Getting the Best Interest Rate on a Used Car

You’ve narrowed down your search for the perfect used car for your needs and budget and are ready to address your finance options. If you won’t be buying the car outright, you’ll need to finance it, which means paying interest. To avoid paying more than necessary for used cars, you’ll want to keep your interest rate as low as possible, which you can easily do with a few good tips.

Think About Financing Through the Dealer

While you might think financing your car through a dealer is automatically more expensive, the truth of the matter is that doing so could net you a pretty solid deal. This is because dealerships can offer incentives like zero-percent financing and other specialized low rates. Check to see what’s on the table before you think about financing elsewhere.

Consider a Certified Pre-Owned Car

It seems counterintuitive, but older cars usually come with higher interest rates when compared to newer models. Instead of thinking you’re better off with a new model, consider the fact that dealerships sometimes have zero-percent interest specials on their certified pre-owned cars. Be sure to ask about them as you’re walking up and down the aisles checking out cars.

Consider Your Term Length

If it’s at all possible, get a car loan with the shortest term length possible. The reason for this is that a shorter term length equals a shorter repayment length, which means a lower amount of interest paid over the life of your loan. Another great thing about getting a term length as short as possible is that you don’t have to worry as much about being upside down on your loan, which is what happens when you owe more on your car than it’s worth.

As you can see, there are several things you can do to keep the interest rate low on your used car. Be sure to put these tips to good use.

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.

Five Steps to Getting a Loan With Poor Credit

Reversing poor credit requires hard work, and that hard work is even more challenging when you don’t have a car. Fortunately, there are some steps you can take to get transportation to and from your job.

One: Have an Open Mind

With a poor credit history, you probably won’t be able to secure a traditional loan, but you may have more success with bad credit car loans. These typically have higher interest rates, so be prepared to pay a little more.

Two: Stay Away From Additional Credit

One of the most common mistakes people make when using credit to make a major purchase is to open up a new credit card or account. You may want to take a look at your credit history, checking for errors and correcting inconsistencies.

Three: Be Realistic Concerning What You Can Afford

There are two important parts to this. The first is your monthly payment. Consider your most difficult months and determine how much of a payment you’d be able to make at those times. Your car payment probably shouldn’t be much more than that. The second thing to consider is the overall cost of the vehicle. Consider how much you’ll have to pay as a down payment, how much maintenance the vehicle will require, and how much gas and insurance will cost.

Four: Try to Find a Co-Signer

If you have a friend or family member with good credit, you can improve your chances for getting a loan. The terms of that loan will also be easier to live with. That co-signer (or co-borrower for even more benefits) will give the lender assurance that the loan will be paid, even if you struggle to make payments.

Five: Don’t Settle

While being realistic about your options, you can still discuss better terms, such as the length of the loan, the interest rate, prepayment penalties, and annual percentage rate. Factors such as the prepayment penalty may be much easier to get rid of, whereas the interest rate may be harder to negotiate.

Poor credit will make obtaining a loan more difficult, but it shouldn’t prevent you from getting a car. Use these tips to improve your chances.

Why Car Loans are Great Car Financing Solutions

For many people, getting a car loan is a great way to finance the purchase of a new or used car. A car loan makes it possible for people to buy the right cars for their needs – right when they need them – by ensuring that customers have access to money that they can use to buy those cars. There are different types of car loans – and not everyone will qualify for the same car loan or financing programs. However, getting a car loan is often a very wise decision for car buyers.

Here are a few reasons why we like car loans so much:

Get a better car now

When customers are able to use a car loan to finance their cars, they are able to get a safe and reliable car now, without having to wait until they have saved enough money for such a car. Getting a car loan helps to ensure that customers have some flexibility in terms of what they are able to spend on their cars, which means that instead of getting a lower quality car now with cash, customers can get a higher quality car that they will commit to repaying over the period of the car loan. Many of our customers are amazed at the cars they are able to get with low monthly loan repayments.

Improve your credit score

Getting a car loan will also help to improve your credit score as long as you repay the loan on time and in full. By being able to get and repay a car loan, you will show to future lenders that you are financially responsible and committed to making wise financial decisions. Down the road, you will qualify for higher loan amounts and lower loan rates because of this commitment.

You can refinance

If you find that you must get a bad credit car loan, you can always refinance that car loan down the road as your credit improves. Refinancing can help you to lower your monthly loan repayments and may help you to save a significant amount of money over the long-term period of the loan.

