Many things should be understood about applying for a bad credit auto loan, especially if you’ve had a regular car loan in the past and don’t understand the special finance process. (more…)
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Archive for July, 2010
Applying For A Bad Credit Auto Loan
Thursday, July 15th, 2010In House Financing vs Bad Credit Car Loans
Monday, July 12th, 2010There are a number of advantages to getting an in-house car loan from a local car lot. With this type of loan, you get financing directly from the dealer and there is no credit check. Although these Canadian dealers have helped many people finance a car, it may not be the best choice for a bad credit car loan in Canada.
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Getting a Bad Credit Car Loan in Canada
Saturday, July 10th, 2010I just moved to Toronto from Vancouver. Right before my move, my lease was up on my Honda Civic. I loved that car, but was ready to get something new. My brother-in-law worked at a dealership near my old home, so my last car purchase was very easy. I wasn’t prepared for the difficulty I was going to experience in Toronto. (more…)
Low Rate Auto Loans
Thursday, July 8th, 2010As a consumer, you are bombarded daily with advertisements on television, radio, the Internet and in newspapers for low rate auto loans. These auto loans fall into 2 categories: standard auto loans and bad credit auto loans. (more…)
Car Financing with Bad Credit
Tuesday, July 6th, 2010Buying a car with bad credit, no money down and low interest involves getting a credit check on your personal history. You’ll have to explain any negativity on your report which helps the special finance department make a decision as to whether to finance you or if you are just too high of a risk. (more…)
Auto credit and your budget.
Monday, July 5th, 2010It’s very easy to establish a monthly budget. Simply total up all of your fixed monthly expenses (bills that must be paid each month) then subtract that total from your net income. You will also need to include your extra monthly expenses such as any other credit cards or department store credit accounts, you’ll also have to include food, clothing, gas, etc. Once you get a total of all of your necessary monthly expenses you can get an accurate figure of what kind of auto loan you can afford.
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Buying a New Car with Bad Credit
Saturday, July 3rd, 2010I don’t know about you, but I get so excited when it is time to purchase or lease a new car. The best part of the whole process is searching online and picking the vehicles you are interested in the most.
I started this process recently. I got really excited to buy a new car and I thought I had found the vehicle that was perfect for me. In the past, I would choose a car and then shop around at different dealerships to see where I could get the best deal. I thought shopping around was my least favourite part of the process. I was wrong! (more…)
Canadian Vehicle Financing Do it Yourself
Friday, July 2nd, 2010Most Canadian banks, credit unions and even car dealerships offer vehicle financing. What interest rates they offer is another story. There can be drastic difference in the variance between each financing institution. The lowest rates are usually offered to consumers with a high beacon score, however, if your beacon score is somewhat lower you are not automatically ineligible for vehicle financing in Canada.
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