by ez-auto-loan-centre | Nov 9, 2022 | Uncategorized
Money is what makes the world go around. We need it for food, shelter, and transportation. The latter is where our dealership comes into play, a place of business dedicated to helping you purchase the car or truck of your dreams. Our expert salesmen will guide you through our vast selection of automobiles, honing your sights to the perfect match for your budget and taste. Furthermore, our lenders can help you afford the perfect car by offering a plethora of car loans and loan options, one of which will fit even the toughest of customers with the worst of credit scores.
Credit and lending are hallmarks in the auto industry, and a car loan has let many a would-be-buyer afford vehicles that are integral in their lives. There is not a dealership known to me that doesn’t accept money from a buyer that is funded through a car loan. Not only are they important to the industry, but also to the overall economy, as the vehicles they afford people facilitate their movement between home and work and to the commerce centers that fuel the monetary society that we all live in and enjoy.
Canada is a great place to drive. Vast wilderness and bustling city-centers allure even the most homebody-centric people to the open road. Getting a car loan can the be the best thing that has ever happened to you. You will enjoy the freedom of the open road and the ability to travel here and there as you see fit. There is no better feeling than driving away in a vehicle that makes you grin just sitting in it. At our dealership you’re sure to find the perfect car or truck for your taste. Whether it be a sporty new roadster or a burly four-wheel drive truck, we have what your need. Get yourself a car loan and come on down to our dealership and we are sure not to disappoint.
by ez-auto-loan-centre | Apr 26, 2022 | Uncategorized
Bad credit can be a vicious cycle. You have bad credit, so you can’t get credit. You need credit to finance your car to get to work to keep your credit from getting worse. Sometimes, you just need someone to help you get back on your feet. That’s where we come in. We have bad credit car loans that will help you get a car to get to your job and keep the bills paid. Let us help you find the car you need and rebuild your credit.
If you are looking for a car loan, you should make sure that you have done all you can to fix your credit. Make sure that you correct mistakes. Know what is on your credit report so that you can explain the reasons you got behind or have the bankruptcy. It shows that you are being proactive and trying to fix the problem. Having a stable job history and regular income will help establish your ability to pay. Bad credit car loans will also require a local residence.
You should also be realistic when you are getting financing for your car. How much can you really afford in monthly payments? Know your budget before applying. You may want to get pre-approved for the financing, so that you only look at cars that fall within your budget. You do not want to fall in love with a car that is more than you can pay for.
When you make payments on your bad credit car loan, this helps you rebuild your credit. It can be more time-consuming to find a car loan when you have bad credit, but it is worth it to maintain the ability to get to work. You do have options when your credit is not that great, but you will need to take steps to show that you are making changes to your finances. Find an auto finance company like ours that works with bad credit car loans to help you fix your credit.
by ez-auto-loan-centre | Feb 27, 2022 | Uncategorized
The search for a new car carries with it plenty of financial implications. Any dealership you go to has plenty of offers for you, but that doesn’t mean you shouldn’t do your own research in order to find what’s best for you. Auto loans come in all shapes and sizes, making your research and your understanding of what you can afford all the more important.
Find a Loan with Low Interest Rates
The annual percentage rate (APR) is of the utmost importance when it comes to what your will truly pay in the end. The APR for any loan literally shifts on a daily basis and is based on the length of your loan agreement. A shorter-term loan results in lower interest rates but a larger monthly payment, whereas you have the options to stretch out that same loan and pay less monthly, but your total cost in the end will be higher. Find out how you can lock into the best interest rate possible for your situation.
Look at All the Options Available to You
The same way you shop around for the best car at the best price, you should shop around for the best loan. There are plenty of lending options – from big banks and the dealership itself, to smaller banks and credit unions or Auto Financing companies like ours – so it’s not a situation where you have to settle. Ask questions, fill out our secure online credit application or give us a call. It seems simple, but it’s easy to become overwhelmed with all the options available, making your research all the more necessary.
Understand Where You Stand Financially
Monthly payments, total cost once the loan is paid in full, what type of credit you have, and much more will have an impact on what type of loan you works best for you. It all starts and ends with what fits into your budget, so the decision is and should be based on your full understanding of your finances and what works best for you.
by ez-auto-loan-centre | Jan 4, 2022 | Uncategorized
You might be able to survive without a car, but that doesn’t mean it’s convenient. When you need a vehicle to get to work, that’s the reality of your situation. Unfortunately, some lenders tend to care more about a credit score than they do your personal situation. Bad credit car loans are a necessity for many shoppers, so it’s important to know how you can get a good loan when your financial history is a little bit lacking.
Don’t Lose Hope
If you assume your credit is going to ensure you’ll never get a good rate, you’re already admitting defeat. If lenders and dealerships avoided everyone with bad credit, car sales would probably go down significantly. Keep on searching and you’ll eventually find someone willing to give you at least decent terms.
