Steps to Prepare Yourself for Buying Used Cars

Buying used cars is a big step in your life and there usually is no point in rushing it. When making such a major purchase, it is a good idea to approach the decision with care. Here are some things that you can do to ensure that you’re ready to buy a car when the time comes.

Know Your Credit Score

Your credit score and history will have a big impact on the type of dealership financing you qualify for, and ultimately the type of car that you get. Keep in mind that it can sometimes take several weeks or months to get errors on your credit report straightened out so do this as soon as you can. Get Pre-approved

Dealerships usually have pretty good financing deals, and you might not have to have outstanding credit to qualify. It is usually a good idea to get pre-approved for a loan before shopping for a car so you know what your limitations are in terms of pricing. This will also give you a good starting off point for negotiations down the line.

Unload Your Current Vehicle

Decide whether you are likely to get a better deal trading your current car to a dealer or selling it through a private sale. There are pros and cons to doing it either way, of course, but it depends on what best fits your plans.

Determine Your Budget

Last but not least, figure out your budget for your new car purchase. You might get pre-approved for an amount much higher than what you are actually able to afford so it is vital that you come up with your own number for how much you can afford to spend on a car.

Buying a car is an exciting process. It can be even more fun when you take the financial steps beforehand to ensure you make a good choice and are mentally and financially prepared for it.

Maintenance Tips for Used Cars

We know you love your car. You’ve spent a lot of time in it. It has gotten you from Point A to Point B, and you probably have some good memories in the driver’s seat. Used cars need TLC. In order to keep your car running smoothly and make sure that it lasts you as long as possible, it is important to keep on top of maintenance.

Understand Your Maintenance Schedule

If you read your owner’s manual you will see that it describes the maintenance schedule for your vehicle. We understand that in your busy day-to-day life, vehicle maintenance may not be at the top of your list – especially if nothing looks or sounds amiss. However, regular maintenance is what keeps things from going amiss! That’s why we recommend using reminders in the calendar app in your phone to keep track of what needs to be done when.

Keep Your Car Clean

This one is easy! Cleaning your car regularly isn’t just a good idea for aesthetic reasons; it can also keep your car running its best. Hose out the undercarriage and wheel wells to clear those areas of mud and dirt. If you live somewhere that it snows, don’t let this practice fall by the wayside in the cold weather. Road salt is bad for cars.

Get Maintenance Done at the Dealership

We’re the experts when it comes to treating your car the way should be treated. When you bring your car to us for maintenance, you can have peace of mind that it is in capable, knowledgeable, and experienced hands. We’re here for your car for the little things you need regularly, like oil changes, and the big repairs too!

Regular maintenance is essential in order to keep used cars in solid working order for as long as possible. Use your smartphone to stay on top of the recommended maintenance schedule, keep your car clean, and bring your car to the dealership to help ensure that you and your car will have a long, happy life together.

3 Car Loan Myths

If you have your eye on a new or used car, you may have to consider financing options. The problem that a lot of people face is that they don’t have optimal credit and may not think that they qualify. While many lenders offer bad credit car loans, there are still a lot of myths that circle the choice. You shouldn’t let these turn you away from the financing that could get you your dream car. Here are the three top myths when it comes to car loans.

A Low Credit Score Guarantees Rejection

This isn’t true at all. In fact, there are dealers and lenders that specialize in car loans for people with bad credit. Poor credit will not stop you from financing a car.

You Can’t Refinance if You Had a Poor Credit Score

When you’re approved of a car loan with a low credit score, you are given the opportunity to build your credit over again. After a while, as your score builds you will be given more options. It’s common for people to refinance their loan and come up with a cheaper rate after they have built up their credit score.

Income Doesn’t Matter if You Have Bad Credit

Income absolutely matters! Income and the other debts that you owe play a big role in the size of the loan you can be awarded. While lenders do pay attention to your credit, your income also plays a large role in whether or not you’re approved. This can also affect the rates that you’re given.

Don’t allow myths to turn you away from car loans. Even with bad credit there are many options out there. While it can be a difficult choice for many people to decide whether or not they want to look into financing for a vehicle, it’s important not to be deterred by myths. Only the facts should be an influencing factor on your decision.

