22 things Canadians should check before financing a big purchase
A manageable payment can make an expensive purchase feel surprisingly ordinary. The real commitment, however, sits behind the payment: the price being financed, the interest rate, the term, the fees, the collateral, and the household income available when something unexpected happens. A contract that works on signing day can become uncomfortable after a job change, repair bill, or rate increase. These 22 checks help Canadians look beyond the sales pitch and examine the full borrowing decision. They apply to vehicles, renovations, appliances, furniture, recreational equipment, and other large purchases commonly financed through banks, credit unions, dealerships, retailers, or finance companies. The goal is not to avoid credit altogether, but to make sure the purchase, financing structure, and exit options remain sensible long after the excitement wears off.
2026-08-17T16:15:38Z