For the first time ever, the cost of a new car in Canada recently topped the $45,000 mark. The cost of a used car in Canada also topped the $25,000 mark. As a result, most Canadians need to take out an auto loan when purchasing a vehicle. Auto financing is the only way that many people…

Even for the most frugal people, saving for a car can take years. The average price of a new vehicle has climbed up to nearly $50,000, and a used car can easily cost in the $20-30,000 range. Not very many people have this kind of cash laying around, which is why saving for a car is…

Did you know that 1.6 million new cars were registered in Canada last year alone? You’re looking for a new vehicle, but you’re not sure if leasing or financing is the best option for you. Both leasing and financing have their pros and cons, so it can be hard to decide which is right for you. Keep…

There are more than 25 million registered road vehicles in Canada today, highlighting the central importance they play in our daily lives. Canada ranks 16th in the world for motor vehicles per 1,000 people, with 730. Cars not only allow us to get from Point A to Point B, such as for daily office commutes, but also afford…

Statistics from the Royal Canadian Mounted Police show that nearly 30% of all collisions reported occurred on wet, snowy, or icy roads. This is why having a winter car maintenance checklist on hand each year to follow comes in handy. If you’re like most Canadians, your car is your go-to mode of transportation during the winter. But…

They’re green. They’re fast. They add AI intelligence to your monotonous commute and catch everyone’s eye as you drive by. We’re talking about an electric vehicle. Whether it’s a Tesla or a hybrid Prius, buying an electric car provides several advantages over the competition. But even for avid car enthusiasts, the question is always, “Should I buy an electric…

Did you know that Canadians registered more than 1.6 million new vehicles in 2021? Considering the current economy, the majority of these vehicles required some kind of auto financing. In Canada, there are several auto financing options to consider. The best choice for you will depend on your financial state, the kind of car you’re getting, and…

In Canada, car loan repayments usually come to around $300-$600. This of course depends on what car you are buying and over how long you have chosen to meet these repayments. However, every loan type is different. Canadian car buyers are always in the market for the best loans available to them. Thankfully, there is a wide…

If you’ve recently felt the long-ranging effects of our changing economy, you might be on the lookout for new ways to save. For car owners, restructuring your auto loan can be a great way to jumpstart your financial journey. According to a report released earlier this year, borrowers saved just over $1,100 per year on average by…

With 15% of Canadians having bad credit scores, many of them struggle when it comes to getting loans. Credit scores are a huge factor in whether a lender decides to do business with you and, unfortunately, having a bad credit score means it’s harder to secure business. Does that mean you’re just doomed if you want an…