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5 Smart Questions to Ask a Used Car Dealer

Shopping for and comparing used cars may seem like an overwhelming or stressful task. After all, you are making a major monetary investment. So, it is important that you find a quality vehicle for the best price. To make things easier for you, we have prepared a list of questions to ask the car dealer.

Do You Take Trade-Ins?

Selling your current vehicle to a dealer is beneficial. For one, it takes the hassle out of selling the car on your own. Additionally, it lowers the final price you pay for your used car.

Who Is the Previous Owner?

Dealers receive used cars from a variety of sources, such as private owners, rental car fleets and auctions. The car’s history gives you a better picture of its value. For example, if it is a trade-in there a good chance the dealer has maintenance records. You can also obtain information about prior accidents or repair costs.

Can I Get a Copy of the Pre-Certification Report?

If you are interested in a certified pre-owned car, request the service report. The document provides a list of everything fixed as well as anything that still requires work.

How Long Can I Test Drive the Car?

There are dealerships who allow customers to keep used cars overnight. In these instances, you will need proof of insurance. A handwritten agreement stating you will return the car with a full tank of gas and won’t drive more than 100 kilometers may also be required.

Do You Provide New Equipment?

Dealerships may sweeten the deal with some extra items. You can negotiate for things such as a set of tires or a new timing belt, especially if the auto has close to 100,000 kilometers.

Asking the right questions will help your trip to the dealer go a lot smoother. Once you have the information you need, you will feel confident knowing you have bought the right car.

Get a Loan, Get a Car, Get Going

Car loans are a wonderful way to buy a car or truck that is worth more money than you have in your bank account at the time of purchase. These allow one to build credit while driving a vehicle that would otherwise be financially out of reach. At our dealership we sell more cars to customers utilizing auto loans than we do otherwise. It is rare these days to find a customer that is willing to pay in full up front for a car or truck, and for this reason we have a top-notch lending team to help even those with the worst of credit scores drive away happy.

To achieve the best rates on a loan for an automobile one should come to the dealership with a high credit score. This, bar none, is the most important aspect that lenders consider when deciding whether to approve a borrower for an auto loan. Second to the credit score, lenders are looking for a decent amount of cash to be put down towards the cost of the vehicle up front. In the event of bad credit one must provide a cosigner or come up with another creative way to appeal to the lender.

Whether your credit is a shining reflection of your awesome spending, debtor, and financial habits, or it is a mar on your record indicative of a reckless spender, our dealership can work with you. We want nothing more than to provide you with the optimum vehicle for your needs. We will bend over backwards to help you, whatever your situation, into one of our vehicles.

Our premier staff of salesmen and lenders will make you feel right at home at our dealership. We can accommodate the pickiest of buyers and the worst of credit scores. Help us help you hit the open road in a new-to-you vehicle that will turn heads across Canada.

Helping Used Cars Last Longer

Used automobiles are the most common mode of transportation for most people. The individual life of any used automobile can be dramatically extended if you give it a little TLC and proper maintenance.

Follow the Maintenance Schedule

The owner’s manuals for used cars will give you a guideline for how often you should get an oil change and when it needs to be serviced. Don’t skip the routine stuff, it’s what keeps most vehicles running smoothly for years.

Replace Parts Before They Become a Problem

If your mechanic tells you the brakes will need replaced soon, go ahead and get them replaced now. Most people who start out thinking, “I’ll do that in the next few months,” forget about it until they’ve burned through their brakes or damage has been done. Preventive care is much less expensive than repairs.

Minimize Short Trips

Every time you start your engine, it takes a toll on gas mileage, your muffler and the engine itself. If you have errands to run, combine them whenever possible. If you have a short commute to work of just a few miles, see if you can carpool with someone or rideshare. A few longer trips are better for your car than a lot of short ones.

Check the Fluids

Regularly Oil, antifreeze, transmission fluid and power steering fluid should be checked and either topped off or changed regularly. The time to add more fluids is not after you’ve burnt up the oil and incurred expensive repairs.

Rotate Tires

Rotating the tires on used cars helps lengthen the life of both the car and the tires. Tire rotation reduces uneven tread wear and improves the vehicle’s ride. In most cases, you should rotate them every 8,000 to 13,000 kilometres or twice a year.

Change the Air Filter

Whether you do it yourself of have it done by a mechanic, changing air filters prolongs the life of used and new cars, improves acceleration and ensures better gas mileage.

Used cars can last for years if you take care of them properly following the above recommendations.

