Car loan blog Canada.

There’s no denying that wanting something and being able to pay for it often comes down to affordability.  Along with basic needs are things that we want and desire. More often than not, the only thing separating the two is the ability to afford them.  Credit used to be something people took for granted; if [...]

As anyone applying for credit knows, your credit history can be a positive that helps secure a loan, or a negative that prevents you from getting one. For many people, loans are the only available option for making purchases that require a large sum of money, such as a home loan, car loan or small business [...]

In 2008, over 13% of North American consumers who intended to buy new cars actually bought used cars, up from 8% just over five years ago. George Iny, president of the Automobile Protection Association, says that car buyers “are now looking at used lease returns, which drives up used car prices.”  Yet, despite higher used [...]

The executive director of CarHelpCanada.com and host of CP24’s Auto Shop, Mohamed Bouchama, says that “Used car prices are starting to go up.” New cars are not selling well and, as a result, new car dealers are bidding up the prices at used car auctions to fill their lots. According to Bouchama, “Prices are $1,000 [...]

Everybody likes a bargain; it’s human nature to feel good about getting a deal on something.  The bigger the purchase, the better it feels.  For a long time, buying a used car had a certain stigma about it, one that made used car buyers extremely wary of being taken advantage of; who hasn’t heard the [...]

Many people looking to finance a large purchase such a an automobile often run into difficulties when it comes to lending institutions and their credit rating; in other words, they are refused. This is generally the result of a bad credit rating, something most people have only a basic idea about and the mystery of [...]

For most fiscally responsible people, owing money for any reason is rarely considered a good thing, and this is especially true in an economic downturn: during such times,  people tend to put off major purchases. This is partly due to the fear and uncertainty driven by economic hardships, and partly the reality of people simply [...]

After nearly a year of what has been labeled the worst economic crisis since the Great Depression, the global recession is finally showing signs of not just leveling off, but actually making a healthy recovery. Canada has been among the few industrialized nations to have come through this dismal economic period relatively unscathed, with the [...]

Cars have one of the highest depreciation values of any product: from the moment a car is driven off the lot, it’s automatically worth less than what you paid for it.  By the fifth year it’s already lost up to 65% of its initial value, a sobering figure that would shock most used car sellers. [...]

Car loans in Canada fall under two main categories: 1) Buyback loans  and   2) Bad credit car loans Buyback loans are both car loans and leasing options.   The consumer can usually borrow up to the full value of the vehicle, with the repayment based on what is most affordable, allowing you to pay what you can.  Common [...]