Tag Archives: car loans Oakville

3 Things You Need To Know About the Car Loan

Whether you have good credit or bad credit, we make it possible for all of our customers to get car loans on the same day that they apply. After all, we know that getting the right car often requires a little help from our lenders. Our first priority, of course, is to make sure that all of our customers get the right cars for their needs – and that those cars are going to be safe and reliable for years to come.

Here are 3 things that you need to know about car loans in Mississauga if you’re in the car buying market:

Bad credit doesn’t matter

As far as your ability to secure a car loan goes, having bad credit doesn’t matter. We offer car loans to customers with good credit just as often as we offer car loans in Oakville  to customers with bad credit – or even no credit. Car loans help us to ensure that our customers get the best cars for their lifestyles and needs. By offering no credit or bad credit car loans, we help all of our customers get safe cars – not just those customers with perfect credit. Therefore, be sure to ask us about the rates and lending options we have just for you when you apply for a car loan.

You can get started from home

Many of our customers start the car loan process from their comfort of their own homes or offices by completing the credit application online. We have our credit application available through our secure server so that our customers can have the convenience of getting started with their car loans without ever having to come into the dealership. By getting started with the car loan process online, you can have a better idea of what type of loan you may qualify for before you come on down to speak with our lenders.

Car loans in Vaughan can improve your credit

Many of our customers are excited to learn that car loans can actually improve their credit if they have bad credit or no credit. Because car loans interest rates and car loan amounts are based on a borrower’s credit score, it’s best to have the best possible credit score when you apply for a loan. By getting a bad credit car loan, you can improve your credit score by showing future lenders that you can repay a loan. This process will improve your credit history!

Get started with your bad credit or no credit car loan today to get the right car for you – and to start turning your credit around!

Why Choose Get Car Credit?

If you are in the car buying market, then chances are good that you are looking for ways to save money when you buy your car – and get the best possible financial arrangement on the car. Our car loan program is designed to make it easy for you to buy the right car for your needs – no matter what your budget is. Through our car loan program, you can not only get the best interest rates possible for your car loan, but you won’t be denied a car loan for reasons based on your credit.

Here are a few reasons that we think you’ll enjoy getting your car loan from our lenders:

We’re on-site

One of the best reasons to get your car loan from our lenders is that we are on-site. We are located right at the dealership so that you can visit with our lenders and then take a walk through the lot in order to find the right car for your budget based on your meeting with the lenders. The dealer and lender also work together in order to ensure that the car that you buy not only suits your lifestyle, but that it also suits your overall needs.

We don’t turn anyone away because of bad credit

Many of our customers have bad credit and are concerned that they may not qualify for a car loan in Vaughan. Luckily, thanks to the strength of our lending program, we don’t deny a car loan to anyone based solely on their credit. We offer bad credit car loans, no credit car loans, and, of course, good credit car loans. The major differences between these loans is that with the bad credit car loans, you may have to pay more for your car loan and qualify for a higher interest rate than a borrower with perfect credit. However, we can still ensure that you will get a car loan at a rate that you can afford for as long as you need it. And – the car that you buy from us with the car loan will be safe and reliable for years to come.

Financing packages

A car loan isn’t the only financial solution we can offer to our customers. In fact, a car loan in Oakville is usually only one segment of our full loan packages. The car loan usually works alongside a special offer or trade-in program in order to help further reduce the price of a car or loan payments.

Contact Get Car Credit, today to learn more about our car loan program or to get started with the loan arrangement that’s right for you.

Car Credit – Your Options

Car credit is an all encompassing term for the hows and whys of financing the purchase of a new or used car. Its ambit covers loans, payments options, car refinance and leasing. It’s a complex subject so let’s look at a few fundamentals you need to understand before venturing out into these waters.

Do you have the option of going in for a secured  car loan in Mississauga? Secured loans are offered against collateral such as fixed assets or property and the interest rate is lower than for unsecured loans. However, since unsecured car loans are easy to come by, you may prefer to keep the secured loan option for some other purpose.

Before applying for car credit get a copy of your latest credit report and fix any issues which may have a negative impact on a potential lender.
Car credit covers both buying and leasing. Leasing is cheaper, but what you get is the right to use a car for the lease period after which you give it back to the leasing company. You have not bought a car and it is not your property.

Be careful in filling out your application for car credit. The application will be checked in detail and an honest error may appear, to the finance company, as an attempt to mislead them.
Research all the car credit options available to you but do not make multiple loan applications. These will be reflected in your credit report and may make it seem that you are desperate for a loan which may make potential lenders wary.

Getting a car loan in Oakville through a car dealer is usually quick and easy since the dealer knows the finance companies well and knows how applications are evaluated. He will be able to guide you on how to apply and the pitfalls to avoid.

Be realistic in planning your purchase and monthly installment budget. It is tempting to go in for a great sounding offer that will allow you to buy a car you never thought you could afford. But the bottom line to use for evaluating any car credit offer is how much you will be paying every month and how much is towards the car and how much is interest in the loan.

Prepare a budget you are comfortable with. Do not fall into the trap of availing of higher car credit in the expectation of increased income in the future. Base your planning on what is, not what will be.
At the same time, remember that taking car credit for the maximum time possible may reduce your monthly payments, but the longer duration of the car loan in Vaughan will increase the amount you will be paying in interest.

Keep accurate records of everything – your down payment, all extra expenditures like insurance, registrations and so on, your monthly installments etc. In case of any disputes with the finance company, you have all the information you need with you.

