Dealership financing simply means getting financing through the sellers – the dealership. The contract is created with the dealership and the customer, whereby he or she buys a car and agrees to pay, over a set period, the amount financed plus the interest rate. There is usually additional options such as extended warranties or insurance that should be considered when finalizing your monthly payment. Working with a dealership for auto finance 2 primary advantages:
As a dealership, we offer a wide range of options with our vehicles as well as financing solutions. It truly is a one stop shop when working with a dealership versus a bank.
We have tight relationships with a wide range of banks and finance institutions, which means we can offer our valued clients a variety of options to be able to make an informed decision and get you the most competitive rates.
Getting a car loan in Canada is easier than ever. The requirements are simple and can be approved within minutes of your online application. Just make sure you are working with a dealership who is transparent and helping you choose a realistic monthly payment in order to rebuild your credit.
Your car loan interest rate might be higher initially because the bank will consider the risk which is typically higher when reviewing someone with bad credit. Don’t let that be discouraging. Once you have made payments for a period of time, you can qualify to re-finance and even up-grade your vehicle. Rebuilding credit is not always easy but IT IS possible.
We pride ourselves on being a reliable solution for auto financing. We understand it can be challenging trying to choose best dealership or interest rate so we have simplified the process for our clients and are ready to help you. Don’t spend your time driving back and forth to dealerships and banks when we can get your everything you need from your smart phone, within less than 24 hrs of your application.
We work primarily in Western Canada so when you are ready to apply for a car loan online, Alberta 1 Auto Loans is the place to start search. Everyone’s situation is different and interest rates will reflect that so don’t get discouraged if your interest rate starts off high, we can always work to lower it once payments begin and credit is repaired.
