A car loan can be a significant financial burden, with monthly payments eating up a sizeable portion of your income. While it can be tempting to stretch out the loan term to keep the payments manageable, doing so can end up costing you a lot more in the long run. If you want to pay off your car loan faster and save money on interest, here are some tips to help you do it.
1.Increase your monthly payments
One of the simplest ways to pay off your car loan faster is to increase your monthly payments. Even an extra $50 or $100 per month can help you chip away at the principal balance and reduce the overall interest you pay over the life of the loan. If you can afford to pay more, consider increasing your payments even further.
2. Make bi-weekly payments
Making bi-weekly payments instead of monthly payments can also help [...]
At our dealership, we understand that buying a preowned vehicle can be a daunting task. With so many options to choose from, it’s easy to get overwhelmed and unsure of where to start. That’s why we’ve put together this guide to help you navigate the process and make an informed decision that you can feel confident about.
One of the first things to consider when buying a preowned vehicle is your budget. How much are you willing to spend? Do you have a specific price range in mind? Knowing your budget ahead of time can help narrow down your options and ensure that you’re only considering vehicles that are within your financial means.
2.Vehicle history report
Another important factor to consider when buying a preowned vehicle is its history. Has it been in any accidents? How many previous owners has it had? A vehicle history report can provide valuable information about the [...]
Alright folks, let me tell you why zero percent interest rates are not as great as they might seem. While some car dealerships may love to advertise these deals as the best thing since sliced bread, the truth is that they are often a sneaky way for dealerships to jack up the price of the car and can be riddled with fine print and qualifications that make them less of a deal than they might appear.
First of all, let’s talk about what “zero percent interest” really means. While it might sound like you’re getting a loan for free, in reality, you are still paying for the car – it’s just that the interest charges are baked right into the sticker price. This means that you could end up paying more for the car than you would have if you had negotiated a regular interest rate. In other words, that zero percent interest rate is [...]
Once upon a time, a customer walked into Lebada Motors with trepidation, unsure of what to expect from the car buying experience. However, from the moment they set foot in the dealership, they were greeted with nothing but warm smiles and friendly banter from the staff.
Each staff member went above and beyond to ensure that the customer was comfortable and informed throughout the entire process. They patiently answered every question and explained every detail thoroughly. When the customer encountered a roadblock, the Lebada Motors team went the extra mile to find a solution that worked for them.
Petar and Adam were the dynamic duo that handled the customer’s needs with precision and humor. They were both knowledgeable and professional, but they also knew how to crack a joke to put the customer at ease. By the end of the car buying experience, the customer was left with nothing but amazing things to [...]
Spring is a season of renewal and rejuvenation. As the snow melts away and the sun shines brighter, it’s time to give your car some much-needed attention. After a long and harsh winter, your car may require some general maintenance to ensure it’s running smoothly and efficiently. Here are some tips for spring car maintenance:
Change Your Oil
Oil is the lifeblood of your car, and changing it regularly is crucial for keeping your engine running smoothly. Spring is a great time to change your oil and replace your oil filter, as the winter weather can cause your oil to become thicker and less effective.
Check Your Tires
Winter roads can be tough on your tires, so it’s important to check them in the spring. Look for signs of wear and tear, and check the tire pressure to ensure it’s at the recommended level. Consider getting a tire rotation or alignment to prolong [...]
When purchasing a pre-owned car, it’s essential to consider the costs of future repairs and maintenance. Even with thorough research and inspection, there’s always a risk of unforeseen issues that can arise after purchase. An extended warranty can provide peace of mind and protect your investment in the long run.
Here are some of the top reasons why buying an extended warranty for your pre-owned car is a smart choice:
1.Protects Against Costly Repairs
One of the most significant advantages of an extended warranty is that it protects against costly repairs. In the event that a covered component fails, the warranty will cover the cost of repairs or replacement, saving you potentially thousands of dollars in repair costs. This is especially important for pre-owned cars, which may have higher risks of mechanical failures due to age or wear and tear.
2. Provides Peace of Mind
With an extended warranty, you can drive your [...]
While having bad credit can make buying a used car more challenging, it’s not impossible. With a bit of sass and determination, you can still find a reliable car that fits your budget. Here are some steps to consider when buying a used car with bad credit:
Step 1: Know Your Credit Score
Before you start shopping for a used car, it’s important to know your credit score. Your credit score will impact your ability to secure financing, and it’s important to have a realistic understanding of what you can afford. So, grab a glass of wine, turn on some tunes, and pull up that credit report!
Step 2: Set a Budget
Once you have a good sense of your credit score, you can start to set a budget for your used car purchase. Be realistic about what you can afford and don’t forget to factor in additional costs like insurance and maintenance. [...]
In Canada, dealerships are prohibited by law from charging different prices based on payment method. However, there have been reports of some dealerships still engaging in this practice, which is both unfair and illegal. This pricing strategy has raised concerns among consumer advocates, who argue that it’s discriminatory to charge more to those who have the means to pay in cash.
The rationale behind the traditional approach of offering discounts to cash customers is that dealerships save money on the financing costs. When a buyer pays in cash, the dealership avoids the costs associated with financing, such as interest payments and processing fees. Therefore, it makes sense for dealerships to offer discounts to cash customers, as they are saving money on the transaction.
However, some dealerships have flipped this approach, charging more for cash purchases in an attempt to make up for lost profits from financing. This practice is both unfair and illegal under the [...]
It’s worth noting that these numbers are based on total sales since the vehicles were first introduced, and some models have been in production for longer than others. However, these five models have all stood the test of time and remained popular with consumers around the world.
Here are the top 5 selling vehicle models of all time, based on actual numbers:1.Toyota Corolla – 44.1 million units sold
The Toyota Corolla is a compact car that has been in production since 1966. As of 2021, it has sold over 44.1 million units worldwide. The Corolla is known for its reliability, fuel efficiency, and affordability.2. Ford F-Series – 43.5 million units sold
The Ford F-Series is a line of pickup trucks that has been in production since 1948. As of 2021, it has sold over 43.5 million units worldwide. The F-Series is known for its toughness, versatility, and capability.3. Volkswagen Golf – 35 [...]
Buying a car is one of the most significant investments you will make in your life. Whether you’re looking for a new or used vehicle, it’s essential to choose a reputable car dealership to ensure that you’re getting a fair deal and a reliable car. In this blog post, we’ll explore why it’s important to buy a car in a trusted car dealership.
When you buy a car from a trusted dealership, you’re guaranteed to receive a vehicle that has undergone a thorough inspection and has been tested for quality. Most reputable dealerships conduct pre-sale inspections to ensure that the car meets the manufacturer’s standards, and they will also offer warranties that will protect you from unforeseen issues that may arise after purchase. You can be confident that the car you’re buying is in excellent condition and is free from any significant defects.
Financing and Insurance Options
Purchasing a car is [...]