Circumstances happen, and sometimes it’s hard…

As inflation surges, more Canadians are finding it hard to make ends meet. In a recent survey, half of Canadians said they felt financially “insecure” and were having trouble paying down debt. What does this mean for those interested in buying cars? Well, it means that it’s more important than ever to stay focused on your financial…

The average credit score in Canada is 650. More than half of Canadians have scores above 750, while 3% have credit scores below 520. This latter figure qualifies as an extreme risk rating. Canadians with credit scores below 650 often have trouble getting auto loans. Many lenders want borrowers to have an average credit score, at least,…

Did you know that the average credit score in Canada is 676? Usually, auto loan financing requires you to have a relatively good credit score. However, there is still a chance to do this even if your credit score is bad, although it will be a bit more of a challenge. If you are wondering how…

According to researchers, around 108 million people have either a low credit score or no score at all. This means their number is lower than 670, which is generally considered a “good” score. Do you fall into that category? If so, you might think your odds of securing an auto loan are slim to none. Thankfully, that isn’t…

In March 2022, consumer proposals rose by 23.7 percent from April 2022. While a consumer proposal can make insurmountable debts more manageable, it can complicate things if you’re looking for a loan. But even so, here’s the good news: Getting car financing isn’t impossible if you’re in the market for a new vehicle. Keep reading to find out what a…