A fact of car ownership that’s hard to get away from is depreciation. You can expect that most brand new vehicles will depreciate by more than 20% in the first year alone. 8 Tips To Minimize Car Depreciation If you can’t wrap your head around giving up that much value, you aren’t alone. Like most […]
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One of the perks of buying a brand new vehicle is that there’s no history that may catch you by surprise later. But for many Canadians, the purchase of a brand new car simply isn’t in the cards. Fortunately, the used car market has become a go-to for savvy shoppers who want to drive something comfortable,
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Buying a secondhand car instead of a new car is a popular option that makes more sense today than it ever did. When you consider all of the advantages of buying a used car, you can shop confidently knowing that that there’s an extremely robust market in Canada with plenty of reliable options and great savings
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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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