Should I Finance my New Car Through the Dealer? Jul 29th

There are more credit card options in Canada than you can shake a stick at! Stay on top of the best rates and plans right here.
Latest News
 card points

Limited Time Offer: Increased value in American Express Use Points for Purchases (1,000 points = up to $20!) + MORE Apr 21st

On April 17 American Express Canada started new promotions for redeeming Membership Rewards points on non-travel purchases. In light of the current global situation with COVID-19 American Express wanted to continue to provide value to their cardmembers and with virtually no one redeeming or being ab.... More »

B.C. telescope finds 25 repeating cosmic radio signals - Coast Reporter + MORE Apr 27th

B.C. telescope finds 25 repeating cosmic radio signals  Coast ReporterAstronomers double the number of repeating cosmic probes  Phys.orgAre aliens trying to contact us? Astronomers detect 25 radio bursts  Daily MailAstronomers discover record haul of 25 new repeating 'f.... More »
 amex

Top 5 Cash Back Credit Card Sign Up offers for July - These cards provide the best value out of their welcome bonuses + MORE Jul 6th

 Here are Rewards Canada's Top 5 Cash Back Credit Card Sign Up offers for the month of July 2021. This is not a 'best' credit card list like our Top Cash Back Credit Card rankings but instead a look at cards that have very good acquisition (welcome/sign up) offers. As always when choosing a .... More »
 air miles

45,000 point offer on the Scotia Gold American Express ending early, Oman Air will join the oneworld Alliance & Novotel Hotels celebrates the LIGHTYEAR Movie Jun 20th

Here's your Rewards Canada Daily update! Your near daily dose of loyalty program, credit card and travel news, bonuses, deals and more. We have been advised that the current welcome bonus offer on the Scotiabank Gold American Express card will now end on June 29 instead of July 4. The offer provi.... More »

RWRDS Daily Update – September 12, 2023 + MORE Sep 12th

The Ultimate Travel Credit Card Portfolio for those just starting with points & miles and Rogers Mastercard will only require one Rogers Service to earn 2% cash back. Check out today's points & miles updates here: The post RWRDS Daily Update – September 12, 2023 appeared first on Rewards.... More »
Should I Finance my New Car Through the Dealer?
When you’re in the market for a new car, you might not have cash to pay upfront. If you’re like most Canadians, you accept financing from the dealership. But is this the best option? As it turns out, a bank or online loan provider might give you better rates — saving you money down the road.
Canadian Preference for Dealer Financing
Global News reported in May that two-thirds of Canadians applied for financing at the dealership when they bought a new or used car. That’s a high number, especially when you also consider 70 percent of car buyers only look at options from one lender before agreeing to a loan.
Why are so many willing to get financing from the dealership? Promotions and discounts — like those “zero percent” rates one so often hears about. But those good deals often come with a catch. Zero percent interest might only be available to those with excellent credit. Sometimes, the financing comes with a condition that you pay off the car with one lump sum payment after a certain period of time…

Continue Reading On ratesupermarket.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!