Category: Auto Financing

Posts related to Auto Financing

4 Questions You Should Ask Your Used Car Dealer

Buying a car is an important decision in our lives and a major financial commitment. If you’ve done your homework well, things could take a turn for the worse. The problem with buying a used car is that there are too many snake oil salesmen trying to sell cars that are way out of our league. Here are three questions you should ask before you choose to buy a car from used car dealerships in Halifax.

Is the car inspected?

Before you buy a used car, remember to ask the dealer if the vehicle goes through a detailed inspection. Remember to read the inspection report to check the exact mechanical condition of the vehicle. Check if the car is likely to incur repairs in the future.  Sometimes, cars sit on the dealer lot for a very long time. Even if the dealer offers an inspection report, make sure to check for recent work done on [...]

3 Tips For Building Credit With Used Car Loans

Living with bad credit is difficult, but not impossible. You could end up paying more for your car insurance or having to put down a higher security deposit for your rental home. But this isn’t the end of the road. While you cannot set things straight overnight, there are a few purchases that can slowly but surely help to get your credit score back on track. Buying a used car is just one of them. Here’s how financing a car can help:

It helps to improve your payment history:

A good payment history is one of the key factors affecting the credit score. The more payments you make on-time, the better your chances of earning a good credit score. What better way than a car loan to prove to lenders that you can make payments on time! The best thing about paying your car loan on time is that it stays on your record for [...]

Financing-through-Used-Car-Dealerships-Advantages

Financing a used car is something everyone can afford to do. When it comes time to actually apply for a used car loan, you’ll have to consider a few things. Deciding where to apply for the loan can feel like a hectic task. You will have 2 options – either finance through a car dealership or approach your bank. Used car dealerships are considered better than banking for the following four reasons;

1. Convenience:

With dealership financing, the application and approval process will be quick so you can find a car and buy it almost immediately. Unlike banks, used car dealerships are open any time making it the most convenient and one-stop-shop option. You will not have to wait for the bank to approve or reject you.

2. Better Interest Rates

Car dealership interest rates are usually competitive. Not all dealerships may offer you lower interest rates but they will likely be open to negotiating [...]

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