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When is the best time to buy a new car in Stoney Creek?

When is the best time to buy a new car in Stoney Creek?

Anyone in Stoney Creek who is wondering when is the best time to buy a new car is in the right place.

Traditionally the best time to buy a new car was near the end of the calendar year when the dealerships would start taking delivery of the upcoming year's vehicles and need to clear space on their lot for this added inventory.

There has never been a better time to buy a new car

While the old approach of waiting until the end of the year to buy a new car is tried and true, the current economy has changed the way car-buying works in a profound way.

Now you could go online and buy a car without ever having to leave your couch, but this is an ill-advised approach.

When buying a car, you need to test drive it and get a feel for the vehicle.

Only when you sit behind the wheel and get a feel for the vehicle will you be able to determine whether this particular model is the right one for you.

Another reason to avoid buying a car online is the risk of identity theft, there are some sophisticated scams out there and if you are not careful, you could be giving all of your sensitive personal details to some fake website.

Interest rates are climbing fast

There is no denying there has never been a better time to buy a new car in Stoney Creek.

With the range of different options from internal combustion engines (ICE) hybrids, and EVs, there is definitely something for all budgets and preferences.

Interest rates are going up fast, and if you are not careful, you could find yourself in a situation where you are paying more to service a car loan than necessary.

The only way you can protect yourself from these rising interest rates is to secure a car loan right away.

Even if you had a perfect credit score and substantial income, the Bank of Canada is increasing interest rates, so you will only qualify for the prime rate at best, whatever that may be.

Instead of leaving things to fate, you really should consider moving forward with your car buying decision.

Finding the most competitive car loans in Stoney Creek

If you want to secure the most competitive car loans in Stoney Creek, you shouldn't waste time with online offers.

Your best option is to go through a local car dealership; they have access to lenders all across the country, and based on your financial profile, the dealership will select the lender that is going to give you a good deal.

Even buyers who have credit challenges should go through a local dealership as soon as possible. The dealership will show you how to improve your credit score and get approved for a car loan today.

So now that you know how to get a great car loan, why not reach out to your local dealership right now!

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

Categories: Auto Loan

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