blog:financing Archives | Car Nation Canada
The 30% Negative Equity Epidemic: How to Trade In a Car With Negative Equity in Ontario Without Wrecking Your Budget
Owe more than your commuter is worth? Learn how to trade in a car with negative equity in Ontario, calculate the real equity gap, compare replacement options, and avoid turning yesterday’s car loan into tomorrow’s budget problem. If your daily drive takes you along the QEW or Highway 403 between Burlington, Hamilton, Oakville or Mississauga, […]
Co-signing an Auto Loan in Ontario: Why It Can Stall Your Next Mortgage Approval
Co-signing an auto loan in Ontario can affect your mortgage borrowing power because the vehicle payment becomes part of your debt obligations—even when someone else drives the car and makes the payments. Co-signing a car loan for a son, daughter, spouse, sibling or other family member can feel like a simple favour. You may think […]
Dealership Financing vs. Bank Auto Loan: Why Your Bank May Say No When a Dealer Finds Options
Dealership Financing vs. Bank Auto Loan: Why Your Bank May Say No When a Dealer Finds Options A bank-branch decline does not necessarily mean you cannot finance a vehicle. Dealership finance desks can work with multiple automotive lenders and loan programs, potentially creating more ways to structure an application around your credit, budget and vehicle […]