{"id":1054376,"date":"2025-03-17T13:57:56","date_gmt":"2025-03-17T17:57:56","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=1054376"},"modified":"2025-04-16T23:33:43","modified_gmt":"2025-04-17T03:33:43","slug":"car-loan-ratings-methodology","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/car-loans\/car-loan-ratings-methodology","title":{"rendered":"Car loan ratings methodology"},"content":{"rendered":"

Finder’s car loan experts assess auto loans across six key categories to help you objectively evaluate a car loan’s overall features and suitability for your unique needs.<\/p>

The six categories we measure are:<\/p>

  1. Primary loan features (rates, loan terms and amounts)<\/li>
  2. Ease of process<\/li>
  3. Availability in Canada<\/li>
  4. Eligibility requirements<\/li>
  5. Customer service<\/li>
  6. Brand presence<\/li><\/ol>

    Data collection<\/h3>

    We collect data manually through online research and from providers directly.<\/p>

    Category weightings<\/h3>

    We weigh each metric based on factors we believe are most important to customers looking for a good car loan. Car loans earn a score in each category and then an overall score based on the weightings detailed on this page.<\/p>

    1. Primary loan features (rates, loan terms and amounts): 30%<\/li>
    2. Ease of process: 20%<\/li>
    3. Availability in Canada: 15%<\/li>
    4. Eligibility requirements: 15%<\/li>
    5. Customer service: 10%<\/li>
    6. Brand presence: 10%<\/li><\/ol>

      Scoring and rating<\/h3>

      Wondering how we work out Finder Score? We look at six car loans and we compare them against each other to get our simple score out of 10. Metrics like interest rates, loan amounts and loan terms are weighted and added to come up with individual Finder Scores.<\/p>

      Car loans are evaluated on the six key categories outlined on this page. These categories are broken down into 23 different data points.<\/p>

      • 9+ Excellent<\/b> – The cr\u00e8me de la cr\u00e8me of car loans. These products offer the best mix of car loan features across the six categories.<\/li>
      • 7+ Great<\/b> – The mix of features across categories is great but not optimal.<\/li>
      • 5+ Satisfactory<\/b> – Typically average in the features department.<\/li>
      • Less than 5 \u2013 Basic<\/b> – The least competitive in terms of features.<\/li><\/ul>

        Data points<\/h3>

        Data points are weighed differently, depending on their importance. Examples of data points we look at when comparing car loans include the following:<\/p>

        • Interest rates<\/li>
        • Loan amounts<\/li>
        • Loan terms<\/li>
        • Provinces served<\/li>
        • Minimum incomes<\/li><\/ul>

          No single car loan will be the best choice for everyone, so thoroughly compare your options before picking an auto loan.<\/p>","protected":false},"excerpt":{"rendered":"

          Find out how we rate car loans in our methodology.<\/p>\n","protected":false},"author":1000,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":"","apple_news_is_paid":"","apple_news_is_preview":"","apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[5831],"tags":[],"asset_tag":[],"class_list":["post-1054376","post","type-post","status-publish","format-standard","hentry","category-car-loans"],"apple_news_notices":[],"yoast_head":"\nHow 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