blog:car loan Archives | Car Nation Canada Direct
Buying a Car When You Still Owe Money On Your Current Vehicle
The urge for a new car can be strong, but what happens if you haven't quite finished paying off your current one? Many Canadians find themselves in this situation, and navigating the options can be tricky. Fear not! This guide will explore the financial implications of buying a car with an existing loan in […]
When Does a Late Car Payment Get Reported in Canada?
Today we’re talking about missed or late car loan payments. More specifically, the time and circumstances around missed payments and when they appear on your credit report. Missing payments isn’t a situation anyone wants to be in but it can happen. With the best will in the world, life is busier than ever and […]
How to Know When to Replace a Car: 4 Must-Know Signs
Cars are like old friends. You see them all the time and they never seem to change. You don’t notice them aging, aren’t worried when they aren’t running 100%, and think they will always be there. So how can you tell when it’s time to replace your old car? We asked our auto loans […]
Are Pre-Purchase Car Inspections Worth It In Canada?
If you don’t know much about cars, having a mechanic or vehicle technician come with you when buying a used car privately can make perfect sense. We recommend anyone buying privately take someone who knows cars with them or pay for a vehicle inspection for a used car, and our auto loans team will share […]
Should I Sell My Car To a Dealership Or Privately in Ontario?
When it comes time to part ways with your faithful car, which should you choose? Sell it to a dealership or sell it privately? The answer used to be so simple. If you needed maximum value, you sold privately. If you wanted an easy transaction, you sold to a dealership. The decision is much […]
This is How Long it Takes to Sell to a Dealership
If you want to sell your old car to a dealership, how long does the process take? What’s involved? Will it take hours? Days? Weeks? The good news is that in most situations, it takes hours to sell your old car to a dealership. In fact, it could take as little as 90 minutes. […]
7 Practical Steps to Buy The Car You Want at a Fair Price
Are you ready to embark on an exciting journey towards owning your dream car? Buying a car is a significant milestone in life, and with the right knowledge and guidance, the process can be both rewarding and enjoyable. In this article, we will walk you through the steps of purchasing a car from a […]
Car Finance Without a Bank Account: How to Get Approved
Today’s blog post is in answer to a customer question we saw last week. It was an unusual one but interesting enough to warrant a fuller explanation and clarification in case other people were wondering the same thing. The question was ‘Can I get a car loan without a bank account?’ Our car loan […]
Trade In Vs. Down Payment On a Car: What's The Better Option?
When it comes to purchasing a new or used car in Canada, many buyers face the decision of how to finance their purchase effectively. Among the various options available, two primary methods are trade-in vs down payment. Both approaches have their advantages and considerations, and understanding them can help you make an informed decision. […]
Upside Down Car Loan in Canada: 5 Things You Can Do Next
Nobody wants to be upside down on a car loan but it isn’t a big deal unless you’re planning to sell the car or trade it in. Most new car purchases will involve being upside down for a little while but then things quickly even out. If your situation has changed and you need to […]