Shop Local
Bad credit car loans are difficult to get when you’re going through a faceless bank, but become much more realistic when you work with an actual person. This allows you to discuss your situation beyond the bad credit score and make your case for why you’re not a high-risk borrower.
Target Overall Terms
Once you start talking about monthly payments, you’ve already lost your leverage. You should discuss the overall terms of the loan so you know how much the car will actually cost. With long-term numbers established, you won’t get tricked by low monthly payments and high interest fees that end up being very costly as the years go by.
Skip the Bells and Whistles
Some lenders will try and tempt you with add-ons that don’t actually save you any money. Stay focused on the cost of the car, the interest rate and and the terms of the loan.
A low credit score can hold you back, but it can be overcome. Look for car loans with reasonable terms, keep your eyes on the prize and you should be able to get what you need.
by ez-auto-loan-centre | Oct 31, 2021 | Uncategorized
Whether you have a tight budget or you just want to save money on a new set of wheels, there are several reasons why you might opt to buy a used car instead of a new one. Whatever your reasons are, the fact is that you may still need financing. Financing used cars is often more difficult and more expensive than financing new cars, but by using the following tips, you can walk away with a used vehicle loan with fair rates and even better terms.
Be Prepared
Because lending on a used car is inherently riskier for lenders than lending on a new car, the terms and rates on a used vehicle loan are generally short and high. The best way to get a loan that you’re satisfied with is to be prepared. Know what you can afford, know your credit score and have proof of income printed and ready to show. In fact, do the dealership one better and talk to a company like ours that specializes in bad credit car loans.
Fix Your Credit
If you need financing for a used vehicle, check your credit score before you head to the lot. If it’s less than 620 or even 650, take measures to repair it. Though it may take you a few months to do so, it will be well worth it when you can save thousands on interest.
Avoid Bad Credit Dealers
Sure, it may be easy to get a loan from a bad credit dealership, but only because they know that you’re desperate and are willing to pay an arm, a leg and quite possibly your first born for a used car. Buy Here/Pay Here lots generally charge higher-than-market interest rates and sell vehicles for significantly more than what they’re worth. Protect your wallet (and your dignity) and steer clear of these types of sellers.
Financing a used car is not impossible. Be prepared, fix your credit and shop wisely to find the best rates and terms possible.
by ez-auto-loan-centre | Aug 31, 2021 | Uncategorized
Many people at all ages do not have a clear understanding of what credit is and how it can impact their lives for decades. In a nutshell, a credit history is a basic report that outlines an individuals financial investments, risks, and loans. Many items show up and remain on a credit history, including credit card account openings, mortgages, loans, and even other credit checks.
If you are looking for ways to improve your credit so that you can get a lower interest rate on a car loan and higher loan amount, there are some strategies that you can and should take. However, there are also some things that you should avoid. Here are the top 3 things people do that can hurt their credit:
1. Change jobs. Many people are forced to change jobs due to economic circumstances, such as a lay-off or company closure. However, if you are able to limit the amount of times you change jobs, you will have a better credit history. This, of course, may not be possible for all people.
Lenders like to know that their borrowers have some degree of stability in their jobs so that they can project that the borrower will be able to pay back the loan as long as the borrower continues to earn a steady income. However, if you have a history of frequently changing jobs, lenders may wonder how you will pay off a loan in the interim while you’re between jobs. Lenders may also have questions about your income stability and your lifestyle stability that could potentially cause them to wonder if you are a high risk loan candidate.
Of course, it is possible to get a loan if you change jobs frequently. Simply be prepared to explain your job changes to the lender. You’ll also want to tell the lender your plan for being able to pay off the loan even in the event of a future job change.
2. Open store credit cards. Store credit cards are great, right? They help you save money on purchases that you make at a store and they offer additional special benefits. However, each open credit account that you have, including store credit cards, can hurt your credit score and your credit history. A lender’s typical view on multiple open credit card accounts is: the more open accounts you have, the more chances you will fall into debt with those other lenders.
3. Move residencies. Moving alone will not hurt your credit. However, if you are trying to improve your credit, then staying in one place for a lengthy amount of time can help to show lenders that you have a degree of stability. They will also be more likely to trust that you will be easy to contact if they need to reach you after they extend the car loan.
Contact us today for more information about improving your credit and getting a car loan today. We have a huge inventory of used cars and trucks.
by ez-auto-loan-centre | Jun 30, 2021 | Uncategorized
If your car broke down, you might find yourself in a tricky situation. If you have bad credit, you might think your chances of getting a vehicle so that you can go to work and earn a living are nonexistent. Luckily, that is not the case. Bad credit car loans can help consumers get a dependable vehicle they need.
Our staff specializes in providing customers with the information to make an informed decision. A bad credit score is in fact more beneficial in some situations than no credit history at all. Making low risk monthly payments is a great way to get your score back up, and possibly qualify you for big loans in the future such as a house loan.
