blog:Car Loan Archives | Northway Ford Lincoln
First Time Car Buyers Guide To Finding The Perfect Vehicle

Are you ready to take the plunge into car ownership, but feeling a bit overwhelmed by the process? As a first-time car buyer in Canada, there's a lot to consider when making this significant investment. While various options are available, this article aims to guide you through the essentials of purchasing your first car from […]
What's The Best Car Loan Length? All Your Questions Answered

Today weāre tackling one of the most common questions we come across. What's the best length for a car loan? Itās a tough question to answer specifically as everyoneās situation is different, but we can offer some guidance. Our auto loans team explains the pros and cons of longer auto loans and what you […]
Lease or Finance a Car: Which Option Makes More Sense?

When the time comes to acquire a new vehicle, Canadians are often faced with the decision of whether to lease or finance. Both options have their merits, but choosing the right one depends on various factors unique to your situation. This article will guide you through the key considerations to help you make an […]
How To Make Extra Money With Your Car: 5 Possible Options

Our cars are a significant expense and can take up a large part of our monthly income. If youāre looking for a little extra, isnāt it right to make money using your car to help pay it off? We think so! Thatās why we asked our auto loans team to list a few actionable […]
Getting a Car Loan With a New Job: 8 Tips You Need To Know

Have you ever wondered about the feasibility of obtaining a car loan with a new job? It's a situation many Canadians find themselves in ā the need for a reliable vehicle coupled with the excitement of a new job opportunity. But can you secure a car loan under such circumstances? The answer might surprise […]
Why Do Cars Depreciate? 5 Must-Know Factors About Value

"Why do cars depreciate?" is a common question for new car hunters. If youāre planning to buy a new car, before you apply for an auto loan, you need to know how much your car is worth. Alternatively, if you buy a new car using an auto loan, you need to know how long youāll […]
500 Credit Score Car Loans: You Can Still Get Approved

Are you ready to hit the road with your dream car but worried about your less-than-ideal credit score? A credit score of 500 might seem like an obstacle when it comes to securing a car loan but don't despair just yet. While traditional lending options might not be the best fit, there are […]
5 Possible Reasons Your Car Loan Was Denied & What to Do Next

Nobody likes rejection but itās part of life. You can either let it break you or come back stronger. If youāre erring towards the latter, we can help. We asked our Mount Hope auto loans team for the 5 most common reasons for car loan rejection and what to do about it. This is what […]
Car Loans For Young Drivers: Can You Still Get Approved?

Have you just got your driverās licence? Want to get out on the road and explore the countryside? Donāt have the cash to buy your own car right away so your looking to finance a car loan as a young driver? Youāre not alone. Thousands of young people qualify to drive but donāt have the […]
Defaulting On a Car Loan: Understanding The Consequences

If youāre struggling to make auto loan payments, the key is to take action now and not when you have missed a payment. Itās a tough situation to be in but not terminal and there are plenty of ways to salvage the situation. We asked our auto loans team to outline exactly what you […]