880 Walkers Line, Burlington, ON, L7N 2G2
My Garage

Canadian Automotive Finance Blog

Claiming Capital Cost Allowance on Your Car in Ontario

Blog image

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 […]

Categories: Uncategorised

Read More

How Do Dealerships Verify Income For Car Loan Approval

Blog image

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 […]

Categories: Uncategorised

Read More

Does Leasing a Car Have Any Affect On Your Credit Score?

Blog image

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 […]

Categories: Uncategorised

Read More

Financing a Car Loan While You Have Unpaid Collections

Blog image

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 […]

Categories: Uncategorised

Read More

Getting You Car Back After Repossession in Ontario: 2024 Guide

Blog image

If your car has been repossessed, you may feel worried and unsure about what to do next. Repossession happens when you miss car payments, and the lender takes back the vehicle.   But don’t panic—there are ways to get your car back after repossession in Ontario. This article will help you understand the process and […]

Categories: Uncategorised

Read More