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Canadian Automotive Finance Blog

Financing a Loan For a Truck in Canada: How to Get Approved

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Can you get an auto loan for a truck? Can you use a standard car loan for a semi or flatbed? Today is another question asked of our auto loans team by a customer.   While we don’t hear this one very often, it was intriguing enough to make a blog post out of it. […]

Categories: Car News

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Can I Upgrade My Financed Car Loan To a New One In Ontario?

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Can I get a car loan for an upgrade? This is another of those questions we get to hear a lot at Car Nation Canada. We think it’s about time we answered.   You can get a car loan if you want to buy a better or newer car.   The rules for this type […]

Categories: Car News

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Being a Co-Signer On a Car Loan: Everthing You Need To Know

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Being a cosigner on a car loan is your opportunity to do some good and help someone out. Unfortunately, not all the facts are always made available to the cosigner, leaving them exposed in ways they didn’t realize.   We want you to fully understand what you’re getting into so we asked our auto loan […]

Categories: Car News

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How Much Should You Put Down On a Car In Ontario?

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Given the amount of money involved in the average new car purchase, it’s no wonder many people try to lower their car loan by as much as possible. A key way to do that is by putting down a large down payment.   But is there a magic number? Is there such a thing as […]

Categories: Car News

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Car Depreciation in Canada: Everything You Need to Know

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Depreciation is where a car loses value over time. It happens to all cars but at different rates depending on the desirability, cost, perceived brand value and current market but is usually at a fairly predictable pace. So how does this factor into a car loan?   A brand-new car will depreciate between 40-50% within […]

Categories: Car Financing

Tags: resale value

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