How to Save Money For a Down Payment On a Car: 11 Easy Tips

A down payment is an essential part of every car loan. It helps improve your chances of being accepted, lowers the amount you have to borrow and shows lenders you’re serious about the loan. But what happens if you struggle to save for one?   That’s what our auto loan team is tackling today. They […]

Are you about to get a loan for a new car? Something that’s going to come up in conversation is the “loan term”. You may be willing to just leave it at whatever the dealer proposes but be careful! Because the loan term is actually one of the most important factors in negotiations and In […]

When it comes to purchasing a vehicle in Canada, one of the most significant decisions you'll face is whether to buy a new or used car.   Each option has its own set of advantages and disadvantages, and understanding these factors can help you make an informed choice that aligns with your budget, preferences, and […]

Having bad credit can limit your car buying options. Most people don't have the cash to buy a vehicle outright, so they need financing.   Lenders have become more conservative with their car loan underwriting, so your credit score plays a crucial role in whether you are classified as prime or subprime. Here's how to […]

Leasing a car is a popular option for many Canadians, as it provides flexibility and lower monthly payments compared to buying a car outright.   However, at the end of the lease term, you have the option to either return the car or buy it outright.   If you decide to buy the car, you […]

Welcome to our guide to finance a car loan in 2023! Whether you're looking to purchase a new or used vehicle in Canada, financing can be a useful tool to help you spread out the cost over time. But with so many options available, it can be overwhelming to navigate the world of car loans […]

We don’t see so many modified cars around anymore but there is still a tight-knit group of enthusiasts who can do amazing things to standard cars. One question our auto loans team was asked recently was about whether or not you can modify a financed car in Canada.   Modifications come in all shapes and […]

Buying a used car can be a daunting experience, especially if you're a first-time buyer. It's important to approach the process with a clear understanding of what you're looking for and what to expect from the dealership. In this article, we'll share some tips to help you make a smart purchase and avoid any potential […]

Life can throw unexpected challenges our way, and one such challenge is the unfortunate event of car repossession. While the experience can be daunting, it's important to remember that it's not the end of the road.   In Canada, there are several avenues you can explore to get back on track and purchase a car […]

We talk a lot about car loan down payments as they are an integral part of the process. But how much is enough? Is there an ‘ideal’ amount to put down on a car? We asked our car loans team to outline the benefits of using a down payment and how much to put down […]