Shawn Ryder

JANUARY 22, 2025

When considering purchasing a used car in Ontario, Canada, one major financial aspect to be aware of is the Annual Percentage Rate (APR) you might encounter when financing your purchase. In Canada, lenders are legally required to disclose the APR, allowing consumers to better compare financing options from various providers.

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Automotive Mastermind

NOVEMBER 18, 2022

One of the biggest keys to success for dealers in the automotive industry is to consistently keep up with their buyers’ preferences. Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4%

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Shawn Ryder

JANUARY 18, 2025

When it comes to purchasing a vehicle, many potential buyers consider financing options. The key components of an auto loan include the principal amount (the price of the vehicle), the interest rate, and the term of the loan (length of time to repay). Understanding the APR can help consumers determine the true cost of a loan over time.

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Automotive Mastermind

JANUARY 12, 2023

“Looking back at a tumultuous year for auto demand, the December sales result reflects apparent steadiness in the market,” said Chris Hopson, principal analyst at S&P Global Mobility. The SAAR reading would be the lowest for a month since May 2022, bringing the full year’s U.S. sales volumes are expected to reach 14.8

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