Everything You Should Know About Buying an Ex-Rental Car
If you’re considering buying an ex-rental car from a dealership in Ontario, you're making a choice that can offer great value. Ex-rental cars are vehicles that have been used by rental companies and are now being sold. Here’s a simple guide to help you understand the process and what to expect. What is […]
Claiming Capital Cost Allowance on Your Car in Ontario
If you're a Canadian business owner in Ontario who uses a car for work purposes, you might be interested in claiming Capital Cost Allowance (CCA) on your vehicle. CCA is a tax deduction that allows you to recover the cost of your car over time. Here’s a straightforward guide to help you understand how […]
How Do Dealerships Verify Income For Car Loan Approval
If you’re buying a car and need financing, you might be wondering, “How do dealerships verify income?” It’s important to understand that while dealerships help you get a car loan, it’s actually the lenders who verify your income. Let’s break down the process so you know what to expect. Who Verifies Your […]
Does Leasing a Car Have Any Affect On Your Credit Score?
When it comes to leasing a car in Ontario, one question that might come to mind is, "Does leasing a car affect my credit score?" The answer is yes, leasing a car does affect your credit score. This is because a car lease is like a loan, and your credit history plays a major […]
Financing a Car Loan While You Have Unpaid Collections
If you're living in Ontario and considering applying for a car loan but have unpaid collections on your credit report, you may wonder how this could affect your chances of approval. While unpaid collections can create obstacles, it’s still possible to secure a car loan, especially if you work with a dealership that understands […]