How to Get Your Car Back After Repossession in Canada

Nobody wants to have to go through a repossession but it is something too many people have to experience. While it can be devastating at the time, it’s a temporary situation that you can recover from. You can even get your car back in most situations. Our car loan team outlines how to get your […]

When purchasing a car, many Canadians opt for financing options to spread the cost over time. Car loans are a common choice, allowing individuals to own a vehicle without paying the full amount upfront.   However, getting approved for a car loan is not always easy, especially if you have limited credit history or a […]

When immigrants set foot in Canada, they embark on a journey filled with dreams, aspirations, and endless possibilities.   However, amidst the excitement and challenges that come with building a new life, one crucial aspect often remains unaddressed: transportation.   The ability to secure a car loan as an immigrant in Ontario can be a […]

For many Canadians, owning a car is essential for daily commuting, running errands, and maintaining a sense of independence.   However, obtaining a car loan while on Employment Insurance (EI) can be challenging, as lenders often consider it a risk due to the temporary nature of the benefit.   Despite the limitations of traditional lending […]

The typical car lease will be for a new car but can you lease used cars? Are they a good idea? Are they cheaper than leasing a new vehicle? Is there anything you should look out for?   Our auto lease team offers some of their wisdom.   Leasing a Used Car When we think […]

If you're looking to buy a car, but have just started a new job, you may be wondering whether you can get a car loan. While it can be more challenging to obtain a car loan with a new job, it is still possible.   Here's what you need to know about getting a car […]

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, […]