What’s an Upside Down Car Loan & How Do You Get Out of It?

Nobody likes going upside down on a loan. It’s an uncomfortable feeling and even if you have no intention of selling your car in the near future, it’s not a position anyone wants to be in.   So what can you do about it? Get Pre-Approved in 2 Minutes or Less. All credit scores accepted […]

If you're in the market for your next/first vehicle, you might be asking yourself "should I buy a new car?" as opposed to a less expensive used option.   As they are a significant investment that can involve up to 96 months of auto loan payments, we want you to make the right decision! Let's […]

What is negative equity? Is it the same as being upside down? How does it impact auto loans and can you avoid it? These are all questions fielded by our auto loan team this year alone so we thought the subject would make an excellent blog post.   Negative equity is most often used with […]

If you need to sell your car for any reason but are still paying your auto loan, can you sell it? Can you sell your car to a dealership while there is a loan still outstanding?   We asked our auto loans team whether you can sell your car to a dealership with a loan […]

Securing auto financing after a consumer proposal can be a challenging. Usually because of the bruise it can leave on your credit score. However, it's still possible, and with careful planning and informed decision-making, not only will you be able to finance a vehicle, you'll be able to finance one that meets your wants and […]

Wondering whether you should fix your current car or buy a new one? When is the right time to say goodbye to your old car? If your car is getting old and is starting to cost more to run and repair, is it time to replace it?   Let’s take a look at a few of […]

Our cars are a significant expense and can take up a large part of our monthly income. If you’re looking for a little extra, isn’t it right to make money using your car to help pay it off? We think so!   That’s why we asked our auto loans team to list a few actionable […]

Have you ever wondered about the feasibility of obtaining a car loan with a new job? It's a situation many Canadians find themselves in – the need for a reliable vehicle coupled with the excitement of a new job opportunity. But can you secure a car loan under such circumstances?   The answer might surprise […]

"Why do cars depreciate?" is a common question for new car hunters. If you’re planning to buy a new car, before you apply for an auto loan, you need to know how much your car is worth. Alternatively, if you buy a new car using an auto loan, you need to know how long you’ll […]

Are you ready to hit the road with your dream car but worried about your less-than-ideal credit score?   A credit score of 500 might seem like an obstacle when it comes to securing a car loan but don't despair just yet.   While traditional lending options might not be the best fit, there are […]