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Canadian Automotive Finance Blog

blog:Car Financing Archives | Page 2 of 2 | Car Nation Canada

I Can't Afford Car Payments, What Are My Options in Canada?

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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? Most Importantly, Don't Panic What comes first? Not […]

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Car Depreciation in Canada: Everything You Need to Know

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Buying a car is one of the biggest purchases most people make. But the moment you drive it off the lot, something important happens—its value starts to drop. That’s the effect of car depreciation, and in Ontario, it's something every vehicle owner should understand.     What Is Car Depreciation?   Car depreciation is the […]

Categories: Car Financing

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Can You Extend Your Car Loan Term in Canada? Pros & Cons

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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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