0% Interest Car Loans in Ontario: What You Need to Know Before You Buy

Buying a car can be one of the most exciting purchases you make, but it’s also a big financial decision. When you see ads for 0% interest car loans in Ontario, it can sound like the perfect deal—why pay extra when you can borrow for free?   While these offers can be appealing, it’s important […]

We always recommend using a down payment alongside an auto loan for a new car. It reduces the amount you have to borrow and increases your chances of being accepted. You don’t have to use a down payment though; $0 down financing car loans are an option. Get Pre-Approved in 2 Minutes or Less. All […]

Do you trade your old car in and enjoy the simplicity and convenience or sell it privately for a little more money? Selling your old car used to put you in two distinct camps, those who needed every cent would sell privately. Those who wanted a safe, simple transaction traded it in.   That decision […]

You will often see adverts that want you to 'rent to own a car'. They will often be combined with ‘buy here pay here’ and other messages. But is rent-to-own a good idea? Does it make financial sense?   Our car loan team explains.   Rent to Own Cars You will typically see rent to […]

Taking the leap to buy your first car is an exhilarating experience.   As an aspiring driver in Ontario, you're embarking on a journey that promises newfound freedom and mobility.   However, it's crucial to approach this decision with careful consideration and a dash of practicality.   In this guide, we'll steer you through the […]

If you have just got your driver’s license and are ready to hit the road, now is an exciting time. The next step in your journey is to buy a car and enjoy true independence! But financing car loans as a young driver may seem like a daunting bridge to cross before you can drive. […]

Starting a new life in Canada is exciting, but it also comes with challenges—especially when it comes to getting a vehicle. Reliable transportation can make a big difference in accessing job opportunities, education, and community activities.   For many immigrants, car loans for new Canadians in Ontario offer a practical path toward independence and financial […]

A consumer proposal can help a person facing financial hardship get back on their feet, but it comes at a cost, specifically your credit score, as our auto loans team explains.   When you enter into a consumer proposal, your creditors are required to take a massive reduction in the amount of money they are […]

Credit utilization is a factor in any lending decision and something you should bear in mind when considering taking out any debt, including an auto loan.   We asked our auto loans team to explain credit utilization and how it impacts a lending decision. This is what they came up with. Get Pre-Approved in 2 […]

We all know that borrowing money to buy a car in requires a monthly payment to repay. But do you know what goes into that monthly payment or how to calculate a car payment? Our  auto loan team explains exactly what’s going on each month with the calculation of car loan payments. Get Pre-Approved in […]