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Why You Should Care About Good Credit Auto Financing?

3 Brothers Autosale

Considering the importance of good credit auto financing, let’s look at some valuable insights and tips for used car buyers looking to make a smart investment. Understanding Good Credit Auto Financing Good credit isn’t just a badge of financial honor; it’s your golden ticket to favorable auto financing.

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Negative equity in car – cover with down payment or use for newer vehicle?

Shawn Ryder

If you’re considering whether to apply your down payment toward covering negative equity or if you should use it for a newer vehicle, it’s essential to understand the implications of each choice. These losses can sometimes outpace the rate at which car owners pay down their loan balances.

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Do manufacturers calculate interest and add to the loan?

Shawn Ryder

When it comes to purchasing a vehicle, many potential buyers consider financing options. 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.

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Learn the Basics of Car Financing Here

Davey Auto Sales

What You Need to Know About Car Financing Buying a car is a significant deal in life. However, there are still some things that you need to know about car financing before you visit us. Our team put together this guide to help people get a basic understanding of car financings key concepts. Follow along with us below.

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Used Car APR in Ontario Canada?

Shawn Ryder

When considering purchasing a used car in Ontario, Canada, one major financial aspect to be aware of is the Annual Percentage Rate (APR) you might encounter when financing your purchase. In Canada, lenders are legally required to disclose the APR, allowing consumers to better compare financing options from various providers.

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What Determines the Equity in a Vehicle: How is it Calculated?

Shawn Ryder

Amount Owed The amount owed on a vehicle refers to any outstanding loan or financing balance. This includes the principal amount borrowed, interest, and fees that need to be paid back to the lender. If the equity is positive, it can be used as a down payment for a new car or to pay off debts.