Follow these Steps to Get a Car Loan with Bad Credit

If you’ve ever gone out to the garage and discovered that your car has lived its last day, you may not know what to do if your credit is less than great. We all go through financial hard times financially and because of this, you can still get a car loan by following these few simple steps.

Be Reasonable

Come into Goldline Motors and find out about bad credit car loans. You may find that our dealership is much more likely to offer you a car loan because our terms are more favourable than other dealers.

Put Down a Larger Down Payment

If you have reservations about the interest rate you are offered, try putting down a larger down payment. Since your interest rate is based on your credit score, in addition to other factors, a larger down payment can convince our lenders that you are in fact a good candidate for a loan and are serious about paying the car off.

Remember, it doesn’t hurt to wait a little bit to repair your credit or save up a little bit more to add to your down payment before you try applying for a car loan again. But, you should also not wait too long. Purchasing a used car after your credit score has seen better days is one of the best ways to rebuild your score and get it back up to where you want it to be.

Get A Car Loan, Usually The Same Day!

Many people think that getting a car loan is a long and complicated process, and with some lenders, this can be the case. However, finding car financing and getting approved quickly isn’t impossible. Following the guidelines below will help you find favorable financing and get behind the wheel of your new car in hardly any time.

First, be willing to shop around. Different lenders tend to move at different paces. At a financial institution, you will have to fill out plenty of forms, and typically at least a few days for approval. At a dealership, you can often get a financing package laid out on the spot, get approved on a shorter timescale, and drive away in your new car much sooner.

Next, do your best to come to the table fully prepared, or you’ll be wasting your own time as well as that of the dealer. You’ll need to bring proof of employment and your current income, as well as documentation such as identification. You also need to have worked out a budget beforehand so that you know what kind of monthly payments and what kind of total amount you can afford. Being prepared with this information will make it much easier for you to work out an appropriate arrangement with the right lender.

Finally, if you can, you should find out what your credit score is beforehand so that you’ll have some idea of what kind of interest rate you deserve. It’s important to look around for a good rate, but if you’ve had problems with debt or other liabilities, you don’t want to waste too long looking for a deal that you might not find.

With these simple steps in mind, you should be able to expedite your car financing. Although getting auto financing quickly is a great goal, you should always remember that buying a new car is a big commitment, so you shouldn’t rush into anything that you aren’t sure about.

Can I Get Approved for Car Financing With Poor Credit?

With poor credit, you may feel like your car-buying options are also on the poor side of things. The good news is we have financial solutions for individuals who have struggled with credit in the past. To help you get beyond where you are now with your credit rating, we offer solutions that allow you to get approved for car financing with a bad credit rating.

One of the best things about getting approved for financing when you don’t have a great credit history is you can improve your credit rating. You need to start working your way toward better credit at some point, and our financing solution allows you to do that. By staying in contact with our financial representatives and letting us know what your financial situation is, we can help you make sure your payments are on time and in full so it makes a positive impact on your rating.

Something to keep in mind is you will have a lot of options when it comes to credit approval for individuals with bad credit. No matter the type of automobile you are looking for, we will have something that meets your needs, and you will be able to purchase it with the help of financing. If you need a small sedan, we can make that work. If you are looking for a van, we can make that work as well. Your options don’t have to be limited just because you have struggled financially in the past.

When you need a new car, don’t hesitate because you have bad credit. You do have options and we are here to help. Our solutions allow you to get approved for auto financing so you can improve your credit rating and purchase the car you have always wanted. Don’t wait to make these improvements to your life. Speak with a representative today to see what you need to do to get started.

Get Yourself Financed Today

If you’ve recently found yourself without a ride, you know how tough it can be to get yourself from point A to point B these days. Whether you lost your license, had to sell your car because the payments were too high, declared bankruptcy in the past, or had other financial trouble in the recent past, times can be tough for anyone—and often without warning.

Unfortunately, without personal transportation, it can be exponentially tougher to get back on your feet and start moving your life forward again. Simply getting to job interviews on time can often require planning, or hoping that your public transportation or ride shows up on time. Depending on the area where your new potential job is located, public transportation may not be convenient, making you have to walk a significant distance to arrive. If physical limitations prevent you from making this walk possible, you may be limiting your potential for earning much needed income.

For these reasons and many others, even if you have poor credit, you should look into obtaining auto financing. Bad credit auto loans do indeed exist, if you know where to look. In fact, our dealership actually specialize in bad credit car loans. They work with networks of banks and other lenders who are more flexible with their borrower requirements, which means they often provide a higher chance of getting your loan application approved at a lower rate.

