Do I Need a Down Payment?

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This is a question that hundreds of thousands of Canadians struggle with every year as they grapple with financing or leasing their next car, truck, or SUV. Thankfully, Used Cars Canada is here to help explain what a down payment… Read More

What are Prime and Subprime Lending?

Looking to take out a loan, but wondering what kind of loan you'll qualify for? The biggest factor is your credit rating, so if you're not sure what your rating is, be sure to check out our article on the subject. If you've heard the terms "prime" and "subprime" before in the context of finances, then you might be wondering what they mean. These terms reflect the nature (and overall quality) of a loan. When you sit down with a lender and they use this terminology, it somewhat describes the type of loan you're qualifying for. Read More

What is Auto Financing?

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If you choose to finance a vehicle, you’re essentially choosing to buy it by making regular payments toward the cost. Eventually, after several months or a couple of years, you’ll own the vehicle, fully! This gives you many… Read More

Financing vs. Leasing

You're in the market for a used vehicle and wondering which way to go—finance or lease?. Let's talk about it!. There are benefits to both, and we'll explain them so you can be prepared when you visit a Finance Expert in person. Read More