Fast, Easy Car Loans

Negative past experiences with other dealerships may have convinced you that car financing is difficult and unpleasant no matter how good or bad your credit score is. Unlike so many other dealerships, we go out of our way to make your entire car shopping experience positive. In our philosophy, service is not complete until we can make every step smooth, including the loan. We recognize that for nearly everyone financing is inseparable from car buying, so we have found ways to streamline the process in order to make it easy on you. With our help, you can breeze through a limited amount of paperwork and quickly become approved for your loan.

We don’t believe in tricking you into your loan terms, and we do not feel that you should need an advanced degree to understand what you are signing. Loans through our dealership are clear, understandable, and lack fine print. When we establish acceptable financing terms with you, those terms are precisely what we deliver. We keep the inevitable paperwork as short as possible and we help you through it so that it goes quickly.

No one wants to sit around a dealership for hours while they wait for loan approval. Here you do not have to. Our goal is to qualify you for your loan in as little time as possible so that you can get on the road in your car. Regardless of your financial situation and credit score, we are determined to find the loan that best serves your needs. We regularly approve loans for those with low credit scores, excellent scores, and anything between. We are skilled at finding people the best terms and interest rates possible, and we are efficient so that we do not waste our customers’ time.

Come to Fraser Valley Pre-Owned so we can show you how enjoyable buying a car can be. We are not happy unless every part of your experience is positive, from the moment you step onto our lot until you drive away in the car of your dreams.

Ways to Finance Your Vehicle

Once you have chosen the perfect used vehicle to purchase, you will want to figure out how you are going to finance your new car. There are a few different methods you can choose from in order to purchase your vehicle including cash, lease, or car finance. Paying with cash is not very common among most people, but if you have the money to pay with cash, you should go for it. This will save you money on interest and other fees. Leasing can be a great option if you plan on getting a different car every few years. With this option, you are basically renting the car for a certain amount of time. You will find that the majority of people choose financing.

The most popular way to pay for a car is financing. Financing is when you make a monthly car payment for a certain number of months through a bank or other type of financial company. The bank or financial company will give you a loan to pay for your car now, and then you pay them back over time. This is a great option for people who are strapped for cash and cannot afford to pay for the whole car payment up front. It allows them to have time to pay a little bit at a time, until the debt is paid. In order to get a car loan, you need to have a credit score, preferably a good one. With a high credit score, you can almost guarantee that you will get the amount of money you need to pay for your car and that the interest rate will be low. Once you have completed all of the payments on the car, it is yours.

If you have found a vehicle to purchase, you will need to figure out the best way to finance it. You can choose to pay with cash, lease the vehicle for a set amount of time, or pay through financing. Financing will allow you to make payments over time so that you do not have to break the bank to get a new car. Apply today at Fraser Valley Pre-Owned.

What You Need To Know About Used Cars

There are numerous aspects to consider when purchasing a used car. Two key things to educate yourself on include how depreciation works as well as how to go about taking out a car loan if needed. If taking out a loan is not necessary, paying for your car in cash can save you a lot of money over time because you can avoid depreciation.

Going With a Used Car Can Be Beneficial

You have the opportunity to obtain the car of your dreams at a reasonable price and quickly. Additionally, negotiating a price down even further than the asking price is a possibility. Also, your options for which car to choose are endless because there are a ton of used cars to choose from.

Understating Depreciation

Unfortunately, cars lose value over time and the older a car gets, the less it is worth. Despite this, the biggest drop is in the initial uses of a car. Once the car has been owned for a long time, it looses less value than previously.

Taking Out a Loan

If you cannot currently afford the car of your dreams in full, taking out a loan can be a viable and advantageous option. Commonly, car loans are obtained through banks and after doing some research, you can seek out low interest rate options. Another financing option is to choose in-house financing which means a car dealer handles the financing. The main benefit of taking out a car loan is the fact that you can have a car you are not currently able to pay for in full. If you can pay for the car in cash, this can also be beneficial because you can avoid interest all together.

There are numerous benefits to purchasing used cars including the opportunity to obtain an amazing car at a reasonable price and the increased possibility in negotiating the price down to something you can afford. Additionally, even if you do not have all the money needed to instantly pay for a car, you can obtain a loan.

Car Loans Can Help Get You Back On the Road

Car loans can be difficult to acquire even under the best of circumstances. For those suffering from past financial hardships, such as filing for bankruptcy, finding the right loan for your needs can prove even more challenging. Many lenders are hesitant to offer loans to those struggling, even in cases where bankruptcy proceedings were all but unavoidable. In this event, after bankruptcy car loans can be a great way to re-establish good financial standing while also obtaining a reliable vehicle to get you to and from work.

