Bad Credit Car Loans – Step by Step

Coming into the car dealership with damaged credit doesn’t have to be scary. Don’t be embarrassed if you’ve had credit problems in the past. We’ll work with you to find bad credit car loans that can get you in a vehicle quickly. If you research ahead of time, you’ll feel confident about the process, every step of the way. Once you’ve decided that you’re ready to start shopping for a vehicle, be sure to check your credit score, consider a co-signer and learn about loan terms.

Check Your Credit

Before you go to the dealership, take some time to understand your credit report. In Canada, there are two companies that provide credit information, TransUnion Canada and Equifax Canada. You have a right to request a free report by mail from each organization. Your credit can be rated based on the following information: amount of account history, payment history, amount of debt and recent credit inquiries. Be sure to carefully look through all the information and identify any mistakes that may be lowering your score even more. If you have the right credit information, applying for bad credit car loans doesn’t have to be confusing.

Consider a Co-signer

One way to help strengthen your loan application may be to team up with a co-signer who can apply with you on the loan. If you go this route, you should be very selective about the person who you choose to co-sign. Your co-signer should have a strong credit history, so that your application can be stronger. Make sure this person is someone you trust because they may be notified if you fail to make payments.

Pay Attention to the Loan Terms

Those who are seeking bad credit car loans should also learn about the types of loans available and pay close attention to the terms of any financing offered. Focus on the total amount that you might pay instead of the monthly payment.

Now that you know some helpful tips for getting started with a loan, come by today to start your application and get one step closer into the right vehicle for you.

4 Smart Reasons for Buying a Used Car

Your old car broke down after many, many years of use, and now you’re in the market for a new to you vehicle. While you have plenty of options out there in terms of vehicles, there are a few smart reasons why you should look into used cars for your next purchase.

1 Value

The used cars you find will already have been through one or more owner, and they will still be in good enough condition to have another owner. You can’t beat value like that, especially if you plan on selling your used car in the future and going with a different model.

2 Price

The best things about used cars is their price. If you don’t have a ton of money to spend or you are simply looking for a way to keep your expenses low, used is the way to go. However, as with any purchase, make sure that you save up for a solid down payment before you head into our dealership looking for financing.

3 Dependability

You want a car you can rely on day in and day out. In this sense, used cars are beneficial because they have already proven their dependability over the years. Plus, we inspect all of our used cars before they’re put out there to make sure they’re ready for sale.

4 Safety

Not only do you want your car to be dependable, but you also want it to be safe when you drive it. If you find a used car on our lot, you can rest easy knowing that it is still safe to drive.

When it comes to buying used cars, make sure that you set a budget for yourself and stick with it when you come in to take a look at our selection. This way, you drive away with a car that’s safe and dependable for a price you feel comfortable with.

Getting a Good Car Loan With Bad Credit

Cars are essential in today’s fast-paced world, but if your credit is poor, it can be difficult to secure solid car loans. With a little knowledge and creativity, however, you can find a loan that best fits your needs and budget.

Talk to the Dealer

We work with a variety of lenders and there is usually at least one who is willing to work with those who have subpar credit. Keep in mind that the interest rates tend to be higher, but there are ways to make this more bearable, such as getting a loan with a shorter term or putting more money down on the vehicle.

Get a Cosigner

If you know someone with good credit who is willing to cosign for you, this can help to get you a better loan. We can help you to determine how much of a savings you can expect when the cosigner’s credit is taken into consideration.

Consider a Slightly Older Vehicle

If you are on a budget, you can explore our inventory of used vehicles. With lower prices, it is easier to finance and get monthly payments that match your budget.

Save for a Larger Down Payment

A larger down payment works as a show of good faith for those working in our finance department. If you are looking for a used vehicle, work toward saving up 40 to 50 percent of the total cost as your down payment. For example, if you are looking to purchase a $10,000 vehicle, try to save a down payment of at least $4,000. This shows the us that you are serious and it reduces our overall risk should we extend you a loan.

Use this information to find car loans that will work for you so that you can secure your next vehicle. You should also make sure that you know your credit score before starting the process so that you know exactly where you stand.

Get Car loans For Your Budget

Budgets seem to be on everyone’s mind lately and when you are looking for a new or used car you may be worried about budget/car loans and how it will fit in with your current financial plan. Almost anywhere you go you can find offers of car loans and financing options that are geared toward getting you into a used car, regardless of how your credit stands. This can be a great option for those who are looking for a car to get them to work and a loan to help their credit rating. There are a few things that you should think about before settling on a car and a financing option such as type of car, financing rates, and how this will impact your budget.

