Did you know that about 66 percent of Canadians finance their vehicles using auto loans? Before you buy a vehicle, you will likely want to have your finances in place. You may need a car loan if you haven’t saved up the cash. There are many types of auto loans in Canada. So you need to choose…

You’re trying to buy a new car and you know that a bank or credit union will probably turn you down. It’s not your fault—you’ve had some bad luck recently, and now you’re looking at paying an astronomical interest rate on your loan until you pay it off in full. If you’re in this position,…

If you want to join the 84% of Canadians who own their own cars, you need to start serious financial planning. Buying a car is a significant financial commitment and maintaining one also requires a lot of capital. Fortunately, you do not have to manage this cost all by yourself. You can take out a car loan to…

Did you know that car prices are over 17% higher than they were a year ago? With prices creeping up, it’s easy to feel overwhelmed if you’re in the market for a new set of wheels. But if you know what to expect and get yourself financially fit, you’ll be ready to score a good deal. Stick around…

Almost 2 million new cars were purchased in 2021 in Canada. If you were not one of the people who purchased a car in 2021, you may be looking into car buying for this year. If that’s the case, you want to go into it with the right knowledge and the right questions for a car dealer.…

A recent study found that in 2022 over 40% of used cars and over 85% of new cars were purchased using financing. Financial loans are crucial to help afford large purchases such as land, houses, and motor vehicles. However, with so many options available, what car loan length is right for you? Don’t worry; with this guide,…

Did you know that 84% of people in Canada own a car? Having your own car provides a lot of personal freedom and can make your daily life much easier. However, for most people in Canada, this is a big financial commitment. Used cars usually cost upwards of $25,000, while a new car can cost $45,000 or more.…

Do you have bad credit? If so, you’re absolutely not alone. In fact, the average credit score in Canada is currently 650. By most standards and scoring models, that doesn’t even put you in the “good” category, which starts at about 660. With millions of Canadians struggling with less than ideal credit scores, how do you go…

Did you know that 1.6 million new cars were registered in Canada last year alone? If you’re ready to invest in a vehicle, then you’ve probably started looking into your options for auto loans. Unfortunately, this can sometimes feel like Pandora’s box. If you’re tired of reading about loans or terms you don’t understand, then you’re in…

In 2021, Canadians registered 1.6 million new vehicles. But as much as everyone loves the thrill of a new car, there’s a basic reality that drivers can’t escape from: Cars cost a lot of money to buy. Between housing costs, student loans, and overall debts, getting approved for a car loan is difficult in the best of…