What actually sets bad credit car loan interest rates
What actually sets bad credit car loan interest rates in Canada, how little a Bank of Canada move changes them, and the legal ceiling on any car loan.
How the car financing process works
What happens between the application and the phone call, including the parts of the industry nobody writes down.
Posts on the car financing process
Stopping halfway: what happens to an unfinished car loan application
A car loan application opens a file partway through the form, not at the end. What an unfinished one leaves behind, and how to have it removed.
Why one dealer, not thirty: how car loan applications are sold to dealers
How lead resale works in Canadian car loans, what it does to the applications sold through it, and why we send one file to one dealer instead.
Why a car loan application is declined, and what actually changes it
Why a car loan application is declined: the six causes it clusters into, the four fixable inside a month, and why the reason given is often not the reason.
Co-signers on a car loan in Canada: what one does, what one costs, and when you do not need one
A co-signer is not a character reference. What signing a car loan commits someone to in Canada, what it does to their credit, and when a file needs one.
Applying for a car loan online in Canada, or walking onto a lot
Applying for a car loan online in Canada versus starting at a dealership: what each route decides for you, and what you give up by applying online.
Reading is optional
The application is the part that has to happen either way. It goes to one dealer partner at a time, where a specialist reads the file — never a list.
Programs may vary by province. Approval is subject to lender review and application details.