While these circumstances can make securing the right loan a bit more challenging, there are steps one can take to ensure they’re afforded the best deal for their money. When seeking a loan, the right lender can make all the difference. Many post-bankruptcy car loans include higher-than-average interest to mitigate the risk associated with poor financial histories. This can result in paying for more for your car than the actual price, which will only add to further financial turmoil. However, a suitable lender can afford you the funding you need to procure a vehicle without incurring ultra-high interest rates in the process. In order to find a loan with reasonable terms, a bit of research can go a long way.

The internet can be a great place to start thanks to the abundance of resources related to finding an appropriate car loan for your existing financial outlook. Rebuilding your credit history is an integral part of remedying prior financial missteps, as well as keeping you on the right track in the future.

Additionally, procuring a vehicle can be crucial for finding a lucrative and rewarding job to get you there. With the right loan, you can easily bounce back from a number of financial woes, thereby increasing your ability to plan the sort of future you deserve.

What to Expect From a Used Car Dealership

If you’re going to buy a secondhand vehicle, you need to make sure that you know what you’re getting. The best way to be confident in the car you’re buying is by finding a trustworthy seller of used cars. If the dealership is transparent and upfront with the information regarding the vehicles, you should be able to find a good car and a good price.

Premium Service

Ideally, your car will come with a warranty of some sort that allows for a certain amount of standard maintenance. It’s always best to take the car back to the dealership, especially right after it’s been purchased, as the company’s mechanics will know exactly what’s been done to the car and will better understand any problems that arise.

Reasonable Financing

Buying a pre-owned car is a great way to spend less money on an automobile that’s still in great condition. If you’re able to get quality dealer financing, you can really get a nice car without breaking the bank. With good credit and a decent down payment, you should be able to get some excellent financing options from a dealership. Even if your credit isn’t the best in the world, you’ll likely still be able to work out an agreeable deal.

Excellent Variety

One of the best things about buying a used car is the variety of options to choose from. The price range is often rather wide and buyers frequently find cars that they never would have thought to look at until they’re on the lot and see an affordable model with great specs. If you search long enough, you’re bound to find something that works for you.

When you find the right dealership, looking at used cars becomes a much less stressful endeavor. Find a reputable company that offers the right services, and you’ll end up driving away with a dependable and affordable vehicle.

Finding a Used Car That Works for You

It’s always nice to get a good deal on a vehicle. However, paying a respectable price for a car that doesn’t fit your lifestyle isn’t necessarily a good move. When shopping for used cars, people should take their time and look at cars they will actually be happy owning. As you start your search for a pre-owned vehicle, keep these tips in mind.

Expand Your Research

The dealership down the road might absolutely have the right car for you. Even if that’s the case, it’s still worth comparing prices at a few different locations so you can be sure you’re getting the best deal. By checking around town to see the different options, you can inspect more vehicles and get a better idea of what you’re really looking for. It’s easy to fall in love with the first car you test drive, so fight that urge and shop around a bit before committing.

Cross Check Reports

Fuel efficiency is very important to a lot of people, but how do you define that efficiency? When compared to a giant truck, most mid-sized vehicles seem economical. You need to compare similar vehicles to make sure you getting the best of the best when it comes to the features that are most important to you. Looking over multiple vehicle reports will help with this.

Know Your Finances

Once you start getting comfortable behind the wheel of a vehicle, you might try to convince yourself that you can spend more than you initially planned. If you show up at a dealership with a good idea of your spending limit, it will make the conversation you have with the dealer easier and help you avoid making a costly decision.

When people set out to buy used cars, they need to look for more than just the best deal. Put in the time and research so you can get a pre-owned car that meets all your needs.

Understanding Which Car Is Right for You

When you start shopping for used cars, it quickly becomes apparent that you have plenty of options. With makes and models from every year imaginable, it’s easy to get overwhelmed and go with the first car within your price range. Instead of caving too early and not getting the best deal, you should learn more about how to shop for a preowned vehicle that will actually work for you.

Short or Long Term

Is this a transitional car or something you hope to drive into the ground? If you need this car as a short-term replacement, sticker price and fuel efficiency are probably your biggest concerns. Think about how long you’ll actually have to use the vehicle, and then assess which features you can live without. If this is the car you’ll be driving for the foreseeable future, the amount you pay upfront should matter less than how long the car is expected to last. A little extra money at the outset is well worth it if you get another five years out of the vehicle.

