Extended Warranty For Used Cars: What Does It Cover? Sep 6, 2023. By CanadaDrives When buying a brand new car, buyers enjoy the peace of mind that comes with the manufacturer’s warranty because it can help the owner save money on the costs of potential repairs down the road. But if you’re buying a […]
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How to Get the Best Car Deals on Black Friday & Cyber Monday Nov 10, 2023. By CanadaDrives The day after American Thanksgiving is one of the busiest retail shopping days of the year in Canada. It’s the unofficial kickoff to the holiday season when shoppers come looking for the best deals. Car dealerships
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Not all debt is created equal on a credit report. Lenders consider credit rating, payment history, amounts owed, length of credit history, new credit and the types of credit in use before approving an applicant for financing. Effectively managing these 5 factors and understanding how they can impact your credit score will increase your
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A credit utilization ratio, also known as a credit utilization rate or simply utilization rate, is a critical factor in determining your credit score. It measures the amount of credit you are currently using compared to the total amount of credit available to you. To calculate your credit utilization ratio, divide your outstanding credit
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9 Undeniable Advantages of Buying a Used Car Sep 7, 2023 By CanadaDrives Some people crave that new car smell. And while there are certainly some perks to buying a brand new car, there are lots of benefits to buying a used vehicle and most people seem to agree. On average, three out of four
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Is there such a thing as a great deal when it comes to buying a used rental car? Most car buyers know the benefits of buying a used car including reduced depreciation. However, one option that often flies under the radar is purchasing a used rental vehicle. The general sentiment around rental cars is that they experience heavier
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How To Negotiate With A Car Dealer Oct 12, 2023 By CanadaDrives In Canada, negotiation is a common part of the car-buying process. If you do it right, you’ll often find there’s a little wiggle room on the sticker price, even if it’s just a couple hundred dollars. If you’re about to
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Deciding between an auto loan and a personal loan will depend on several factors. If you’re planning on buying a new vehicle, you might be considering taking out a loan for financial help. Auto loans and personal loans are the two most popular financing options for Canadians who are interested in buying a new
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Both subprime and prime are forms of lending that refer to an individual’s financial situation and each come with a set of arrangements that lenders will determine once your overall credit report is analyzed. When you’re in the market for a new vehicle, multiple factors will impact the rates you’ll be approved for. Credit
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If you’re looking to snag a great deal on a new or new-to-you car, there are a few dates you should mark in your calendar. And once you know the best times to visit a dealership, you can be confident about securing the best price on a car you love. There are ideal times
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