blog:auto loan Archives | Car Nation Canada
Can you get an auto loan for a truck?
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 […]
Start 2021 as you mean to go on by rebuilding your credit part 1
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 […]
What to do if your car loan application is rejected?
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 […]
Your next car could be electric with a car loan
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 […]
Can you extend a car loan?
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 […]
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 […]