How to Get the Best Deal on a New Car? | Auto Loan Approval Tips | Tips For Getting the Best Auto Loan Approval

Tips For Getting The Best Auto Loan Approval

By Auto Loan Specialist

When You’re searching for your future vehicle, you want to set yourself up for success. We want you to get the best price, interest rate, and terms. There is nothing worse than a Canadian settling for a vehicle they didn’t have their hearts set on, for a price that is way beyond what they can afford. Auto Loan Specialist wrote this article to set you up for success.

 

Trick 1: Know Your Credit Score

 

Your credit score is one of the most important factors for securing you a low interest rate, with a payment you can afford. Be informed with where you currently stand with your credit and your past credit history. If you are informed you can use this to your advantage, and make sure you’re not being taken advantage of.  Below you can find the contact deals of the two major credit reporting agencies of Canada Equifax and TransUnion:

 

Equifax:

 

Web: www.equifax.ca

Toll-free number: (800) 465-7166

 

TransUnion:

 

Web: www.transunion.ca

Toll-free number: (800) 663-9980

 

Use these contact details to grab a copy of your current up to date credit report.

 

Trick 2: Down Payments 

 

Most experts recommend putting a downpayment of 20% of the price as this will offer you a higher equity loan. Down Payments can also qualify you for better terms and interest rates with lenders.

 

‍Trick 3: Get Pre-Approved With Auto Loan Specialist

 

When you apply for an auto loan with us, we will match you with one of our many dealer partners across Canada. They will find you a vehicle that best suit your needs and budget. By using Auto Loan Specialist, you and our dealership partners will know exactly what you’ve been approved for, and what your budget is. We will find your dream vehicle at a price, payment, and interest rate that fits your needs.

 

We would love to help you find your next vehicle at the absolute lowest possible interest rate!

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