Budget/car loans can vary widely between different companies and between different loans offered by the same company. One of the biggest factors seems to be the type of car you are looking for. For instance, if you are looking for a cheap car that will get you from point A to point B with little fuss and few bells and whistles, then you can usually find a pretty good financing option with low monthly payments; however, if you are looking for a top-of-the-line car to impress your friends and neighbors, then your payments and interest rate will probably be a little higher.

When you are looking at different budget/car loans rates you will want to take into account the fact that there are a lot of different companies which will offer financing. These companies include dealers, banking institutions, and even third-party financing companies. If you have the time and ability to shop around a little, then you should be able to find the best terms for your purchase and for your budget.

Financing will impact your budget, there is really no getting around that, but if you do your homework and get the best car and loan for your needs, then you can keep that impact to a minimum. Many people have a hard time finding financing for their cars because of past credit problems and many time if you can take care of all or most of those issues before looking for financing then you can get a better deal and have less of a negative impact on your budget.

Where To Find Bad Credit Car Loans

There are several places where you can get a car loan, regardless of your credit, and some will be better than others. For instance, if you come down to the dealership and sit down with one of our finance specialists, then you can get the loan and the car that you want at the same time. Two things you want to look for in a lender is the loan availability and their reputation.

Loan Availability

Not every dealership, or other lender, can offer you a car loan if you have no or bad credit. This is why it is a good idea to check out our requirements and loan offerings before you start shopping for a vehicle. This can help keep you from finding the right car or truck for your needs and then not being able to purchase it. It can also help keep you from unfavorable terms because we can sit down with you and determine which available loan is the best for your needs.

Lender Reputation

The reputation of your lender can be important because it reflects the terms you are likely to get. When you get a loan from us, it is a good idea to ask any questions that you may have about the loan to ensure that you understand what is required of you, and of us, in the contract. This can help you get a better bang for your buck.

Finding bad credit car loans can be easier than you might think. We can help you find the car that you want for the financing options which will work the best for your needs. To find the best loans, please fill out our secure online credit application or to come to the best dealership and talk to one of our finance specialists.

These talented people can help you find the right options for your financial situation and help get you into a new car at the same time.

Why Car Loans Are a Better Choice Than a Lease

The car-buying process can be a challenging one. Not only do you need to pick out something that will suit your needs, but you also must find a dealership with the right selection and with good customer service. Once you’ve accomplished these thing, then it’s time to decide whether to lease or finance your new car. Financing offers many benefits that you won’t get with a lease.

Sell When You Want

Have you ever purchase something you thought would be great, but it turned out you didn’t care much for it? If you grow to dislike like your car, if you have a loan, you can look to sell it to someone else. However, with a lease, you must keep the car until the lease is up. Car loans offer this flexibility and freedom.

Rack up the Kilometres

While some people own multiple cars and can keep their mileage down on individual vehicles, if you only have one car, it’s likely that you’ll use it for all of your needs and put a lot of mileage on it. If you’re in this boat, a lease isn’t your best choice. When you lease, your dealer will put a cap on the total number of kilometres you can drive per month or year. On the other hand, financing a new car allows you to drive all you want without penalty.

Modify Your Vehicle

When you buy something, it’s nice to make it look and feel like you and to give your unique personality. You can do this with car loans because you’re free to make any changes or additions to the car you see fit. Whether you want to add custom wheels or add a lift, you’re fee to do so. You can’t do anything to your leased vehicle.

If you’re having trouble deciding whether to finance or lease, consider these pros to getting a loan. Get one today, and you’ll get the car you want.

Finding the Best Pre-Owned Vehicle

Next to your house, your car is probably one of the most substantial investments you will ever make in your life. It’s important while car shopping that you explore all of your options and choose the absolute best vehicle that meets your needs without draining your budget in the process. Here are a couple of things to keep in mind as you shop.

With the cost of gasoline continuing to increase, you may wish to explore a more fuel-efficient model of car for your next vehicle. The cost of gasoline can make a substantial difference in the overall affordability of your car, especially if you have a longer commute or have other duties and activities that keep you driving around a lot in your free time. Some individuals can save hundreds of dollars each month by trading in their older, gas-guzzling SUVs and trucks and switching to a hybrid, compact car, or model designed for enhanced fuel efficiency. If you are tired of constantly stopping at the gas station and watching the numbers on the pump creep up and up as you refuel, it may be time to make the switch to a more economical used car.