If you are feeling embarrassed or nervous about applying for car financing with bad credit, don’t feel that way. When you come to a car dealership like ours that specializes in getting those with less-than-perfect credit approved, understand that this is what the team of sales representatives, loan managers, and support staff do for a living day in and day out.

They understand that nobody is perfect, and sometimes people wind up with bad credit through absolutely no fault of their own. Nobody should have to take the bus all the time or rely on friends or family for a ride. Come get yourself financed today.

3 Factors to Consider When Looking for a Used Car Dealership

People often dread looking for used cars, which is understandable since not every car dealer has an outstanding reputation. However, there are several factors you can use to narrow down which dealership you ultimately choose to work with. Keep these in mind the next time you are in the market for a used car.

Vehicle Selection and Availability

One of the first things you should consider when you are choosing a car dealership is whether or not the dealer offers the type of vehicles you are interested in. Not all dealerships are the same. The selection can vary depending on the location of the car dealership. Although car dealers can place an order for the type of car you are looking for, it may take a while before you actually get that vehicle.

Customer Service

Another key factor when it comes to selecting a car dealership to work with is customer service. You want to be sure you choose a used car dealership that places high emphasis on customer satisfaction not just making their monthly sales quota. One simple way to evaluate a potential dealership’s customer service is by looking at previous customer reviews.

Price Range

Finally, the price range of cars at a used car dealership can be another determining factor in whether or not you choose to work with that dealer. It is important to note that you shouldn’t choose a dealership simply because it has the cheapest prices. A cheaper price may cost you in another area such as good customer service. If you have the opportunity, try to compare the average costs of the car you are interested in from several different dealerships.

As you can see, these are just a few factors that you ought to think about when you are looking for used cars. Just remember to compare several different car dealership options before you decide to work with one.

What You Need to Know About Financing Used Cars

Buying a car is an exciting experience. The process of obtaining financing, on the other hand, is less joyful. We want you to consider these aspects about financing used cars so that your experience can be a good one.

Obtain Your Credit Report

Before trying to get financing you always want to obtain your credit report. Be sure to check it for errors and report them should you notice any. Your credit report can also help you identify aspects that you are able to improve, such as paying off some debt. Improving your credit score is helpful for getting a better interest rate.

Decide on the Budget

Reviewing your finances helps you figure out how much vehicle you can or want to afford. Take into account any fluctuating, fixed and unexpected expenses, such as fuel, insurance and maintenance. If you don’t care about make and model of the vehicle, you are more flexible in finding a car that fits your budget.

Know Your Financing Options

Contact your house bank for a direct loan. Often times they offer competitive rates for their customers. In addition to that reach out to local banks, credit unions and online lenders. The latter can be a good option if you have a bad credit score and credit unions are known for offering great loan terms. The car you have your eyes on must be able to meet the bank’s basic requirements. Get offers from multiple lenders to find the best rate.

You can also obtain financing through your car dealership. This is a smart choice if you are not keen on one specific vehicle. Most dealerships finance any vehicle on their lot, which opens up your options for getting a great deal. Furthermore, many dealerships offer financing for people with bad credit. It is recommended to put down some money in order to get the best interest rate. This is also important because cars depreciate in value and you don’t want to owe more on it than it’s worth.

Being smart in regard to financing a car can get you a great deal. Be sure to bear in mind these aspects about financing used cars.

How to Pay Off Your Car Loan Early

You have just chosen your new car and negotiated the terms to pay for it. You may be content at first, but that five-year note may take the edge off your excitement after a while. You may begin to feel as if there is no end in sight, but there are some practical ways you can shave quite a few months off the life of your loan and pay less interest overall.

Make Payments

The simplest way to pay off car loans in a timely manner is to make payments on time and never skip a payment. If your payment is late, the lender might tack on a fee to your loan principal. Not only does this increase the amount you owe, you will also be paying interest on that fee. Your lender may occasionally offer you the opportunity to skip a payment as a reward. While this may be tempting, fight the urge to skip. Skipping a payment only adds time to the life of your loan.

Round Up

Paying a little extra than the contract terms require each month is another good way to pay your loan off early. If you budgeted for $300 a month, but your finance plan only requires you to pay $250, go ahead and pay the higher amount that you planned every month. This not only takes months off the terms of your loan, it also lowers the amount you pay in interest.

Pay More Often

Some lenders charge penalties for making extra payments, but if your contract terms will allow for it, try to make an extra payment every once in a while. An easy way to do this is by making a half-payment every two weeks. Over the course of a year, instead of the 12 payments you would have made if you had paid once a month, you will make 13 full payments.

Your car loan may seem like it lasts forever. With a little extra effort, however, you can pay it off faster than you originally planned.