blog:Car Loan Archives | Northway Ford Lincoln
Low Interest Car Loans in Ontario: How to Land a Great Deal
Buying a car is a significant investment, and one of the most important decisions you'll make is how to finance it. In Ontario, there are a variety of options for car loans, but finding a low interest car is essential to getting the best deal possible. Here are some tips on how to find […]
Can You Extend a Car Loan in Canada? Your Questions Answered
Car loans are typically a fixed amount with a fixed repayment for a fixed period of time. You can change that if you need to though. One option is to extend the car loan. It isnāt always the best option or the most efficient but can be done if you need to. If […]
How to Save for a Down Payment on a Car in Ontario With Ease
Down payments arenāt mandatory for buying a car but they do help a great deal. We recommend anyone applying for an auto loan put down at least 10-20% of the value as a down payment. But how do you save for a down payment on a car in Ontario? We asked our auto loans team […]
How to Get a Car Loan as an Independant Contractor in Canada
You cannot beat being your own boss. If you can manage the extra responsibility and are a self-starter, being self-employed is an amazing way to earn a living. There are complications though when it comes to auto loans as a contract worker. especially when it comes to accessing credit in Guelph. Even though contracting […]
Should you Buy an EV or Hybrid in Canada? Guide to Decide
If you are on the fence about whether you should buy an EV or hybrid vehicle you are in the right spot. Our auto loans team is going to give you the information you need to make a truly informed buying decision. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & […]
$0 Down Car Financing in Ontario: Everything You Need to Know
Canadians that want to buy a car but lack the cash on hand for a down payment may qualify for $0 down car financing. Having a down payment helps demonstrate you are serious about buying a car but carmakers understand that most prospective buyers do not have the cash available. Our auto loans team […]
Whatās an Upside Down Car Loan & How Do You Get Out of It?
Nobody likes going upside down on a loan. Itās an uncomfortable feeling and even if you have no intention of selling your car in the near future, itās not a position anyone wants to be in. So what can you do about it? Get Pre-Approved in 2 Minutes or Less. All credit scores accepted […]
Should I Buy a New Car in Canada? Pros & Cons (2024)
If you're in the market for your next/first vehicle, you might be asking yourself "should I buy a new car?" as opposed to a less expensive used option. As they are a significant investment that can involve up to 96 months of auto loan payments, we want you to make the right decision! Let's […]
Negative Equity on Car Loans: Everything You Need to Know
What is negative equity? Is it the same as being upside down? How does it impact auto loans and can you avoid it? These are all questions fielded by our auto loan team this year alone so we thought the subject would make an excellent blog post. Negative equity is most often used with […]
Car Loan After a Consumer Proposal: Get Qualifed For Financing
Securing auto financing after a consumer proposal can be a challenging. Usually because of the bruise it can leave on your credit score. However, it's still possible, and with careful planning and informed decision-making, not only will you be able to finance a vehicle, you'll be able to finance one that meets your wants and […]