There’s something about seeing those 0% financing offers in car commercials and internet ads that makes you think “free money!” Doesn’t 0% financing essentially mean you not only get a loan, but you don’t have to pay interest on that loan? Technically yes, but like most too-good-to-be-true deals in life, it’s not that simple. […]
0% Financing Car Deals in Canada: Fact or Fiction? Read More »
When you’re thinking about buying a car and looking for the best financing deal available, you might come across this intriguing combination of words: “zero down car loans.” But are zero down car loans legit? And is this type of finance a wise choice for everybody? Do you need a down payment for a car?
How to Get Approved for a Zero Down Payment Car Loan Read More »
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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Financing a car after going through bankruptcy doesn’t have to be stressful, especially when there are companies out there that can help you. It’s a common misconception that filing for bankruptcy means you are financially ruined and won’t be able to rebuild your credit or obtain a car loan in the foreseeable future. This
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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,
How to Get a Free VIN Check & CARFAX Vehicle History Report Read More »
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
Are Certified Pre-Owned (CPO) Cars Better than Regular Used Cars? Read More »
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
Extended Warranty For Used Cars: What Does It Cover? Read More »
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
5 Factors that Impact Your Credit Score in Canada Read More »
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
What Is a Credit Utilization Ratio and Why Does It Matter? Read More »
