Is Car Loan Interest Tax Deductible?

January 23rd, 2019 by
Businesswoman Doing Calculations

In short: it depends on the conditions under which you drive. If you use your vehicle for personal use only, it’s unlikely you’ll be able to deduct car loan interest. However, Canadian residents may qualify for tax deductions on their car loan interest if they use their car for business purposes or if they are…

Posted in Tips

Long Term Loans vs. Short Term Loans

January 18th, 2019 by
Small Business Loan Application

Owner of a small business in Sherwood Park? Or are you looking for a short-term solution to a funding shortage? Either way, taking out a loan is a great option. There are different kinds of loans, however, including long term and short term loans. Generally speaking, the differences between long term and short term loans slice…

Posted in Credit Information

Personal Loan vs. Line of Credit

December 20th, 2018 by
Loan Application with Pencil and Glasses

There are a handful of different ways to get the funds you need for your next new or used car purchase. Understanding the differences can help you make the best choice for your lifestyle, budget, and needs. At YEG Auto Credit in Edmonton, AB, we’re here to help you figure out whether a loan or line of…

Is GAP Insurance Worth It?

November 21st, 2018 by
Person using calculator and pencil

If you’re looking to buy a new vehicle around Fort McMurray, you’ll probably worry about paying extra for unnecessary services. However, GAP insurance coverage is an option you should consider. Learn more with the finance experts at YEG Auto Credit, a division of River City Hyundai. How the Car Loan Approval Process Works Contact Us   What is…

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What Does Repossession Mean?

October 25th, 2018 by
tow truck towing a damaged SUV

In simplest terms, if your new vehicle is repossessed, it means that the creditor has taken it back for non-payment. In Canada, Fort McMurray drivers won’t find much consistency in the laws regarding vehicle repossession. While one province may allow your vehicle to be repossessed and that’s the end of it, another province may allow the…

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What is an Unsecured Loan?

September 27th, 2018 by
Credit Score

What is an unsecured loan? Are auto loans secured or unsecured loans? Get the answers to your loan questions with YEG Auto Credit, serving drivers in the Edmonton, AB region. Contact Us Where Should I Get My Auto Loan? Unsecured Loans Unsecured loans, also called “signature loans,” are loans that are approved by a lender…

Posted in Tips

Can You Lease a Used Car?

September 20th, 2018 by
Couple Signing Car Contract and Receiving Keys

Can you lease a used car? You certainly can! Yes, you can find select used cars with lease contacts that offer more car for less money than you thought possible. Learn more at YEG Auto Credit. Contact Us Used Cars Priced Under 15k Leasing vs. Buying When it comes to acquiring a new ride, you…

Posted in Tips

How to Calculate Credit Card Interest

September 12th, 2018 by
Person entering credit card information into computer

Once you’ve learned how credit cards work and how to find your next credit card near Red Deer, it’s important to make sure you’re making a smart financial choice by learning how to calculate your credit card interest. Find out how credit card interest works from the experts at YEG Auto Credit. How Do Credit Cards Work? Contact…

Posted in Credit Information

Credit Utilization: What Does it Mean, and How Does it Affect My Credit Score?

August 17th, 2018 by
Credit report with score

Credit utilization is just a fancy way of saying the percentage of your credit line you have currently taken out. Find out how credit utilization works and how it impacts your credit score with help from the finance team at YEG Auto Credit. What is Credit? Have Any Credit Questions? What Does Credit Utilization Mean?…

Posted in Credit Information

How to Calculate Your Car Payment Online

August 7th, 2018 by
Paying Bill with Credit Card

Are you thinking about buying a new or used car near Lloydminster but living on a monthly budget? The team at YEG Auto Credit is here to help you out. As a division of River City Hyundai, we have the financial resources you need to make an informed decision about your investment. Find out how…

Posted in Tips
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13815 Manning Drive NW • Edmonton, AB T5Y 3B2

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YEG Auto Credit
YEG Auto Credit
13815 Manning Drive NW
Edmonton, AB, T5Y 3B2 Canada
YEG Auto Credit 53.5999596, -113.4168517.