blog:car loan Archives | Car Nation Canada
Everything you need to know about deferring a car loan payment
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, […]
Be selective when choosing your car loan
Be selective when choosing your car loan to avoid impacting your credit score. Choice is definitely not something you’re short of when shopping for a car loan or any form of finance. It is easy to get carried away and apply for every loan you can to see if you can yet a low rate. […]
Can you get a car loan to be an Uber driver?
There is no doubt that Uber is one of the few companies to ever live up to it’s ‘disruptive’ moniker. It has changed taxis and paid travel completely and shows no sign of letting up. Not only has it changed the way we travel, it has also opened up different opportunities to earn. Which begs […]
How long does it take to build a good credit history?
Now we no longer have to go cap in hand to our bank manager for a car loan, the credit score is everything. The idea of being controlled by an algorithm we have little control over may not sit well with everyone but if you know how they work, you have more power than you […]
Should you get a car loan from the dealership or from your bank?
Car loans are serious business. They are a long term commitment that will take a big chunk of your monthly outgoings for up to five years. Getting the right car loan for your needs is paramount. So which is best, getting a car loan from the dealership or from your bank? As a car dealership […]
Top tips for buying your first car
Whether you need a car loan or have the cash to hand, choosing your first car is as exciting as it is daunting. There’s a lot to learn, a lot to know and some preparation you need to undertake before you drive away happy. This post will share three useful tips for buying your very […]
Is there a ‘best’ time to trade in your old car?
A key component to lowering the car loan you may need for a new car is maximizing the amount you get for your old one. Aside from the usual advice of keeping up with maintenance, not customizing the car too much, not buying unusual colours and keeping the car in good condition, is there an […]
Five budgeting tips for car loan down payments
The new year is almost upon us, 2020 vehicle models are out in force and it’s the time of year where we begin looking forward in earnest and making plans for the months to come. Now is as good a time as any to begin budgeting for your next car. A larger down payment can […]
Why avoiding debt harms your credit score
Sound counter intuitive right? You would think someone who saves all their money, are sensible with outgoings, keep all loans paid in full, pay cash for as much as possible and pay their bills on time would have a fantastic credit score wouldn’t you? In fact, the opposite is true. If you avoid credit or […]
The benefits of paying off a car loan early
A car loan is a significant responsibility and a decent monthly outgoing. That’s even more true if you treated yourself to something special this time round. While car loans are generally for a fixed term, there is nothing stopping you paying it off early. In fact, there are some benefits to doing that. Aside from […]