How to Buy You First Car: Our Ultimate 7-Step Process

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 […]

Buying a pre-owned vehicle can be a smart and cost-effective choice, but it’s important to understand what to know when buying used car in Ontario.   From verifying a vehicle’s history to understanding legal requirements, a little preparation can save you from costly mistakes and ensure you drive away with confidence.     Understanding Ontario’s […]

Nobody sets out to miss a car payment but life happens. We are all busy, we all have a lot going on and it’s easy to miss something when your attention is elsewhere. But what happens if you miss a car payment in Canada?   We're going to outline exactly what happens if you miss […]

Selling your car to a dealership is a fast, painless way to raise some extra cash, make some money for a down payment or clear space for a new car. But what if you’re still paying a car loan on the car you want to sell?   We asked our auto loans team to outline […]

It’s reader question time again. This time it’s a question we hear often, making it ideal for a blog topic. The question is ‘What is in-house financing and is it a good alternative to a car loan’.   Our car loan team takes it from here. Get Pre-Approved in 2 Minutes or Less. All credit […]