How to Save for a Down Payment on a Car in Ontario With Ease

Down payments aren’t mandatory for buying a car but they do help a great deal. We recommend anyone applying for an auto loan put down at least 10-20% of the value as a down payment. But how do you save for a down payment on a car in Ontario? We asked our auto loans team […]

‘Can you buy a car with a credit card?’ This was a question our car loan team faced this week. It isn’t one we hear often but seemed interesting enough to make a blog post about it.   So can you?   Yes, you can buy a car with a credit card if the dealership […]

You cannot beat being your own boss. If you can manage the extra responsibility and are a self-starter, being self-employed is an amazing way to earn a living.   There are complications though when it comes to auto loans as a contract worker. especially when it comes to accessing credit in Guelph. Even though contracting […]

If you are on the fence about whether you should buy an EV or hybrid vehicle you are in the right spot.   Our auto loans team is going to give you the information you need to make a truly informed buying decision. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & […]

Guarantor car loans, or cosigner loans, can help if you are rebuilding credit or don’t have quite enough income to qualify for the car loan on your own. They are useful in accessing standard car finance without any extra complications.   We asked our auto loans team to explain guarantor car loans, what they are, […]

Canadians that want to buy a car but lack the cash on hand for a down payment may qualify for $0 down car financing. Having a down payment helps demonstrate you are serious about buying a car but carmakers understand that most prospective buyers do not have the cash available.   Our auto loans team […]

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 […]