3 Brothers Autosale

DECEMBER 20, 2023

This not only makes your monthly payments more manageable but also ensures that a significant portion of your payment goes towards reducing the principal amount. Negotiating Power for Used Car Buyers Walking into a dealership with a good credit score is like having a secret weapon in your arsenal.

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Shawn Ryder

JANUARY 22, 2025

Average Used Car APR in Ontario The specific APR you might qualify for can vary widely, depending on several factors such as credit score, the lender’s policies, and the vehicle’s age. However, as a general guideline: Well-qualified buyers may see APRs ranging from 3% to 6% for used vehicles.

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Shawn Ryder

JANUARY 18, 2025

Typically, when leasing, you’ll come across various requirements including credit checks, proof of income, and possibly a sign-on fee (often referred to as a down payment or capitalized cost reduction). This fee can reduce the monthly payments but is not always necessary. What is a Sign-On Fee? Heres how: 1.

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Car Examer

OCTOBER 29, 2024

Down Payment A down payment reduces the amount you need to finance, which lowers monthly payments. A larger down payment now can mean less strain later. Monthly Loan Payments If you’re financing, the monthly payment amount depends on the loan’s term and interest rate.

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Shawn Ryder

JANUARY 19, 2025

While longer terms lower monthly payments, they typically increase the total interest paid over the life of the loan. Down Payment Putting down a larger down payment can significantly reduce your loan amount, leading to lower interest rates and monthly payments.

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Shawn Ryder

JANUARY 18, 2025

In this blog post, we will explore the intricacies of automotive financing, including how interest is determined, what factors influence the rates, and how manufacturers and dealerships play a role in this process. The loan is secured by the vehicle itself, meaning if the borrower fails to make payments, the lender can repossess the car.

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Your Car Buying Advocate

JULY 31, 2023

Knowing if you’re paying the right price or how to talk it down can be hard. We’ll explain these terms in a way that’s easy to understand, so the next time you’re at the dealership, you’ll feel like a car-buying expert. In today’s market, dealerships are adding markup’s. Strange, right?

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