Exterior or Interior Issues

Both the inside and the outside of the car are important, but you need to focus on what is actually selling you on (or turning you off of) certain used cars. If you can get a good vehicle at a good price and the only thing giving you pause is the color, is that an issue you can overcome? Remember that cars can be repainted, and perhaps you can make it a goal to save up for a color change. Similarly, is a cosmetic issue with the interior enough to make you look past a good deal?

When you really look at the used cars in your area and try to think about how you’ll feel once the novelty has worn off, it becomes easier to identify your real needs. Make sure you put in this effort when you start shopping around

Smart Shopping for Used Cars

Buying a used car can be daunting if you haven’t purchased one before. There are always concerns about the condition of the vehicle, but if you work closely with a reputable dealer specializing in used cars, you can get a dependable vehicle for a great price. Asking the right questions and doing some research is part of the process.

Find a Dependable Make and Model

Online consumer groups can help you find makes and models that are rated well for reliability and low repair costs. If a car doesn’t have a good resale value, there may be a reason. Don’t forget to check gas mileage and maintenance costs as well.

Test Drive Used Cars

Never purchase any vehicles without taking them out for a test drive. Listen to the engine, pay attention to any knocking or pinging and get a feel for how smooth the ride is. When you test drive, make sure you take the vehicle on local roads as well as the highway. Trying a used vehicle under a variety of condition will help you narrow down your options to cars that you’re truly comfortable driving.

Get a Vehicle History Report

Request a vehicle history report from one of several online services. You’ll need the vehicle identification number (VIN number), which any auto dealership can provide you. You can also see it in the lower corner of the driver’s side window when you’re looking at it from outside. When you check the report, look for accidents, water damage and other issues that could affect the car’s performance.

Consider Other Costs

Insurance, monthly maintenance and fuel economy all figure into the actual cost of a car, not just the sticker price. Get insurance quotes, look into maintenance costs and check the mileage estimates. All of these will impact the car’s actual cost.

Proper research and working with a trusted automobile dealership will guarantee you the best price for your next used car.

Getting the Best Interest Rate on a Used Car

You’ve narrowed down your search for the perfect used car for your needs and budget and are ready to address your finance options. If you won’t be buying the car outright, you’ll need to finance it, which means paying interest. To avoid paying more than necessary for used cars, you’ll want to keep your interest rate as low as possible, which you can easily do with a few good tips.

Think About Financing Through the Dealer

While you might think financing your car through a dealer is automatically more expensive, the truth of the matter is that doing so could net you a pretty solid deal. This is because dealerships can offer incentives like zero-percent financing and other specialized low rates. Check to see what’s on the table before you think about financing elsewhere.

Consider a Certified Pre-Owned Car

It seems counter intuitive, but older cars usually come with higher interest rates when compared to newer models. Instead of thinking you’re better off with a new model, consider the fact that dealerships sometimes have zero-percent interest specials on their certified pre-owned cars. Be sure to ask about them as you’re walking up and down the aisles checking out cars.

Consider Your Term Length

If it’s at all possible, get a car loan with the shortest term length possible. The reason for this is that a shorter term length equals a shorter repayment length, which means a lower amount of interest paid over the life of your loan. Another great thing about getting a term length as short as possible is that you don’t have to worry as much about being upside down on your loan, which is what happens when you owe more on your car than it’s worth.

As you can see, there are several things you can do to keep the interest rate low on your used car. Be sure to put these tips to good use.

Buying a Used Car: How to Choose a Payment Option

When the time comes to buy a used car, there are many financial factors to consider. Perhaps your budget will narrow your used car choices, or you may not be aware of the payment options available. We are ready to show you some ways you can pay for your vehicle and to show you that the make and model you desire most may well be within your reach if you plan carefully.

Consider the Time Frame

As you consider payment options, one of the first factors you might want to think about is how long you will be paying for your car. Whether you secure a loan through the bank or choose in-house financing with us and depending on your credit, your loan could be as brief as two or three years or as long as five. It is important to understand the exact terms of the length of your loan before you sign off on a vehicle.

Give Yourself Time

Even if you find yourself needing a new vehicle for your commute to work or school, you should avoid jumping into a deal right away. Take the time to consider your options, as this may help you avoid hefty payments that might be hard to handle later on. For example, ask yourself whether your current car is a valid trade in or if you can secure a down payment that may help lower the cost of a vehicle.

Review Your Budget

One mistake many people make when they shop for used cars is to miscalculate how much they can afford to pay monthly. To avoid this error, you will need to factor more than just the car payment into your auto ownership budget. The cost of insurance, gas and other taxes and fees that will need to be paid when you purchase a vehicle should all be included in your budget to ensure you do not overextend it.

Buying a used car can be a challenge, especially if you are unsure of your payment options. However, being prepared and asking the right questions can help you get the car you want at an affordable payment.