Canadian Automotive Finance Blog

Navigating Negative Equity: Trading In When You Owe More Than Your Car Is Worth You check the value of your current vehicle and get some frustrating news. Your vehicle is worth approximately $18,000 CAD, but the payout on your auto loan is still $23,000 CAD. That leaves a $5,000 difference. That $5,000 is called negative […]

Financing Your First Car in Canada: A Guide for Newcomers Moving to Canada comes with a long list of firsts: your first Canadian bank account, your first job, your first home, and, for many newcomers, your first vehicle. If you are settling in Burlington, Hamilton, Oakville, Mississauga, Toronto, or elsewhere in the Greater Toronto and […]

Trading in a Broken Vehicle When You Still Owe Money Key Takeaways A damaged vehicle may still have trade value. Disclose its mechanical problems before requesting an appraisal. Negative equity is the difference between your loan payout and trade value when the payout is higher. A lender may allow that shortfall to be included in […]

EV Financing Options in Ontario for Burlington Drivers Compare EV loans, leasing, used EV financing, credit options and Canadian incentives to find a payment plan that fits your budget.   Your main EV financing options are a dealership-arranged loan, a bank or credit union loan, and a lease. Depending on your circumstances, you can also […]

Making the Right Call Between Fixed and Variable Auto Loans in Ontario The Dealership Insider | Car Nation Canada With the Bank of Canada holding its key interest rate at 2.25%, Ontario drivers have an important financing decision to make. Should you lock in a fixed-rate auto loan or explore a variable-rate option? Let's break […]

Getting Financing for an EV in Ontario: What Buyers Need to Know Thinking about making the switch to an electric vehicle? Before you picture yourself passing the gas station, there is another important question: how will the financing fit your budget? You can finance both new and used electric vehicles in Ontario. The process generally […]

The 12-Month Credit Rebound: How to Rebuild Credit Through Indirect Auto Loans in Ontario Can a car loan help rebuild your credit in just 12 months? Discover how dealership-arranged auto financing, consistent payments, and a smart refinancing strategy can help Ontario drivers work toward better credit and lower borrowing costs. A bad credit score today […]

Gas Prices Are Soaring! Explore New & Used Electric Vehicles and Hybrids at Car Nation Canada Looking for electric vehicles and hybrid cars for sale in Burlington, Ontario? Discover how switching to an EV, plug-in hybrid, or fuel-efficient vehicle could help you spend less at the pump. Explore our new and used inventory at Car […]

How to Find Out the History of a Vehicle Before Purchasing in Ontario Planning to buy a used vehicle? Learn how to check accident history, previous ownership, liens, kilometres, service records, and hidden problems before making your purchase in Ontario. Buying a used car, truck, SUV, or minivan can be a smart financial decision, especially […]

APR vs. Interest Rate: What Curbside Sellers Aren't Telling You The interest rate tells you what borrowing the money costs. The APR can reveal a broader picture of the financing cost. Ontario car buyers should understand both before signing anything. Buying a vehicle is already a numbers game. Vehicle price, trade value, down payment, monthly […]