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Can You Defer a Car Payment in Canada? Yes, Here's How

blog:Car Payments Archives | Car Nation Canada

Can You Defer a Car Payment in Canada? Yes, Here's How

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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 Happens If You Miss a Car Payment & How to Prevent It

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Life can get hectic. Between rent, groceries, insurance, and everyday expenses, it’s not uncommon to fall behind on bills. But what happens when you miss a car payment in Ontario? The answer isn’t as simple as a late fee — the consequences can be serious, and understanding your options is essential to protecting your vehicle […]

Categories: Car Payments

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Fixed vs. Variable Interest Rate Car Loans: Which is Better?

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When financing a vehicle, one of the most important decisions you’ll face is choosing between fixed vs variable interest rate car loans. In Ontario, where the auto market is competitive and interest rates fluctuate with the economy, understanding this choice can impact how much you pay over time.   Whether you're buying your first car […]

Categories: Car Buying, Car Payments

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