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Car Depreciation: How It's Caused & How to Minimize It

blog:Car Buying Archives | Car Nation Canada

Car Depreciation: How It's Caused & How to Minimize It

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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% […]

Categories: Car Financing

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Can You Defer a Car Payment?: Everything You Need to Know

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A car loan is usually a fixed monthly payment you make on the same day every month until the loan is paid. It’s a long term financial commitment that doesn’t change for the length of the loan. There are occasions when you can change that or skip a payment. These are called deferrals or deferments, […]

Categories: Car News, Car Payments

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What's a Car Loan Settlement Figure & How is it Calculated?

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Once again, a customer has a question for us, and this time, it's one that borrowers who have been making loan payments for a long frequently ask. What is a car loan settlement amount, and how do you obtain one?   What a car loan settlement figure is, how to calculate it, and how to […]

Categories: Car Financing

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Lease or Finance a Car: Which Option is Better?

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Very few of us have the luxury of being able to afford to pay cash for a new car. So when it comes time to buy a new vehicle, we often turn to leasing or finance to help. Either choice allows us buy new without having to save up for years, but both do it […]

Categories: Car Leasing/Renting

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Inspecting a Used Car Before Buying: Why It's So Important

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Would you buy a pair of shoes without trying them on and checking them out first? How about a new suit for work? Chances are that you wouldn't buy anything important without making sure it fits you and it fit for purpose. So isn't it surprising that so many people simply look under the hood, drive […]

Categories: Used Car Buying

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Can't Afford a Car Loan Anymore? Here Are Your 6 Options

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Numerous Canadians who had no fault of their own ended up in tough circumstances. Financial hardships are just one example of how the pandemic has wreaked havoc on every part of our life.   So what can you do if you can't afford a car loan anymore? Don’t Panic   What comes first? Not to […]

Categories: Car Financing

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You Can Extend a Car Loan, But Should You?

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Extending an auto loan isn’t something you should do lightly but it can be a viable way to make it more affordable or to help you when times are tough. Extending the loan isn’t your only option though. It may not be the best option either.   Most auto loans are for a set period […]

Categories: Car Financing

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Buying a Car When Retired: What You Need to Know

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A common desire among the many retirees we encounter while working here is to hit the road and travel across Canada. It's a big country, and most of us only get to see a small portion of it while we're working. Which raises the question of whether purchasing a car after retiring differs significantly from […]

Categories: Car Buying

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Financing a Car Loan With a New Job

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Celebrating a new job? Want to reward yourself with a new car? Need to drive to your new place of work instead of getting the bus like you used to? We can help!   Did you know you can get a car loan with as little as 24 hours in your new job? You can! […]

Categories: Car Financing

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Read This Before Buying a Car With Cash in Canada

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Even though buying a car with cash provides benefits, it might not be the best option for your situation. Auto loans can occasionally be useful, while being more expensive overall.   Another question that we are unable to adequately answer because it greatly depends on your specific situation. Instead, we'll provide you some guidance on […]

Categories: Uncategorised, Car Buying

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