blog:finance Archives | Car Nation Canada
APR, Annual Percentage Rate explained
When you’re considering a car loan, one of the main considerations you will have is how much interest you’ll pay. That interest is expressed as APR, Annual Percentage Rate. But what is exactly is it, how is it worked out and why does it vary so much? APR, interest rate, representative APR, whatever lenders call […]
Can students get a car loan?
One of the many questions we are asked here at Car Nation Canada is around the different professions or stages of life and whether they can access car loans or not. This week we are going to tackle one of the most common life stages, being a student. Can students get car loans? The answer […]
Is your credit impacted if you have to refinance a car loan?
As you can imagine, Car Nation Canada has been asked a lot of questions around car finance, loans, servicing loans and refinancing over the past few months. One of the more prevalent questions has to be, ‘Is your credit impacted if you have to refinance a car loan?’ Refinancing is a popular way to rebalance […]
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 […]
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 […]
Tips for getting a great student car loan
Being a student is your first real taste of independence and nothing else ever comes close. Having your own car adds to that feeling of independence but with so many more demands on your money, can you really afford one? You can if you budget carefully and get the right car loan. That’s what this […]
Can you trade in a car that has outstanding finance?
If you still have payments to make on your car, can you still trade it in for a new one? What are your options? How does it all work? You can trade in a car with outstanding finance but that finance will need to be settled. You can either pay it off with a single […]
Can you get a loan for a used car?
Car loans are a hot topic right now and with good reason. With the economy on the up, more people in employment than ever before and more lenders willing to lend, it’s a good time to be in the market for a car. If you’re after certified used rather than new, can you still get […]