Guaranteed Car Loans in Canada: Everything You Should Know

You may have seen the term ‘Guaranteed Auto Loans’ around when looking for cars or at car finance. But what are they and how can someone guarantee you a loan without knowing your personal circumstances or even your credit score?   Unfortunately, there are no guarantees in finance. In most circumstances, the 'guarantee' is just […]

Being self-employed comes with a lot of benefits such as being your boss and having a flexible schedule, but it also means that you may face some challenges when it comes to obtaining financing, including car loans.   However, being self-employed doesn’t necessarily mean that you can’t get a car loan. Here’s what you need […]

Trading in your old car is an excellent way of reducing the amount you’ll need to borrow for the new car. But what happens if you have negative equity on your existing car loan?   Negative equity is where your car is worth less than the car loan you used to buy it. This can […]

Getting a car loan as a veteran unfortunately can be a challenge.   Even more so if you haven’t spent much time in civilian life before your service.   We at Northway Ford want to make this process much easier than it is, which is why we are discussing it today.   At the moment, […]

Life throws curveballs, and sometimes you end up missing a car loan payment. Don't panic! Here's a guide to help you get back on track, minimize the damage, and avoid repossession.   The first thing you should do is not panic. You will need to move fast but there is absolutely no need for panic. […]

If you’re planning to buy a new car anytime soon, it’s natural to want to explore finance options. Two that will very likely come up are car loans vs personal loans.   Both give you money to buy what you want but what’s the real difference between the two? Is one better than the other? […]

Whatever your opinion of ride sharing apps, they have changed the way people travel and earn money. For travellers, they are a convenient way to get around. For drivers, ride sharing apps provide a flexible way to earn a living.   If you want to become an Uber driver but don’t yet have a car, […]

A few options are available to you if you want to pay off your car loan faster. The first step is determining whether you can prepay your car loan without incurring any penalties.   Most car loans have no penalties for paying off the loan before the agreed-upon maturity date, but you should always double-check. […]

If you’re planning to lease a car, you need to understand what residual value is. It forms part of the lease agreement and helps determine how much you’ll be paying each month.   Our Binbrook auto loans team explains what vehicle residual value is and how it impacts the monthly cost of a vehicle lease. […]

Need a new set of wheels but your credit report looks a bit worse for wear? Don't despair, Canadian car shoppers! A poor credit score throws a bump in the road, but it doesn't have to block the entire highway.   With some smart planning and strategic maneuvering, you can still land the car you […]