Factors Affecting the Cost of Your Car

Everyone likes to get a good deal. When you are offered a low monthly payment on your car loan, that might seem like the best deal of all. In the long run, however, that low monthly payment might actually end up costing you hundreds of dollars more than you intended to pay. In order to understand the true total cost of car loans, you must look at three different factors.

Loan Amount

The initial amount you borrow is called the loan principal. The amount of principal you have left at the end of every billing cycle is one half of the equation that determines how much you will pay in interest. To lower the total amount you pay on the entire loan, it is a good idea to start with a lower principal. If you are able to pay 20% of the initial $25,000 cost in a down payment, that is $5,000 of the purchase price that never figures into the interest you are charged.

Loan Rate

The other half of the interest equation is the interest rate itself. Bargaining for a lower interest rate can significantly reduce the price you ultimately pay for your next vehicle. A great credit score and other factors, such as dependable income, can lower your risk factors with the lender and thus can result in a lower APR, saving you a great deal of money.

Loan Term

A lower monthly payment might be tempting. When you accept a lower monthly payment, however, you are lengthening the term of your loan, postponing the date when the car will be paid off and costing yourself a lot of money in the process. You will pay significantly less interest with a 2- or 3-year loan term than with a 4-year loan.

When negotiating the terms of car loans, fight the urge to take it easier than your monthly budget can handle. Factor in the amount, rate and term of your loan to get the best deal overall.

Reasons You Should Buy a Used Car

The idea of a brand new car is exhilarating, but for most people, used cars are more budget friendly and just make more sense. If you aren’t convinced that a used vehicle is the right choice for you, then you need to keep reading. We’re going to show you why buying used can be the best decision you make.

More Options

Buying used gives you a range of great options. Because prices are more affordable, you are able to look at vehicles you may never thought you could afford. This includes luxury designs and larger vehicles, like SUVs and trucks. In addition, you can get a lot of features for your dollar. You have the opportunity to buy the vehicle you really want instead of having to settle for only a couple options you can afford. This really opens things up and allows you to look at a range of vehicles you might not have even considered an option.

Reliability

One of the best things about buying a used car is that they generally come with all the “kinks” worked out. This just means that any manufacturer issues have often already been caught and fixed by the time you get the car. So, you get a nice peace of mind.

More for Your Money

In the past, buying used was often a gamble because cars really had a set life time. You knew if the mileage was at a certain point that there was a certain amount of life left in the vehicle. That is not really true anymore. Cars last longer. So, buying a used one really isn’t sacrificing too much. You will likely get more than enough acceptable life out of any vehicle you buy.

Before you completely write off buying used cars, take a minute to think about the reasons you should buy one. Used vehicles aren’t at all the stereotypical broken down, worn out vehicles that may come to mind. They really are great cars that have a lot to offer.

Borrowing Money for a Car Could be the Right Move for You

Car loans can be scary prospects for someone that has never been in debt or owned a car. At Auto Approvals Today we do our best to make first time car buyers feel at ease with the process, and our lenders are some of the best in Canada. We can cater the loan terms to fit your situation and help you get into the vehicle that you need for your daily commute or weekend jaunts into the wilderness.

Credit should not be an obstacle when it comes to shopping for the car that you need. Our trained professionals work as a team to provide you with the best experience and the best vehicle possible. Our salesmen will listen to your needs and match you with the right car, while our lenders will help you with a loan that will assuage any doubts you may have with regards to affording the vehicle. Count on us to work with you whether you have bad credit, mediocre credit, or a perfect score.

The loan process is one that has become common place at most dealerships across Canada. It allows one to get into a vehicle that isn’t immediately available to them because of price barriers, but that may be necessary for them to get and keep a job or to enjoy the great outdoors to the utmost. Borrowing money and responsibly paying off the debt is the best way to build one’s credit. We are proud to help people build their credit with car loans and to help people become more mobile in the vehicle and manner that best suits them.

Fear not the uncertainty of debt. Let the lenders and our friendly staff be the solace you need as a new borrower or car owner. Comfort in your financial and vehicular decisions can be assured when working with us as we work with you to build connections between the buyer and the road and the great country of Canada.