Speaking of used cars, it is no secret that pre-owned cars are a great value—the consumer demand for affordable cars is partially why the pre-owned vehicle market is as robust as it is today. It’s critical when selecting a car that you choose one that fits well within your monthly budget. You also need to take other vehicle costs into consideration, including insurance, gas, tune-ups, and maintenance.

If you do a substantial amount of driving every month, you’ll need to keep a particular eye on maintenance due dates to ensure you keep your ride driving perfectly season after season. It can be easy to fall behind on routine maintenance like oil changes without adhering to a schedule or paying close attention to the odometer every month, so it behooves you to create a way of reminding yourself when maintenance is due.

Why Buying a Used Car from a Dealer is Safer

Traditionally, visiting a dealer to buy used cars is not a popular method of shopping for automobiles among the majority of individuals. While an assortment of excuses exists for this avoidance, the fact remains that shopping at a dealer for your used car is almost always the most secure method of making this type of transaction. We work hard to meet not only your standards, but also the legal standards set forth which govern the price and quality you’ll find in the wide selection of autos we offer on our lot.

More Legal Protection

Because our industry is held to certain standards regarding the quality of the cars we’re able to sell at our dealership and the prices associated with them, you can always rest assured that you’ll not only always receive a proper price for your purchase, but that you’ll never receive a lemon in return for your hard-earned cash. Our cars are thoroughly inspected and repaired as needed before we present them for sale so you can feel confident in your purchase.

Warranties and Payment Options

Another way we make the buying experience safer for you is ensuring that you can afford the car you select during the process. We are able to offer the majority of customers payment plans that work with their budget to get them the car they select at the right price. Furthermore, most cars are typically covered under warrantee so you can rest assured that you won’t be experiencing expensive repairs in the near future.

Our dealership focuses on making the shopping experience comfortable and safe for our customers while getting you the perfect used car for all of your transportation needs. Speaking to a representative can help you uncover your options when it comes to financing and assess your need to find the ideal ride that’ll serve you for years to come.

Key Steps to Take When Purchasing a Used Car to Make Sure You Are Comfortable

If you are on the hunt for quality used cars in your area, there are some key steps to take to be sure the entire process goes well. We recommend taking these steps to ensure you get exactly what you want and spend the amount you want to in the end. The most important thing is guaranteeing the vehicle you buy is top quality. We want to make sure that happens for you, so here are the steps to remember in the process.

Consider All of the Details When It Comes to Finances

Our concern is not how much you spend, but that you spend a comfortable amount and receive the quality you deserve. This is why we recommend you figuring out your detailed budget beforehand. Calculate in everything, including the total payment of the car and any insurance that you need. Also, be sure to not make a car payment that is over 20 percent of your take-home income. This way, you will find yourself in a safe and secure ride and not in a financial hole.

Have an Inspection Done on the Car on Your Own

While all of our vehicles are thoroughly inspected and are in top condition for you before you even check them out, we recommend you taking it for an inspection on your own with someone you have history with and trust. Our goal is for you to feel like you can one hundred percent trust our vehicles and us. This is why you should take it to a mechanic you know and confirm the positive inspection results we will give you.

We are set on offering you used cars that are of the best quality around. All of our cars have been tested, driven, checked, inspected and have come out with clean results. We want you to be happy with your buy, so we recommend you take the steps above until you feel confident with the car you are considering.

Knowing What You’re Getting In a Used Car

You may not enjoy going car shopping and for good reason. The sales people may make you uncomfortable by trying to persuade you to buy a car that you may or may not actually want. Sometimes it is difficult to withstand their pressure and you may walk away feeling as though your voice wasn’t heard or you didn’t get a good deal. This can cause you to avoid going to the car dealerships because you don’t want to encounter these high pressure sales tactics. But have you ever thought why you should buy used cars from the dealer?

There are various reasons why you should buy from a dealership. The dealership will give the vehicles an inspection that the average owner cannot provide. The cars that come to the dealership are usually bought or used to trade with so are of value and not junked cars. When you make a purchase from an individual owner, you don’t have any way to guarantee that it is in good working condition unless you have it inspected by a third party company. This will cost you extra money but at a dealership this inspection is already done before it is put on the lot.

One of the greatest reasons why you should buy used cars from the dealer is that a dealer will have a variety of cars for you to try at one time. You may have your mind set on a certain car and model. You have driven it and can afford the year and model you prefer but did you ever think another type of car or even a new model would drive better and be in your price range?

It can be a difficult decision to choose a used car for your primary vehicle. You want one that is affordable yet stylish. If you are asking yourself why you should buy used cars from the dealer, you should visit a reputable dealer like us to get some great options and pricing.