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

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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 […]

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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 […]

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Financing a Car Loan With 600 Credit Score

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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 […]

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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! […]

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Should You Pay Off a Car Loan Early in Ontario? It Depends.

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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 […]

Categories: Car News, Car Financing

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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 […]

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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 […]

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