Alternative Car Finance Options
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Danger signs of car financing
There are a couple of red flags to be aware of when seeking car financing, particularly when you are having problems with debt or your credit rating is poor:
- If you have to go to secondary lenders to borrow money (e.g. not the big banks or the auto companies), you need to be aware of extra costs which could be from a high interest rate or financing charges. These may be excessive and will put you in a further financial hole.
- If you have to finance a vehicle for more than 5 years in order to buy it, you can’t afford it.
- It is generally a poor financial decision to trade in your old car for a new car when you still owe money on it. You only get your money’s worth on a car after it is paid in full.
Need help?
For debt help in Canada contact Harris & Partners Inc. We have offices across Canada. Click here to find an office closest to you.
Meet with an experienced Licensed Insolvency Trustee today for professional advice on how to deal with your debt and live stress-free. Contact us by phone at 1-800-268-8093.
Browse Debt Review Options in Canada
Why choose us for consumer proposals in Ontario?
Our Licensed Insolvency Trustees can provide a customised consumer proposal that could shrink your debt by up to 80%.
Our multilingual team offers debt support in Farsi, Portuguese, Italian, Tamil, and more, so you can feel comfortable every step of the way.
With offices in nine provinces, we offer in-person debt support across Canada—from Atlantic provinces to Ontario to British Columbia.
It's never too late to obtain debt help. Book your free consultation today
- Phone number
- 800-268-8093
- hello@harrispartners.ca