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Can you get an auto loan for a truck?

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Can you get an auto loan for a truck?

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Can you get an auto loan for a truck? Can you use a standard car loan for a semi or flatbed? Today is another question asked of our auto loans team by a customer. While we don’t hear this one very often, it was intriguing enough to make a blog post out of it. The […]

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Start 2021 as you mean to go on by rebuilding your credit part 1

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If like most of us, you’re glad to see the end of 2020 and are looking forward to a happier, healthier new year, you might want to include your financial health in that. If there was ever a time to rebuild and renew, it’s the new year. So let us all start on a positive […]

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What to do if your car loan application is rejected?

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If you need a car but your car loan application has been rejected, what are your options? What can you do if you need a car to get to work but cannot afford one? This is a situation many find themselves in and is something we can definitely help with. First thing, don’t panic. Just […]

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Your next car could be electric with a car loan

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Now Ontario no longer has the electric car rebate, there is less incentive than before to buy a new EV. If you have your heart set on going electric, you can still go green by covering the rebate with a car loan. It isn’t the same as a rebate, we know that. But if you […]

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Can you extend a car loan?

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If times are tight and you’re having trouble managing all your payments, you’re not alone. You’re also likely not out of options. Car loans can make up a significant portion of our outgoings so it’s an area of personal finance we should address if possible. With that in mind, is it possible to extend a […]

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Are longer term auto loans a good idea?

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We are seeing more queries than ever for longer term auto loans. Loan terms of 72 or 84 months are becoming increasingly popular. But are longer term auto loans a good idea? As cars get more expensive and we accrue more monthly outgoings, we are increasingly looking to reduce our monthly payments wherever possible. One […]

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My car loan application was rejected, what now?

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The title says it all really. This is a situation we see often when buyers apply for loans on the internet without proper preparation. It’s a tough situation to find yourself in but it isn’t irreversible. So what can you do if your car loan application is rejected? Car loan rejection reasons Most lenders will […]

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What is cash-out car loan refinancing and is it a good idea?

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Regular readers of this blog will know that I like to take customer questions and address them to a wider audience here. This week is no different but includes a question I haven’t heard before. Namely, what is cash-out car loan refinancing and is it a good idea? As the name suggests, this is loan […]

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Pros and cons of an 84 month car loan

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Apparently, 84 month or 7 year auto loans are becoming increasingly popular with the buying public. That seems a very long time to service a car loan and while there are some benefits, such a long term may not work for everyone. As with any financial decision, getting a car loan deserves careful thought and […]

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