How does car financing work?
With the average new car in Canada costing upwards of $31,000, it’s no wonder seven out of ten new cars and trucks are financed. Vehicle financing is a major factor in purchasing a car, so it deserves a serious amount of consideration.
What is car financing?
Car financing allows you to purchase a car and pay it off in manageable instalments. Financing can be organized between either a bank of your choice and the dealership where you purchase your car, or from a car-financing specialist such as Auto Loan Solutions. There are a few crucial questions to ask yourself when considering who you want to finance your car. What can you afford? How long is the lease? What is the interest rate? How much will you really be paying?READ MORE