Autorama Car Financing Info Centre
At Autorama, we make car financing easy for everyone, even if you have bad credit, no credit, or are new to Canada. With our simple 3-step process—apply, get approved, and pick your vehicle. We help you get behind the wheel fast. We work with top banks and private lenders to offer low rates and flexible terms, and we’re here to support students, newcomers, and anyone rebuilding their credit. With over 250 vehicles to choose from, our goal is to help you drive away in a car you love while improving your financial future.
Popular Finance Tips
How to Finance a Car Without a Job
When you are unemployed it can be a little more challenging to get the financing, you need. If you are wondering, how can I finance a car with no job, we are here to help.
How to Finance a Car Through Your Business
There are a few things to consider when looking to finance a vehicle for your business. In this post, we outline what you should know about financing a used car for your business and what other options you might wish to look into.
How Do I Finance a Car from a Private Seller?
Though buying and selling privately can offer a financial benefit, it can be more challenging to navigate the car buying process for a private sale and also comes with some risks.
What You Should Know When Considering Refinancing
If you are looking into refinancing, you might wonder, can you transfer a car loan to another bank? The answer to this question is yes. However, there are some things you’ll want to know before making a switch.
Selling a Car with a Loan: What You Need to Know
Though it may seem a bit confusing, selling a car that you still owe money on is a straightforward process. However, selling a car with a loan privately, rather than through a used car dealership, can be a bit tricky to navigate.
Is it Possible to Lease a Used Car?
Are you looking to drive a car you love while still being able to afford the payments? If so, you’ve likely considered leasing a vehicle as an option. Leasing is attractive to many drivers as it offers a relatively hands-off experience with affordable monthly payments.
How to Calculate Car Loan Interest
Looking to understand the total cost of financing? Learning how to calculate car loan interest is simple.
What Should a Used Vehicle Interest Rate Be?
You shouldn’t expect to see a 0% financing rate when purchasing a new car. But what should used vehicle interest rates be and how can you know you have found the best possible rate available for you?
Common Car Loan Situations
Car Loan & Finance Frequently Asked Questions
Is credit score the only factor a lendor will look at in order to lend you money?
It is an important factor but not the only one. They also look at your income, job, assets and costs.
How long the negative information stay on my credit report?
The negative information can be kept on your credit report for 6-7 years. The length of time may vary based on the province or Category.
What is the best way to build your credit history?
One of the best way to build a credit history is to apply for a credit card or finance a car and make the payments on time.
Can checking my credit report to approve my car loan application affect my score?
Checking your credit report in order to approve you for a car loan does not affect your credit score and is considered a “Soft hit”.
How can having an auto loan affect my credit score?
It is always better to have a mix of credit products such as line of credit, credit card, auto loan, mortgage and other loans but you need to ensure you can afford to pay back what you borrow.