How to Qualify for Bad Credit or No Credit Car Loans

If you are like many of our customers, your credit has room for improvement. When we work with customers with bad credit, the first thing we want to remind them is that they can get a car loan in Oakville through us without a problem. In fact, many of our customers are surprised to learn that the car loans they can get though us can actually save them money and improve their credit in the long run.

Here are a few things that you’ll need to do and know about when it comes to getting a no credit or bad credit car loan in Mississauga through us:

Learn about credit

If you are not already well-versed in the ins and outs of the credit system, it may be worth your while to take some time to learn more about it. A credit score is based on a wide variety of factors, including the length of you credit history, payment history, types of credit you use, amount you owe, and your new credit. All of these factors make up a different percentage of your credit history. However, your payment history takes up the largest portion of your credit score – 35 percent. Therefore, lenders will pay extra attention to your credit history when determining what kind of loan to give you.

A car loan can help

Because lenders are interested in your credit history, they are looking for an indication that you will be a reliable borrower. If you have a bad credit history, it may be because you have made some bad borrowing choices in the past. For example, you may have had to declare bankruptcy. However, by taking out a car loan that you can repay, you will be rebuilding this portion of your credit score and will be able to show future lenders that you are financial reliable and likely to repay the loan they give you!

Complete the credit application

The credit application is the first thing we look at when determining what your loan options will be. Therefore, you’ll need to complete the credit application in order to get started with your car loan in Vaughan. Our credit application is available online or you can come visit us in person to complete the loan application on-site. We will review it right away to get started with the loan process today.

We look forward to helping all of our customers get the best car loans for their needs. Contact us today to learn more about the loan options available to you – regardless of your credit situation!

Car Loans Are a Good Thing.

If you are thinking about buying a car but are not sure whether or not to buy a car using a car loan, then we are happy to share with you some of the many reasons why we think buying a car with a car loan is a wise choice for many of our customers. When our customers apply for car loans, they are sometimes concerned about issues related to their finances, such as bad credit, the loan amount that they may qualify for, and interest rates. However, there are many other factors that go into determining whether a car loan is right for you.

Here are a few things that you may want to think about when determining whether or not to get a car loan in Mississauga:

It helps you get a good car now

Many of our customers tell us that they are trying to decide between getting a good car with a car loan or settling for a car that only meets their short-term needs that they can buy with cash. From a safety, long-term investment, and overall quality perspective, we generally encourage our customers to get a car loan that allows them to buy a car that will suit their long-term needs and current lifestyle. We can offer competitive interest rates that will help these customers to keep low monthly loan repayment amounts that they can easily afford – no matter how long they plan to keep the car loan in Oakville.

You can refinance

One issue that comes up with many of our customers with bad credit is the fact that customers with bad credit generally have to pay greater interest rates and qualify for lower loan amounts. When customers have bad credit, we encourage them to go ahead and get the safe and reliable car – even if it means paying more for their cars now. A few years down the road, paying those loan repayments each month will result in a higher credit score. With that higher credit score, they can refinance their car loans in order to save money down the road – but they’ll still have that safe and reliable car.

It’s easy

Getting a car loan in Mississauga is not as easy as some people might imagine. In fact, getting a car loan can be done in the same day that you apply – and you can begin the process from the comfort of your own home or office. Simply complete the credit application online to get started right where you’re sitting!

At Get Car Credit, your solution for car loans in Oakville, we look forward to helping you get the best car loan for your needs. Contact us today to get started!

Getting A Car Loan With No Credit History

 

Usually the first big purchase a person makes that requires the use of financing or a loan is for a car of their own. The challenge with this is that a person may not have the proper amount of credit history in order to qualify for a loan or to have a bank approve them for a car loan in Oakville. Therefore, applying for an auto loan with little credit can come with its fair share of difficulties. There are options however. Here are some of the reasons why a creditor will not approve someone for a car loan, why establishing credit can be difficult and options that are available to those with little or no credit history when applying for a car loan.

One of the primary reasons that a finance company or traditional credit union will not approve a low interest auto loan for someone with little to no credit is that they have no guarantee that the applicant will be able to repay the money that has been loaned. An applicant with a proven history of good credit and evidence that they have been able to pay back a number of loans and credit payments without incident is a much better indication that the bank or credit agency will see a return on the loan. Quite often a bank or major credit agency will be trained to minimize losses whenever possible and even if you can provide evidence that the loan will be paid off through your income they will not take the risk if you have little to no credit history in order to back it up.

To be honest establishing a good credit report can take months if not years. Obtaining a credit card if you have no previous credit history can be equally as difficult. You may want to sign up for a department credit card or a secured credit card in order to establish a credit history. Only after having bought several items through your line of credit and paying off the balance, as well as holding the line of credit in good standing over time will you build a solid credit report. If you have the need of a vehicle quickly, taking the time to establish proper credit could be a challenge.

There are options available to people with little or no credit history. Several companies are able to offer easy credit applications that can be approved in a matter of seconds. The car loans in Oakville through these lenders are more apt to be approved regardless of your credit history as long as you can provide a statement proving your income and employment status. Filling out the application is quite easy and it is possible to be approved for the loan in a matter of minutes giving you access to the credit that you need.

Even if you do not have much credit history or if this is your first car loan in Vaughan, there is no need to worry about being declined using an online lender for car financing. Getting the money you need can be done without hassle and without having to face any rejection because of your lack of credit history.