Maximizing Your Good Credit: Smart Vehicle Financing Tips
If you have a good credit score, you deserve to benefit from it when financing a vehicle. At Good Fellow's Auto Wholesalers, we are known to be a good used car dealership in Toronto and our team would be delighted to assist you in maximizing your good credit with a good credit car loan.
Allow our team to work with you to help you secure the best available interest rates on your auto loans. We offer several financing programs, including options that provide 3-6 months of payment-free financing for those who qualify. In order to help you make an informed decision when it comes to a good credit auto loan, our team has put together this guide below to help you make an informed decision.
Understanding Low-Interest Rate Offers
While low interest rates can seem attractive, particularly if you have good credit, they often come with strings attached. Usually, these types of offers result in higher monthly payments as the loan is to be repaid in 24 months. Therefore, our team at Good Fellow's Auto Wholesalers urges clients to critically evaluate their short-term savings to see if the increased monthly rates will be a financial burden or not.
Balancing Rebates & Interest Rates
Low-interest financing deals often exclude rebates that are otherwise available to buyers with good credit. Therefore, it's important for those with good credit to calculate their potential savings if they were to keep the rebate instead. In some cases, some will find that the rebate can actually result in more substantial savings than the marginally lower interest rate.
Considering the Final Price
When given a low interest rate, it's easy to miss the final price of the vehicle. Therefore, before you make any decision, it's best to ensure that the price of the vehicle aligns with your budget and that you're not overpaying simply because of a tempting financing offer. When you choose to work with a professional dealership, they will walk you through in detail every aspect of the deal so that you can feel comfortable throughout the entire process and fully understand the deal you are signing off too.
How Our Used Car Dealership Can Help
Whether you are looking to obtain a bad or good credit car loan in Canada, our team at Good Fellow’s Auto Wholesalers is ready to assist you. Contact our team at 1 (855) 581-9590.
