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Can I Buy a Car With No Credit History in Canada?

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Can I Buy a Car With No Credit History in Canada?

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Picture this: you've finally landed that dream job, and now you're ready to take the next step toward independence by purchasing your very own car. But there's a tiny roadblock: you have no credit score.   While it might seem like a daunting challenge, fear not! We're here to guide you through the process of […]

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The Harsh Truth About 0% Interest Car Financing in Canada

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More and more Canadians are interested in buying a car with a zero percent financing option, while zero percent is great, it isn't for everyone.   Our auto loans team is going to cover what you need to know about getting the best possible terms on a new car loan.   Your Credit Rating Could […]

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How to Get Your Car Back After Repossession in Canada

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Nobody wants to have to go through a repossession but it is something too many people have to experience. While it can be devastating at the time, it’s a temporary situation that you can recover from. You can even get your car back in most situations. Our car loan team outlines how to get your […]

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Car Loans While On Employment Insurance (EI) In Canada

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For many Canadians, owning a car is essential for daily commuting, running errands, and maintaining a sense of independence.   However, obtaining a car loan while on Employment Insurance (EI) can be challenging, as lenders often consider it a risk due to the temporary nature of the benefit.   Despite the limitations of traditional lending […]

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Can I Get a Car Loan With a New Job? Your Questions Answered

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If you're looking to buy a car, but have just started a new job, you may be wondering whether you can get a car loan. While it can be more challenging to obtain a car loan with a new job, it is still possible.   Here's what you need to know about getting a car […]

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Guaranteed Car Loans in Canada: Everything You Should Know

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You may have seen the term ‘Guaranteed Auto Loans’ around when looking for cars or at car finance. But what are they and how can someone guarantee you a loan without knowing your personal circumstances or even your credit score?   Unfortunately, there are no guarantees in finance. In most circumstances, the 'guarantee' is just […]

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Self Employed Car Loans in Canada: Everything You Need to Know

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Being self-employed comes with a lot of benefits such as being your boss and having a flexible schedule, but it also means that you may face some challenges when it comes to obtaining financing, including car loans.   However, being self-employed doesn’t necessarily mean that you can’t get a car loan. Here’s what you need […]

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Trading in a Car With Negative Equity: Everything to Know

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Trading in your old car is an excellent way of reducing the amount you’ll need to borrow for the new car. But what happens if you have negative equity on your existing car loan?   Negative equity is where your car is worth less than the car loan you used to buy it. This can […]

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Car Loans for Veterans in Canada: How to Get Approved

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Getting a car loan as a veteran unfortunately can be a challenge.   Even more so if you haven’t spent much time in civilian life before your service.   We at Northway Ford want to make this process much easier than it is, which is why we are discussing it today.   At the moment, […]

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Missed a Car Loan Payment in Canada? Here's What to Do Next

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Life throws curveballs, and sometimes you end up missing a car loan payment. Don't panic! Here's a guide to help you get back on track, minimize the damage, and avoid repossession.   The first thing you should do is not panic. You will need to move fast but there is absolutely no need for panic. […]

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