Car Loans

• More Canadians struggling with car loans as debt load becomes ‘too much’

  In the Bank of Canada's Monetary Policy Report released Thursday, the bank said that delinquency rates for motor vehicle loans have surpassed pre-pandemic levels.

  Canada

  Oct 26, 2023
  
• Search data suggests Canadians turning to expensive car title loans amid recession

  Cash-strapped Canadians may be trying to borrow against their cars.

  Money

  Dec 11, 2020
  
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• Your car-loan payment may be way too high. Here’s what’s happening

  How negative equity on your car can trap you in a cycle of debt.

  Money

  Oct 26, 2019
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• FCAA warns consumers about the financial dangers of extended term loans

  Saskatchewan’s FCAA warn consumers who buy vehicles based on extended term loans are at a greater risk of being in a negative equity position.

  Consumer

  Dec 18, 2018
• 7 common mistakes that explain why you never have enough money

  People who are always broke show common patterns of behaviour, according to debt counsellors.

  Money

  Jan 27, 2018
• Negative equity is putting vehicle owners in risky position: FCAA

  Financial and Consumer Affairs Authority of Saskatchewan says a growing trend toward negative equity is putting consumers in a risky position.

  Consumer

  Aug 1, 2017
• Here’s what happens to your car loan if interest rates rise

  Watch for longer loan terms, not just higher monthly payments.

  Money

  Jul 11, 2017
• Considering a long-term car loan? Think twice, say experts

  Buying a new car often means borrowing money. But financial experts say Canadians are often spending more than they can afford through long-term loans.

  Consumer

  Mar 28, 2016
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• The biggest money mistakes Canadians make

  Small luxury purchases won't necessarily derail your long-term financial goals, but certain bigger mistakes could cripple someone for years to come.

  Consumer

  Nov 17, 2014
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• Banks making ‘riskier’ car loans to Canadian consumers: report

  Longer terms on car loans that keep monthly payments low but prolong a buyer's payment period are on the rise -- posing a growing risk to consumers.

  Canada

  Oct 23, 2014