Your Guide to Securing an Auto Loan With Ease

Securing any type of loan is not easy, and securing an auto loan is no different. The process for securing the funds you need to purchase a vehicle can be time consuming, convoluted and downright frustrating. However, if you keep in mind the following advice before shopping for car loans, you can make the car buying process much less of a hassle.

Know Your Credit

A higher credit score means better interest rates, so if you have a good score don’t be afraid to brag about it. If the lender thinks that you’re unware of just how good your credit score is, they may try to undermine you by offering just average rates. Don’t let this happen, and make it clear from the get-go that you expect prime rates for a prime score.

If your credit score is not so great, don’t worry—you’ll still be able to get an auto loan. However, you may have to pay higher interest rates, so just take your time shopping around for the lowest rates your credit will buy you.

Set a Budget

Just because you have a great credit score does not mean that you should shop outside of your means. The dealership will probably try to convince you to take out more than you can afford because your credit can support it, but don’t do this. To set a realistic budget, add up all of your monthly expenses, including how much you plan to save each month, your yearly tax obligation and any other annual fees you have (property taxes, health club, etc.). Subtract the total from your annual salary and that is how much you can afford for a vehicle.

Show Up With a Down Payment

An ample down payment is the best way to reduce the amount you need to borrow and therefore, to make you more a more desirable borrower in lenders’ eyes. The less risk you pose the better, and a nice down payment is a sure sign of a safe debtor.

Car loans aren’t impossible to come by—just difficult. If you want to eliminate the hassle of car shopping, try the tips above.

Questions and Answers for our Guests regarding COVID-19

Hours of operation due to Covid-19

Sales Services Parts
Monday- Friday 9:00 am – 6:00 pm Monday – Friday 8:00 am – 5:00 pm Monday – Friday 8:00 am – 5:00 pm
Saturday Closed Saturday 10:00 am – 2:00 pm Saturday 10:00 am – 2:00 pm
Sunday Closed Sunday Closed Sunday Closed

Showroom is open

Service is open

Test drives are available

As the Government of New Brunswick and the Public Health Agency of Canada states, physical distancing, effective handwashing and avoiding the touching of one’s face are key preventive measures to contracting COVID-19. As you re-enter the our workplace, these measures are critical.

✅ We have installed physical barriers.
✅ We have adopted rigorous cleaning procedures.
✅ Evaluated the workplace for shared objects and common areas.
✅ Increased the frequency of cleaning of touched surfaces/ objects.
✅ Provided necessary personal protective equipment (PPE) and training on the proper use and maintenance of the equipment.
✅ Ensured all employees are fully aware of the preventive measures, and there are clear

guidelines and instructions as well as enforcement of the measures.
As the world emerges from the current pandemic, we have made some fundamental shifts.

We are confident that you will adapt and respond to the challenges, but it will require thoughtfulness and planning.

We all will need to change our fundamental behaviours of how our new process gets done, how we keep our facilities clean and how we interact with co-workers and customers.

As we all move into this new normal, we must continue to strive for injury-free and disease-free workplaces.

We are here for you. Right now, our focus is to protect the health and safety of our people and you – our valued customers.

We know this situation will continue to evolve and we will do our very best to update you as things change. There is no doubt, we are in uncharted territory, but we will make it through this together.