Electric vehicles (EVs) are becoming increasingly popular as more people seek to reduce their carbon footprint and save money on gas. However, some may be deterred by the perception that EVs are expensive.
Your car is likely one of the most valuable assets you own, and it's essential to take care of it properly to ensure it lasts for as long as possible. Not only will regular maintenance save you money on expensive repairs, but it will also keep you safe on the road. Here are some tips for taking better care of your car.
Car loans are a common way for people to finance their vehicle purchases. However, taking out a car loan can be a complicated process and there are many mistakes that people make when taking out a car loan.
While many salespeople are ethical, there are still some who will work tactics to get more money out of their sales. In this article, we’re going to go over 5 tactics that salespeople use that they don’t want you to know about.
Car rebates are a great way for consumers to save money on their new vehicle purchase. These discounts, also known as incentives, are often offered by manufacturers to entice buyers to choose their brand over the competition.
Cars aren’t cheap, so as a car owner, you want to do everything you can to protect it from damage. Canadian winters are especially damaging to vehicles so if you want to ensure you can maintain the value of your vehicle for as long as possible, you’re going to want to take a few protective measures.
Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly. Inflation can affect car loans in Canada in a few ways:
To make car loan payments more affordable, many consumers think about refinancing, which involves replacing their current loan with a new one. If your financial situation has changed since you took out your present loan or the market has improved, refinancing can result in lower monthly payments.
There are a ton of important decisions that need to be made before you commit to a car purchase. One of those decisions is whether you should buy/finance the car or lease the car. Leasing may have you making smaller monthly payments, but it may not be worth some of the other downsides of car leasing.
Selling a car online is now simpler and safer than ever. There are plenty of online dealerships that provide a reliable means of selling your car quickly. Before giving you a price quote, they will ask you to provide some basic details and images. The simplicity has a cost. You cannot usually negotiate. However, there are numerous websites where you can advertise your car for private sale.
So you just refinanced your car loan, maybe it was to get a lower interest rate and lower your overall costs or maybe it was just to make your monthly payment smaller. Once you’ve been approved for refinancing, there are some important steps you should take.
Rolling over your car loan means to your adding negative equity/or the remaining balance of an old car loan onto a new car loan. If you’re trading your vehicle into a dealership but still have an outstanding balance on it, dealers may offer to roll your previous balance onto your new loan.