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.
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.
Our Debt Management Solutions
Why Harris & Partners
Our Licensed Insolvency Trustees provide a customized service that could remove up to 80% of your debt and stress, so you can breathe easier.
Our multilingual team provides support in many languages, from Farsi and Portuguese to Italian and Tamil, leaving out complicated jargon, so you understand everything, every step of the way.
Want to speak to someone in person? Our team is on hand to help at a Harris & Partners office near you.