Better yet, our selection of quality used vehicles is almost unsurpassable. We have a wide variety of well-maintained cars in all makes and models ready to be test driven. Our friendly staff is ready to answer all your questions and help you make a decision you won’t regret. From the second you step foot on our lot to when you drive out with your dream car, you’ll be treated with the utmost respect.
Forget about talking with a bank specialist or third party lender. We have the knowledge and expertise to provide you with financing you can afford. If you need a car as soon as possible, speaking with financers outside a dealership can only complicate your situation and waste time. Our goal is to get you on the road fast.
Relying on public transportation is not an option for everyone. Risking unemployment because your car broke down is an unfortunate situation that nobody should go through alone. Take the time to visit our website and get Pre-Approved and discover how you can get a bad credit car loan and an automobile that won’t fail you when the going gets tough.
by ez-auto-loan-centre | May 31, 2021 | Uncategorized
Whether you are building your credit as a young person or rebuilding it after experiencing some bumps in your financial history, financing a used car with us can put you in the driver’s seat of the car you want, not one you have to settle for. We have a variety of car loans to fit almost any financial situation; however, before you sign on the dotted line, there are three steps you should take first.
Check Your Credit Score
While our loan officers will look into your credit history after you apply for financing with us, knowing your credit score beforehand can help you gauge what kind of loans you might qualify for and what kind of car you will be able to afford. This can also help you narrow your down choices as you browse our fine selection of used cars. There are several websites and smartphone apps available that allow you to access your credit score for free.
Organize Your Budget
When it comes to car loans, knowing whether there is a deficit between your monthly net wages and your monthly bills can keep you from getting in over your head financially. Before you arrive to meet with us, organize your budget on paper so our loan officers can get some idea of what you can afford to pay. Writing down your expenses may also help you see where you can make changes in order to save money.
Prepare a List of Questions
If you have never secured financing from a car dealership or auto finance company in the past, you may want to write down a list of questions for our financial experts so you feel prepared and confident during the financing process. Jot down questions you might have about APR options, how a down payment might affect your monthly payments and about tax, title and licensing fees.
Being prepared to discuss financing and used car loans with us can help us find a loan that is right for you and put you in the used car of your dreams as soon as possible.
by ez-auto-loan-centre | Apr 30, 2021 | Uncategorized
Purchasing a vehicle isn’t something to take lightly or just do on a whim. This should take careful consideration. After all, your car will serve many purposes, hopefully or a number of years to come. Buying a used car doesn’t have to cause panic or anxiety, however. With car loans, it can be easier than you may think to own a vehicle, whether it’s your only car or if you plan on it being an addition to what you already have. Here are some benefits of obtaining a loan for your next used car.
Won’t Drain Your Bank
Securing a car loan can often be done with very little up front. Sometimes, you can finding lending that won’t require anything down. While you’ll have monthly payments for the life of the loan, you won’t be out a large sum of money at one time. This means you’ll keep your hard-earned cash for yourself to spend on your needs, including upcoming car maintenance and repairs. Purchasing the vehicle outright will take away from what you currently have in your account.
Easier Than You May Think
One thing that keeps people from using car loans for their next automobile purchase is the worry that the lending process will take too much time or will involve more paperwork than is wanted. But actually, many dealerships can handle the lending aspect of the transaction, making the process smoother and painless. You can obtain a loan for your car quite easily without having to wait for the keys.
Helps You Get a Car You might Not Otherwise Buy
The price tag of even a used car can look out of reach or daunting. You might not have that kind of cash on hand, but with a loan, you can map out a plan to afford the monthly payments and ultimately own the car outright.
For your next purchase, consider a car loan. You can drive off in a reliable car sooner than you thought was possible.
by ez-auto-loan-centre | Mar 30, 2021 | Uncategorized
No one wants to be stuck with his or her car loan forever. As happy as you are with your new car, that doesn’t mean you’re ready to be saddled with a car payment for too long. Most people want to finish their car loan as quickly as possible. So, how do you pay off car loans quickly? Well, we have a few tips that might help you out.
Extra Payments
Extra payments will obviously cut some time off your car loan. For some, this may be as simple as one to two extra payments a year. You can even split the payments up throughout the year to add up to a full one.
Bimonthly Payments
Some people decide to pay their car payment once every two weeks. This may allow them to pay more than their regular monthly payment. Keep in mind that if you do go this route, you should make sure that your lender doesn’t have any problem with you splitting the payment. Some lenders may charge you an extra fee.
Rounded up Payments
There are a couple of benefits to rounding up your monthly payment to the nearest 50 or 100 dollars. The first benefit is that you can pay off your car loan faster. In the beginning, it may not look like much, but after a while, the payments will add up. The second is that your budget will be easier to keep track of. It is easier to add your car payment to your list of obligations when it’s a round number.
If you’re worried about your car loan taking too long to pay off, there are a few different steps you can take to finish your payments sooner than expected. The quicker you pay it off, the less interest that you’ll pay in the long run. This way you can save money and time.
