blog:Car Loan Archives | Northway Ford Lincoln
Can You Buy a Car With a Credit Card?
‘Can you buy a car with a credit card?’ This was a question our car loan team faced this week. It isn’t one we hear often but seemed interesting enough to make a blog post about it. So can you? Yes, you can buy a car with a credit card if the dealership […]
The Best Canadian Province to Buy a Car In
If you are wondering what is the best province in Canada to buy a car, we are here to help. Before we head down the rabbit hole and try to identify the best province, we should take a little time and look at how car loans work. Click Here to Get Pre-Approved Today! What Goes […]
What is a Guarantor Car Loan & Is It a Good Idea?
Guarantor car loans, or cosigner loans, can help if you are rebuilding credit or don’t have quite enough income to qualify for the car loan on your own. They are useful in accessing standard car finance without any extra complications. We asked our auto loans team to explain guarantor car loans, what they are, […]
The biggest mistakes you can make when financing a new car
There are some common mistakes you should avoid when trying to finance the purchase of a new car. Whether buying a conventional gas-powered or EV, these suggestions will help you get the best value for your hard-earned dollar. Online loans are not a good idea Something we should address immediately is how the loans you […]
Is now a good time to refinance a car loan?
The average Canadian car loan will set you back roughly $500 per month, these numbers were available before the pandemic, so it would be fair to presume that this number is now closer to $600 per month. Interest rates are starting to track higher and will continue to do so for quite some time to […]
Where auto loan interest rates are tracking in Canada
Whether you are buying a new or used car in Canada, you need to pay attention to what is happening in the broader economy. Interest rates are skyrocketing to combat inflation, but it will lead to a moderate/severe recession in the next couple of years. To get the best possible terms on a car loan […]
2023 Ford F-Series Super Duty unveiled
The 2023 Ford F-Series Super Duty has been unveiled and reveals a truck and looks and feels just like the old one, but with plenty that’s new. In a market segment sensitive to change, that’s a bold move. Even if it doesn’t give us much to drool over, we at least know the Super Duty […]
What you need to know about selling your used car in Canada
If you need to sell your used car, you are in the right spot. There is a massive amount of misinformation being spread online about used car prices and the best way to go about selling these vehicles. Stick with us until the end of this conversation, and you will be able to get the […]
Most common reasons why your car loan application was declined
If you recently applied for a car loan and it was declined, you are not alone. Car loan providers in Canada and throughout North America have started to tighten up their loan underwriting process. This means that borrowers who would have been approved for a new car loan in the past are now being declined. […]
Why now is a great time to buy a Ford in Canada
Canadians who are in the market for a new vehicle should consider getting a Ford. While Ford is synonymous with vehicles, you’re probably not aware of the latest technology Ford has developed to make its vehicles drive further while still remaining green. While it may sound like an impossible dream, the engineers at Ford have […]