Many Canadians, and you may be one, prefer buying a used car rather than a new car. Financing is probably the top reason for buying a used car. Bad credit can stop you from getting the same deal as someone with great credit. However, you can get a bad credit used car loan.
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Archive for the ‘Car Loans’ Category
Bad Credit Used Car Loans
Friday, August 20th, 2010Used Auto Loans
Wednesday, August 18th, 2010You’ve probably heard this many times, but the first step you should take before getting a used auto loan is to check your Beacon score. The reasoning for following this particular procedure is the fact that your credit report contains everything a lender sees when they’re making a decision regarding your auto loan application. If there are any mistakes that might result in a lower credit score, you’ll want to correct them before applying for a used auto loan, since it usually takes at least 30 days for any correction to appear.
Helping Mom Get an Auto Loan
Saturday, August 7th, 2010Can you remember the last time your parents asked you for help? We grow up our whole lives depending on our parents to help us with all of our problems. Once we are old enough to help them, the situation rarely presents itself. I finally had the chance to help my Mom a few weeks ago when she had mentioned to me that she was having trouble finding a dealership to finance her for a vehicle. (more…)
No Credit Car Loans for Canadians
Monday, July 26th, 2010There are many Canadian car dealers that will sell you a car if you have no credit history. But in case you were wondering, there is a downside to the kind of arrangement that is usually called No Credit Car Loans.
Is it time for a new, used car?
Monday, July 19th, 2010Are you ready to purchase a car? Is the thought of purchasing a new or used car giving you a rush of adrenaline? The big question is what do you really know about the used car buying process in Canada.
In 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…)
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…)
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…)