Contact us for more information about car loans or to find out what kind of loan options you may qualify for. We are always happy to help our customers get the best loan arrangements for their needs with each and every loan we deliver.

The Best Vehicles for Families

If you have a family, this is something that you want to remember when you are looking at used cars. There are certain features that will be beneficial for families. You can let your salesperson know that you are shopping for a family vehicle from the beginning so that you can better narrow down your choices.

Four Doors

While a family can use a two-door vehicle, four doors are so much more convenient. This is especially true if you have small children. It is much easier to place a carseat and strap children in when you have a vehicle with four doors. Kids can also enter and exit easier and without having to climb over the front seats of the vehicle.

Extended Safety Features

Features like a backup camera or lane change sensors can help to keep you safe and on the road. This is especially important for families because you want to ensure that your children are as safe as possible. You can also look at features like a child seat anchor and adjustable seatbelts to ensure a proper fit for passengers of all sizes.

Adjustable Seats

If multiple people will be driving the vehicle, you want to ensure that all drivers can operate the vehicle safely and comfortably. Adjustable seats are critical since all drivers will be different heights and sizes. Ideally, you want the driver’s seat to be able to be adjusted back and forth, as well as up and down, to best accommodate all drivers. Being able to adjust the steering wheel and the mirrors is also important and something to look at when you are exploring the vehicles available.

As you can see, there are several things to consider when looking for a used vehicle for your family. These are just a few things to keep in mind to ensure you find the perfect vehicle for everyone.

Don’t Overpay on Your Car Loan

When it comes to purchasing a vehicle, there are many factors to consider. One of these factors is the price that you are going to pay for the car. Most people choose to go with some form of financing or types of car loans. If you happen to get a loan, it’s imperative that you don’t overpay on it. Here are three tips on how not to overpay.

Be Careful With Monthly Payments

When you negotiate your monthly payments, you don’t always want to go for the lowest possible rate. There is always interest attached to a loan, you want to make sure that you are paying enough that you won’t be accruing more interest over time. This could force you to pay more for the car than you would have with a higher payment plan.

Be Careful With Long-term Loans

Similarly to the tip above, long-term loans can often force you to pay more for the car than you would have otherwise. Long-term loans get more money out of you. As a dealership, we don’t want to see your interest build up. The sooner you have your loan paid off, the better it will be for your future finances.

Be Careful With Fees

Often, with any loan, especially financing for a car, there will be separate fees attached. When it comes to your monthly payments, pay close attention to these fees before you make any decisions. You need to make sure that the payments are below your budget. You also don’t want to pay more for something that you don’t need.

Whether you’re purchasing your first car or you’ve purchased in the past, these tips should help you to make informed decisions to keep from overpaying on your loan.

Helping Used Cars Last Longer

Used automobiles are the most common mode of transportation for most people. The individual life of any used automobile can be dramatically extended if you give it a little TLC and proper maintenance.

Follow the Maintenance Schedule

The owner’s manuals for used cars will give you a guideline for how often you should get an oil change and when it needs to be serviced. Don’t skip the routine stuff, it’s what keeps most vehicles running smoothly for years.

Replace Parts Before They Become a Problem

If your mechanic tells you the brakes will need replaced soon, go ahead and get them replaced now. Most people who start out thinking, “I’ll do that in the next few months,” forget about it until they’ve burned through their brakes or damage has been done. Preventive care is much less expensive than repairs.

Minimize Short Trips

Every time you start your engine, it takes a toll on gas mileage, your muffler and the engine itself. If you have errands to run, combine them whenever possible. If you have a short commute to work of just a few miles, see if you can carpool with someone or rideshare. A few longer trips are better for your car than a lot of short ones.

Check the Fluids

Regularly Oil, antifreeze, transmission fluid and power steering fluid should be checked and either topped off or changed regularly. The time to add more fluids is not after you’ve burnt up the oil and incurred expensive repairs.

Rotate Tires

Rotating the tires on used cars helps lengthen the life of both the car and the tires. Tire rotation reduces uneven tread wear and improves the vehicle’s ride. In most cases, you should rotate them every 8,000 to 13,000 kilometres or twice a year.

Change the Air Filter

Whether you do it yourself of have it done by a mechanic, changing air filters prolongs the life of used and new cars, improves acceleration and ensures better gas mileage.

Used cars can last for years if you take care of them properly following the above recommendations.

Buying Your Used Car Online!

