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Here are 3 common mistakes that people make when trying to obtain a car loan: 1.  Applying for an auto loan at several companies may seem wise but it’s important to deal with a company that is reputable and handles your credit application responsibly. A lot of places generate several unnecessary credit inquiries through themselves and their affiliates without regard for their clients’ already poor credit, and making it even worse. 2.  Some websites are simply designed

GAP Insurance is also known as Guaranteed Auto Protection (GAP) within the Canadian and U.S. car loans industry. GAP insurance covers the difference between the actual wholesale value of a vehicle and the balance still owed on the auto loan, which must be paid in full right away or rolled over into a new car loan.  Sometimes GAP insurance is a requirement for a car loan but that depends on the actual customer and the downpayment provided for

Getting a car loan from CA Lending® now would be the best and quickest way to drastically improve your overall credit score.  For example if you wait a year without obtaining any new lending products (eg. Auto loan, VISA, MasterCard, etc.) then lenders have nothing to rate you on except your most recent credit, which is a year old and poor.  Lenders are more interested in your borrowing and payment habits for the last 12 months

After getting approved for a car loan, a lot of people ask, “Is it better to buy a foreign car or domestic?  Our answer is always, “Whatever car makes you happy.” Although you can have any car you want, after getting approved for your auto loan, lenders do tend to provide more favourable car loan terms and interest rates to those individuals who choose a newer, domestic vehicle with with low kilometers and therefore still

Getting a car loan is the best possible way to get your credit back in good standing but it is definitely not the only way.  The following is a comprehensive guide to rebuild your credit in as little as 10 months. Step #1:  Get approved for an affordable auto loan at CA Lending® and make 20 bi-weekly payments towards your car loan. Step #2:  After 6 bi-weekly payments have been made, apply for a VISA® or