3 Reasons to Buy a Used Car

If you’ve ever turned on a TV — and chances are you have — you were probably inundated with commercials for shiny new cars for only a single paycheck per month! When your family is in the market for a new car, a used cars service could offer you something just as beautiful as what you see in on the new lot. That’s not the only benefit, either.

Used Cars Are Cheap

It might seem obvious, but used cars are cheaper, and it goes beyond a simple price tag. Perhaps you prefer luxury cars, but could never afford one right off the lot. For what you’d spend on a brand new Toyota, you might be able to find the luxury car of your dreams. Even if you prefer something family-friendly over a sports car, you could save up to 50 percent by purchasing something used.

It Might Be Safer

It seems like a different car recall is in the news every day. Purchasing a new car leaves you vulnerable to undiscovered mechanical issues. If you opt to buy one that is a few years old instead, it’s more likely that any problems were already discovered and fixed, leaving you with peace of mind.

You Don’t Have to Skip the Warranty

Many people worry they’ll end up purchasing a used car that doesn’t run for long, but most dealerships offer certified pre-owned cars. Certified used cars are usually slightly more expensive than traditional used cars, but the certification means the car was professionally inspected and, if it had any problems, was professionally repaired. Certified used cars come with a warranty that ensures you can drive the car for a set amount of years, at least.

If you’ve been trying to decide between purchasing a brand new vehicle or buying a used one, our used cars service could be just what you’re looking for. Whether you need something for the whole family or something to impress your friends on the weekends, we provide a range of vehicles for a wide variety of budgets.

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.

How Buying from a Dealer Simplifies Your Life

Buying a used car from a dealer has a number of advantages of over getting a car from a private seller. For one thing, our reputation is on the line with every car we sell, which isn’t the case for an individual. Our business model is built on satisfying the customer, so that we get repeat business and positive word of mouth. This goodwill allows us to sell more used cars, which is our goal.

Another powerful advantage we have is convenience. Where else can you find a large selection of vehicles for sale than on a dealership lot? We carry everything from cars that are a year-old to vehicles that have been around a bit longer, giving you a variety of price points to choose from. We also offer a range of makes and models to test drive and kick the wheels a bit.

There’s a lot more, too. We offer financing packages that allow you to drive home the car of your dreams. We also are often able to provide lower interest rates than you might find on your own. Our cars have all been inspected by mechanics; they don’t go out on the lot until they have been cleaned and fixed of any mechanical issues. You won’t drive from our lot only to have the bumper fall off.

Finally, we handle all of the paperwork for your new set of wheels. We will set you up with registration and title so you don’t have to do the work yourself. When it comes to buying used cars, we are the place to go.

Excellent Reasons To Buy Used From a Dealership

The reasons for buying used cars just get better and better. As the quality of automobiles improve across the board, and seemingly year by year, a good used car is easier and easier to find. Our lots are full of hundreds of used vehicles that are dependable, stylish and affordable. It is hard to improve on that. With a used car, you can beat the depreciation game, and get more for your dollar.

Large Selection

With our dealership, you will always have a large selection of used cars to pick from. We get cars in daily. We have cars from just a year or two years old, to cars that are older but still in excellent shape. You can take advantage of great deals, and can choose from hatchbacks, crossover SUVs, small and large trucks and more. You won’t have to go running from place to place to see different models and makes.

Financing Options

In most cases, financing a used car is relatively simple nowadays. Interest rates have stayed low and terms remain favorable to buyers. In many cases, only a low down payment (or sometimes no down payment at all) is all that is needed. We will work with you to get your monthly payments down to a manageable level. With the right financing, you can drive home with a great car.

Service Commitment

A good maintenance department can service all makes, models and years of vehicles. It will keep you informed of when work is needed. A staff of professional mechanics can rotate tires, replace worn brakes, and do major engine work.  When you buy a vehicle from a quality dealership, you should have a ready resource to keep your car running safely and dependably.

We believe buying used cars is a smart choice for you.  You get a great deal and a quality car that will provide reliable transportation for years to come.