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The dos and don’ts of car buying in Port Colburn

The dos and don’ts of car buying in Port Colburn

We love our cars, they become an extension of ourselves. The prospect of buying a car fills us with excitement and anxiety because we don’t want to make the wrong buying decision.

If you are thinking about buying a car, these suggestions from our Port Colburn car loans team will help make your overall buying experience a pleasant one.

Limited supply of new and used cars in Canada

There is a shortage of new and used cars available in Canada. The pandemic has created several bottlenecks in the supply chain which will take years to sort itself out.

Along with a shortage of new and used gas-powered cars, we also have the all-electric (EV’s) that are coming out on the market.

There are many different makers of EVs, most of them are relatively new in the auto industry and while they may seem exciting you should consider dealing with carmakers that have stood the test of time like Jeep.

Jeep has a very exciting all-electric Wrangler that you really should test drive.

Financing the purchase of your new vehicle

Whether you are buying a new or previously owned car, unless you have a huge sum of cash sitting inside your bank account, you will need to get a Port Colburn auto loan to realize your car buying dream.

There are numerous lenders out there all competing for your business. We will touch on how to find the best lender in a little bit.

Your credit score needs to be 680 or higher if you want to get a competitive interest rate.

You could get a car loan in Port Colburn if your credit score is under 680, but the interest rates and terms would not be as competitive.

If you are not sure whether you meet the 680 requirement, you can check out your credit score for free with credit apps like Credit Karma.

Recovering from credit faux pas

We all make mistakes but when it comes to credit, the longer you wait to address these mistakes, the more it will cost you in the long run.

You have to look at your payment history and make sure your payments are being made on time. Nothing hurts a credit score like missed payments.

Aside from missing payments, if you are carrying a lot of debt your score will also take a hit.

Enlisting the help of car buying experts

The biggest mistake you can make when trying to buy a car is to do it all on your own. There are powerful resources available that will help you pick the right vehicle and auto loan in Port Colburn. You will find these experts at your local car dealership.

At first, it may seem counterintuitive to go to a car dealership for help but they have all of the resources in one place.

They can show you how to fix your credit so you can qualify for the best possible car loan. These dealerships also have an inventory of cars for you to test drive and buy right away.

Instead of doing things the hard way, why not reach out to your local car dealership and find the best car for your budget.

We will use all our skill and experience to deliver the lowest possible Port Colburn auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.

Categories: Auto Loan

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