blog:Car Financing Archives | Car Nation Canada
Car Loans With 600 Credit Score in Canada: Get Approved

Do you have concerns about obtaining a car loan with a 600 credit score? Although securing financing with this credit score range can present challenges, it's not an insurmountable hurdle. In this article, we will delve into the intricacies of acquiring car loans with a 600 credit score and strategies to enhance your chances […]
Car Loan With a New Job in Canada: Get Easy Approval Today

Starting a new job is exciting. Maybe you’re earning more money, moved to a better location, or finally working in a field you love. But what if your new job means you also need a new car—right away? The big question is: Can you get a car loan with a new job in Canada? […]
What's a Car Loan Settlement Figure & How is it Calculated?

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 […]
Paying Off a Car Loan Early in Canada: Good Idea Or Not?

Car loans can be a significant monthly payment. Being in a position to settle a loan early could mean you have more cash to spare each month and one less debt to worry about. Should you always pay off a car loan early? Actually no, as much depends on your situation. You would think […]
I Can't Afford Car Payments, What Are My Options in Canada?

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? Most Importantly, Don't Panic What comes first? Not […]
Car Depreciation in Canada: Everything You Need to Know

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% […]
Can You Extend Your Car Loan Term in Canada? Pros & Cons

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 […]