Does Getting Rejected For a Car Loan Affect Credit Score?

Canadians seeking a new car often rely on financing through a car loan. But what happens if your application gets rejected? Will it negatively impact your credit score, hindering future loan opportunities? The answer is both reassuring and slightly nuanced. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted & no down payments […]

Car loans can be a significant monthly payment. Being in a position to settle a loan early could mean you have more cash to spare each month and one less debt to worry about. Should you always pay off a car loan early? Actually no, as much depends on your situation.   You would think […]

They may call it simple car loan interest but it can be anything but.   Compared to how complicated other financial products are, car loans may be simple but they can still provide quite the challenge to fully understand!   That’s why we tasked our auto loans team to explain how car loan interest works […]

Purchasing a new or used car in Canada is an exciting venture that involves careful consideration and a step-by-step process.   Whether you're a first-time car buyer or someone looking to upgrade your current vehicle, understanding the car buying process in Canada can help ensure a smooth and successful experience.   In this article, we'll […]

Can you get an auto loan for a truck? Can you use a standard car loan for a semi or flatbed? Today is another question asked of our auto loans team by a customer.   While we don’t hear this one very often, it was intriguing enough to make a blog post out of it. […]

Can I get a car loan for an upgrade? This is another of those questions we get to hear a lot at Car Nation Canada. We think it’s about time we answered.   You can get a car loan if you want to buy a better or newer car.   The rules for this type […]

Being a cosigner on a car loan is your opportunity to do some good and help someone out. Unfortunately, not all the facts are always made available to the cosigner, leaving them exposed in ways they didn’t realize.   We want you to fully understand what you’re getting into so we asked our auto loan […]

In today's fast-paced world, having a reliable mode of transportation is essential for running a successful business.   Whether you're a seasoned entrepreneur or just starting out, having the right wheels can make all the difference.   However, purchasing a vehicle outright may not always be feasible, which is where business car loans come into […]

Given the amount of money involved in the average new car purchase, it’s no wonder many people try to lower their car loan by as much as possible. A key way to do that is by putting down a large down payment.   But is there a magic number? Is there such a thing as […]

You can access car loans with any kind of credit score in Canada.   What will vary will be the interest rates and any fees or guarantees that may be levied on that loan.   But what's a good credit score for a car loan? This article will answer that very question. Let's get started! […]