blog:auto loan Archives | Car Nation Canada
Are longer term auto loans a good idea?
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 […]
My car loan application was rejected, what now?
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 […]
What is cash-out car loan refinancing and is it a good idea?
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 […]
Pros and cons of an 84 month car loan
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 […]