Think you don’t have a good enough credit score for a car loan? You might be pleasantly surprised. Car dealerships aren’t shy about their desire to sell you a shiny new ride, even if your credit score is on the low side. You might end up with a higher interest rate on your car loan […]
What Credit Score Do You Need to Get a Car Loan? Read More »
In Canada, getting a car loan with bad credit and no cosigner is easier than it’s ever been. Monitoring your credit report and reviewing it for errors, offering some kind of down payment, or working with a specialized lender are just a few strategies to consider if you want to get approved as the sole
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If you’ve been denied for an auto loan, there are steps you can take to ensure you’ll be approved in the future: check your credit report, set a budget, shop for lenders, and keep your documents organized to show lenders that you’re a responsible borrower. Thousands of people apply for auto loans every day in
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HANDLING PEER PRESSURE FOR EXPERIENCED DRIVERS Posted on Sep 2, 2021. By VALLEY DRIVING SCHOOL Peer pressure is often talked about when we’re learning how to drive and even more so once we hit the road for the first time, but how often do we hear about it once we’ve become more experienced? While
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A lot of customers email us asking how to get approved for a car loan, what the minimum requirements are, and if it’s possible even with bad credit… Many car shoppers don’t want to apply for auto finance if they think they might get declined. Without the certainty of approval, they don’t want to
Minimum Requirements to Get a Car Loan (With Any Credit Score) Read More »
How to Refinance a Car Loan With Bad Credit By CanadaDrives Whether you want to lower your monthly payment or lower your interest rate, auto refinancing is a popular solution to explore. But is refinancing possible if you have bad credit? Read on to learn if refinancing is the right path to take in your
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If you have a credit report that is inactive, or no credit history at all, here are three things that will help you get approved for a loan. Without a credit history, it’s difficult to get credit. Lenders want to see that you’ve previously borrowed money and can pay it back on time. However, having
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If you need a new(er) car, you may be tempted by the promise of too-good-to-be-true offers from dealerships. We separate fact from fiction and guide you to find the offer that’s right for you. If you’re on the lookout for a car, you may be leaning towards one of the many auto loan special offers
4 Common Car Loan Promotion Myths Debunked Read More »
If it’s time for you to buy a car, then chances are it’s also time for you to secure your car loan too. If you’re like most Canadians, you’ll want access to financing that allows you to pay for your car over time, usually as a monthly or bi-weekly payment that stays the same over
Car Loans 101: How To Calculate Your Monthly Payment in Seconds Read More »
Did you know that a car loan can help you build credit? Making routine payments on time shows lenders that you’re trustworthy. Your payment history accounts for 35% of your overall credit score. Does a car loan build credit? If you can get approved, a car loan is an effective strategy for credit building. Especially if you have bad credit. Making
Does Financing a Car Build Credit? Read More »
