Car Finance and Auto Loan News and Blogs
Getting a Car Loan with Bad Credit and No Cosigner in Canada 13 February 2024

The chances of getting a car loan with bad credit and no cosigner are slim but possible. Bad credit limits your ability to effectively find a car. Without a cosigner, it seems even more challenging and hard to secure a loan with the desired interest rate and payment terms.

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Average Monthly Car Payment in Canada: What Affects Them? 30 January 2024

When purchasing a car in Canada, there are several things you should keep in mind such as understanding the average monthly car payment in Canada which can help you in planning your budget effectively. To provide you invaluable insights, JourneyApproved made an in-depth analysis of the current trends and statistics in Canada. Factors Affecting Monthly […]

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How to Pay Off Auto Loan Faster? 22 December 2023

Simplifying rides with pay off auto loan faster options can be the right move for many people who don’t have extra money to purchase a car on their own. Even if you qualify for a car loan in Canada with the best rates possible, knowing how to pay car loan faster could help you to save money.

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What Are Car Loan Interest Rates in Canada? 6 December 2023

A car loan is one of the easier loans to be obtained as there is an asset attached to it. It is a secured loan; therefore, getting approved for a car loan with favorable interest rates is possible as long as you know its eligibility requirements and also do thorough research.

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How Does Inflation Affect the Auto Finance Rate in Canada? 1 December 2023

Inflation rate is the rate at which the general level of prices for goods and services is increasing, and the purchasing power is subsequently falling. The purpose of central banks is to avoid deflation and keep the economy away from falling into crisis. Inflation has affected the car loan rates in Canada in many ways.

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What is the Average Car Loan Length in Canada? Find Your Answer 24 November 2023

The average car loan length can vary from 72 months or 6 years. It primarily varies from as short as 12 months to as long as 96 months. Many lenders offer car loan tenure in 12-month increments.

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