Many of our customers are technologically savvy. Even more of our customers have told us that they prefer to be able to find information about used cars in one place online before they even plan a visit to the dealership. Indeed, there are many advantages of being able to use the internet to begin a used car search; not only can you get a wide variety of information about used cars online, but you can compare prices, features, and opportunities from the comfort of your office chair.

In order to help our customers get as much information as possible about our used cars and used car services, we have developed a resource-rich interactive Website that we hope they find useful. Here are a few of the things we want you to know about the resources available online that may be just right for you:

Inventory

We have an online inventory of all of our used cars. This inventory allows our customers to browse through the used cars that are currently on our lot so that they can see what we have before they schedule a trip to see us. You can see pictures of our used cars that we have as well as specifications about the used cars. Compare different models, makes, and entire styles of used cars to determine which ones are the best for you! Once you narrow your list down, we recommend that you schedule a test drive so that you can determine which used cars handle the best for your needs.

Loan application

Many of our used car customers took advantage of a car loan to buy their used cars. Our car loan program is comprehensive and has options for everyone – including those customers with no credit or bad credit. With our used car loan program, our customers can not only get safe and reliable used cars, but they can more easily afford to buy those used cars no matter what their budgets are. The loan application is the first step in applying for a car loan. This application is available online through a secure server. We’ll contact you with more details once we receive your application!

Trade-in

If you have a car that you are planning to trade in when you buy your used car, get the basic estimated value of that used car by checking out our trade-in link. Contact us for a full assessment of the value of your car. Check out our Buy Online page so you can simply purchase your next vehicle without ever coming to our dealership if you so choose. We look forward to helping you get the best used car for your needs.

Providing Car Loans No Matter Your Credit

Are you looking for a used car? If you are, make sure you choose the right dealer because that simple decision will dictate the whole purchase. The dealership you decide to buy from should stock the highest quality cars, provide excellent financing, and offering service is a must as well. Our dealership can meet all of these expectations and more, so come in today to drive off in your new dream car.

Providing financing for any auto purchase is perhaps the most beneficial service a dealership can offer. It is just easier and more straightforward to receive credit through the dealer, rather than the bank. We specialize in bad credit car loans. Never let your credit score control your purchases. Even if you have been denied in the past, cars have lighter criteria when it comes to credit, so your score might actually be considered quite good. However, even customers with bad credit can get an incredible deal. Our team will work with you to meet your payment needs. We will create a payment plan that fits within your budget.

In addition to financing your car, you can be sure to find the exact vehicle you are looking for on our lot. We have a large selection and all our cars are of high quality. After all, there is no point in settling for a car you do not want. Come and browse our range of makes and models. Soon you will be cruising in your dream car. Of course, it is important for a dealer to offer service as well. We would be glad to provide maintenance and repairs on your new car once you have driven it for a while. It is all part of our dealer’s way of serving you.

If you are considering buying a used car, come in and see us today, and you could be driving away in no time at all. We are sure that you will be impressed with our service.

Shopping for Bad Credit Car Loans: Why Getting Your Credit Report Matters

When you have poor credit, no matter the reason, it can make shopping for a quality used car a challenge. Even though bad credit car loans may be available at dealers in your area, you may not know where to begin with finding one that best suits your financial situation. However, we are here to get you on the right track and to let you know why getting a copy of your credit report is the first step you should take.

You Can Get All the Facts

If you have poor credit, then you may hesitate to look at your credit report. However, ignoring it may get you into deeper trouble because it might result in you getting locked into a loan with very high interest because you assumed you had no other option. Getting a copy of your credit report will let you know exactly where you stand before you begin to compare bad credit car loans.

You Can Fix Errors

You cannot fix mistakes on your credit report if you don’t read it. Accounts you have paid off but are still showing as open, incorrect addresses or phone numbers and other errors may be lowering your credit score without you knowing it. Look over the report carefully and if there are errors, contact the reporting company to have them corrected.

You Can Be More Informed

Knowing your credit score and having updated information concerning your credit report may make you feel more confident when you search for loans. Even if some lenders do not require a credit check for poor credit loans, you will still be in control when it comes to knowing as much as possible about your credit. This may also be helpful as you look at different makes and models because knowing your credit score can help you remember what you can afford.

Obtaining a copy of your credit report is one of the most effective steps you can make before you start shopping for bad credit car loans. You can shop with more confidence and find the most affordable loan possible.