A lot of students in Cambridge, Kitchener, Waterloo, Guelph or Hamilton find life much more comfortable when they’re able to secure a car for themselves. It’s a good thing lot of lenders are effortlessly working on processes that’d make obtaining car loans for students in Canada easy.
As a student schooling in Ontario, follow these simple steps to increase your chances of qualifying for an auto loan. As usual, before applying for a car loan as a student in Canada, you should do your due diligence, and these tips are here to guide you if you follow them religiously.
Step 1 – When you’re preparing for your car loan application as a student in Canada, it’s essential to keep in mind that these lenders are going to ask you of the full proof of your student enrollment. In fact, a majority of lenders place an age restriction on the kind of student that can apply [...]
While it’s exciting to browse through used car purveyors, especially with the intention of purchasing one, it’s often tricky when it comes to the finance side. It’s easy to overstretch your budget and end up with something that you can’t actually afford. With car financing, which is by far the most commonplace method to purchase a car, there are also some costs that should be budgeted into your used car purchase. So, how do you actually budget for a car? Nowadays, it’s much easier to know how much room you have to work with when it comes to financing a car thanks to online calculators. Many websites do provide this, including ours, Garston Motors at any vehicle’s landing page. It’s a very simple and intuitive, yet helpful utility that can swiftly estimate your monthly payment, and it scales properly with the payment period, interest rate and down payment. This will be your best friend when [...]
Getting a used car auto loan is as convenient as ever – especially when you choose a dealer who follows all the regulations. You can get a used car loan with 3 headache-free steps.
1. Choose your favorite pre-owned vehicle from the inventory2. Fill our secure credit application form3. Get a quote and a used car approval loan at a preferable rates
You want affordable loan payments of course– and that is a realistic expectation as in-house financing used car dealers connects you to lenders at a very good rates forwarding the savings down to you. This is the nature of the business – as competition tightens, many used car dealerships are willing to offer you zero down payment with decent interest rates – even with bad credit. Yes, you read it right – bad credit is not an issue anymore. However, there are other things to consider – like the condition, quality and the honesty of [...]