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Showing posts from October, 2022

What Is a Car Loan?

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Have you been wanting to buy a car but don't have the money to pay for all of it upfront? Don't sweat it— you're the farthest thing from alone in this situation! Matter of fact, most Canadians can’t afford to pay for a car off entirely. The good news it that you can apply for a used car loan  in these situations, and save yourself the stress of paying off a vehicle all at once. Good Fellow’s Auto Wholesalers has put this guide together so you can better understand all of the components of a car loan and how process works step by step. Let’s get started. 4 Components of a Car Loan Loan Costs The cost of a loan is almost always separated into two different sections. The first is the main amount and the second is the interest you have to pay alongside the main payment. The principal (main) is known as the amount of cash you pay for the vehicle at the beginning. The interest refers to the costs accrued over the length of the... Read More:  https://www.goodfellowsauto.com/what-...

Top 3 Car Financing Myths You Should Know

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Do you want the greatest shopping experience for buying your used vehicle? If so, then you should work with us! We have helped a lot of people find the perfect used vehicle for them. You might even know a friend or family member who has come to our dealership. We work with you to make sure you get the right auto loan and vehicle that fits your needs. Now, we are going to talk about the top 3 car financing myths in order to clear any misconceptions you have, so that you are able to have the best and most knowledgeable experience.   Myth 1: Poor Credit = No Car Loan   This is the most popular myth we are here to debunk. Even if you have bad credit, or even no credit, you can still get a loan. At our dealership, we provide everyone with financing options, no matter what your credit situation is. We believe everyone deserves to have a reliable vehicle and that shouldn’t be dictated to whether or not your credit score is good or not. That is why we work with you. Working with our ...