When it comes to purchasing a car in Ontario, many people turn to auto loans to finance their vehicles. Whether you’re buying from a dealership or a private seller, understanding Ontario auto loans can help you make a more informed decision.   This guide will break down the basics of Ontario auto loans in a straightforward way, helping you get behind the wheel of your new car with confidence.     What is an Ontario Auto Loan? An Ontario auto loan is a type of financing that allows you to borrow money to purchase a car. You then repay the loan over a set period, typically with ..read more

When you’re in the market for a new car, the excitement of finding the perfect vehicle can quickly be overshadowed by the complexities of securing a car loan. One common question that arises is: “Do multiple car loan applications hurt your credit?”   This concern is understandable, as your credit score is a crucial factor in getting a good loan rate. Let’s break down this issue in a simple and easy-to-understand way. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now Understanding Credit Inquiries When you apply for a car loan ..read more

Getting a car loan can be daunting, especially if you don’t have someone to co-sign for you. In Canada, many people rely on co-signers to secure loans, but it’s possible to get a car loan on your own.   Here’s a straightforward guide on how to navigate this process without a co-signer, specifically through dealerships. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now Understanding Your Credit Score Your credit score plays a crucial role in securing a car loan without a co-signer. It reflects your creditworthiness and helps len ..read more

When shopping for a new car, Canadians often encounter various financing options. One popular choice is the 72-month auto loan. But what exactly does this mean, and is it a good idea for you?   In this article, we will break down everything you need to know about 72-month auto loans in a simple and easy-to-understand manner. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now What is a 72-Month Auto Loan? A 72-month auto loan is a type of financing option where you agree to pay off your car over six years. This means you have 72 ..read more

Buying a car is a significant financial decision, and many Canadians opt for used cars to save money. However, not everyone can afford to pay for a used car outright.   This is where used car loans come into play. In this article, we will explore everything you need to know about used car loans in Canada, making it easy for you to understand and decide whether this option is right for you. What Are Used Car Loans? Used car loans are financial products specifically designed to help individuals purchase pre-owned vehicles.   These loans allow you to borrow money from a lender, such as ..read more

We tend to recommend using credit cards to help you rebuild credit but there are actually dozens of ways you can do it. Today’s post is going to outline a few more steps to rebuild credit score.   We asked our auto loans team to outline a few straightforward steps to rebuild credit score. Here are some of the better suggestions!     What Goes Into Credit Score Calculations?   Not every credit reporting agency uses the exact same calculation, but there are some basics you should be aware of.   Payment history: Paying your bills in full and on time is vital to achie ..read more

Of the many retired people we get to meet doing this job, a very popular ambition is to hit the road and explore Canada. It’s a vast country and most of us usually only see a tiny percentage of it during our working life. This begs the question, is buying a car when retired much different than buying a car with a job? Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now We asked our auto loans team to outline how you might go about buying a car when retired. If you want to explore Canada and your current car isn’t enough, there’s nothin ..read more

Most people know that you need a credit score to get a car loan in Burlington but does financing a car help build credit? Once you qualify for the loan, do it begin repaying you by helping your credit score?   Servicing any debt will help boost your credit score, including an auto loan! Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now How Does Financing a Car Help Build Credit? Your credit score will influence how many lenders will work with you and the interest you pay on that loan. Once you have the loan, a few successful pay ..read more

Canadians buying a car with poor credit will need to do some legwork.   Our auto loans team are going to give you an outline of the steps you must take to get a newer car and the first thing is having the right expectation. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now How to Buy a Car With Poor Credit Score If your credit score is below 700 you will not qualify for a prime interest rate car loan. That means you are going to be quoted a higher rate. The higher the interest rate you have to pay, the less money you will have a ..read more

Have you ever wondered how some people seem to effortlessly drive away in their dream car, while others face the uncertainty of loan approvals and interest rates?   The answer might be simpler than you think. In Canada, the concept of being “pre-approved” for a car is a game-changer. But what does it really mean, and how does it work? Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments required. Apply Now Understanding Pre-Approval In essence, being pre-approved for a car means that you’ve taken the first step towards securing the necessary financing ..read more