Can I Have a Mortgage & Car Loan At The Same Time In Canada?

One of our other auto loans teams fielded this question from a customer the other day. It was one of those questions interesting enough to write a blog post about. The question was ‘I have 4 years left on a car loan, so can I still qualify for a mortgage while paying a car loan?’ […]

Have you ever found yourself wondering when it's the right time to bid farewell to your faithful four-wheeled companion? A car, much like any other possession, has a finite lifespan.   Understanding when to replace a car is a crucial decision that requires careful consideration. In this guide tailored for Canadians, we will explore key […]

Auto loan down payments are an important element of borrowing and something we suggest every borrower use. You can get an auto loan with no money down but it isn’t something we recommend. With that in mind, how much money is an ideal down payment amount?   We asked our auto loan team to outline […]

Have you ever wondered if taking out a car loan can actually boost your credit score? It's a question many Canadians grapple with as they navigate the complex world of credit.   In this article, we will delve into the intricacies of car loans and how they contribute to building, or possibly damaging, your credit. […]

Have you ever wondered about the most efficient way to part ways with your old vehicle? If you're a Canadian looking to sell your car hassle-free, selling it to a dealership might be the answer you're seeking.   In this detailed guide, we'll explore the process of selling your car to a dealership, highlighting the […]

Have you ever found yourself wondering how to trade in a car that isn't paid off? The process might seem daunting, but fear not! In this guide, we'll walk you through the essential steps to smoothly trade in a car that still carries a balance.   Understanding the Situation So, you've got a car, but […]

Have you been asked to co-sign a car loan? Wondering whether it’s a good idea or not? Trying to figure out whether to help out a friend or family member with a car loan? You’re not alone. This is a situation plenty of people find themselves in.   We aren’t going to make your decision […]

Have you ever wondered what makes the cost of owning a car more than just the sticker price? Beyond the shiny exterior and impressive features, there's a financial aspect that often remains hidden in plain sight. That's where APR for cars comes into play, a crucial factor that can significantly impact your overall expenditure. In […]

Have you ever dreamt of cruising down the scenic routes of Canada in your dream car? The key to turning that dream into reality often lies in securing a car loan.   In this guide, we will delve into the essential steps you need to take to ensure a smooth journey toward getting approved for […]

Being a first time car buyer in Ontario is typically when you hit driving age or if you’re new to Canada. In either situation, your main challenge is going to be raising money to afford the car. With a minimal credit history, you may find it difficult to find an auto loan. Get Pre-Approved in […]