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Claiming Capital Cost Allowance on Your Car in Ontario

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Claiming Capital Cost Allowance on Your Car in Ontario

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If you're a Canadian business owner in Ontario who uses a car for work purposes, you might be interested in claiming Capital Cost Allowance (CCA) on your vehicle.   CCA is a tax deduction that allows you to recover the cost of your car over time. Here’s a straightforward guide to help you understand how […]

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How Do Dealerships Verify Income For Car Loan Approval

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If you’re buying a car and need financing, you might be wondering, “How do dealerships verify income?” It’s important to understand that while dealerships help you get a car loan, it’s actually the lenders who verify your income.   Let’s break down the process so you know what to expect.     Who Verifies Your […]

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Does Leasing a Car Have Any Affect On Your Credit Score?

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When it comes to leasing a car in Ontario, one question that might come to mind is, "Does leasing a car affect my credit score?" The answer is yes, leasing a car does affect your credit score.   This is because a car lease is like a loan, and your credit history plays a major […]

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Financing a Car Loan While You Have Unpaid Collections

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If you're living in Ontario and considering applying for a car loan but have unpaid collections on your credit report, you may wonder how this could affect your chances of approval.   While unpaid collections can create obstacles, it’s still possible to secure a car loan, especially if you work with a dealership that understands […]

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Getting You Car Back After Repossession in Ontario: 2024 Guide

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If your car has been repossessed, you may feel worried and unsure about what to do next. Repossession happens when you miss car payments, and the lender takes back the vehicle.   But don’t panic—there are ways to get your car back after repossession in Ontario. This article will help you understand the process and […]

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7 Essential Requirements For Car Loan Approval in Canada

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Picture this: the open road stretching out before you, the hum of the engine beneath you, and the freedom to explore new horizons. Owning a car can be a dream come true, but for many, this dream hinges on securing a car loan.   What are the key requirements that can help you turn this […]

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Conditional Approval on a Car Loan in Canada Explained

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Buying a car is a significant milestone for many Canadians. Whether it’s your first vehicle or an upgrade, navigating the financial aspect can be challenging. One common term you might encounter is a "conditional approval car loan."   This guide will help you understand what conditional approval car loans are and how they work, specifically […]

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What's the Best Way to Buy a Used Car in Canada?

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Buying a used car can be an exciting yet daunting experience. With so many options and considerations, it’s important to approach this process with a clear strategy. If you're in Canada and looking to buy a used car, one of the best ways to ensure a smooth and secure purchase is through a reputable dealership. […]

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Buying a Car for the First Time: All Your Questions Answered

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Buying a car for the first time is an exciting milestone, but it can also be overwhelming, especially if you're not sure where to start. This guide will help you navigate the process of buying a car from a dealership in Canada, making it as simple and stress-free as possible. Get Pre-Approved in 2 Minutes […]

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Bad Credit Car Loans in Canada: Everything You Need to Know

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If you have bad credit, you might think getting a car loan in Canada is impossible. However, that’s not the case. Many lenders specialize in bad credit car loans in Canada, and understanding how they work can help you get the car you need. Get Pre-Approved in 2 Minutes or Less. All credit scores accepted […]

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