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Tag Archives: car finance

CAR NEWS: How big is the American car loan debt?

Car seller with couple outside car dealership

The United States of America remains one of the largest car markets in the world. With over 17.5 million new cars sold in 2016 (compared to 1.95 million in Canada in the same period), barely more than were delivered in 2015, you could possibly guess that the car debt is big. Oh, and then there are used vehicles sales. For ...

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2017 J.D. Power Canadian Auto Lenders Study Reveals BMW Financial Services as #1

JD Power Lending Study

From January through February 2017, approximately 3,750 finance provider evaluations took place across two segments from new-vehicle dealerships in Canada. The study has been designed to evaluate auto lenders in two categories. The first category being captive, where lender that is owned by a or is directly affiliated with a manufacturer. The second category is non-captive where an independent lending ...

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ADVICE: How to make sure our car doesn’t ruin our finances

The purchase of a vehicle is usually the second most important financial decision we have to make after our house. It is not uncommon, therefore, that the car becomes a source of significant debt in the household. In an ideal world, we would have no debt. That said, for many households, a car loan is required, and if we have ...

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