used car dealers Fort Saskatchewan

used car dealers Fort Saskatchewan

In 2017, 107 million Americans had existing auto loans, according to a report by CNN. This number translates to forty-three percent of the American population. This percentage was a significant variation from the eighty million people who had auto loans as per a study in 2012. Six million people stay behind their regular payment by at least ninety days and risk the possibility of repossession.

Most people do not know how to choose the best financing option. While it may seem as though alternating between a bank and a dealer does not have a significant impact, the numbers will prove otherwise. Neither a bank nor a dealer is inherently better. The particulars of your situation should guide you to choose one that will save both money and time.

Financing through used car dealers in Fort Saskatchewan

A dealer arranged financing option has the same working protocol as bank financing. The main difference is that the dealer will do a lot of the work on your behalf. They will fill out the credit application and submit it to their best lending partner. Alternatively, they can send it to multiple lenders, to give you an array of options in interest rates.

Our dealership is different from the typical financing option because we have a specialty of working with people who will not get a loan through the normal channel. Our in house system has a secure down payment and interest rate that will solve your financial woes. 

Benefits of choosing a dealer over a bank

You do not have to shop around for the best lending system. Mac James has the perfect lending system for your particular credit score. This case means that you only get to deal and shop in one place.

You may get a better buyer incentive program that you would from a bank, such as cashback bonuses on specific car models 

What to avoid while working with a dealer

  • Do not choose a dealer that has exceedingly high-interest rates. You will determine the sensibility of the offers by comparing several banking systems, and used car dealers in Fort Saskatchewan
  • Avoid dealerships that stretch the payment duration while leaving you with an upside-down loan. The best option will reduce your monthly payments while allowing you to maintain a healthy financial status
  • Be wary of a dealer that offers to repay a previous loan. Some will opt for the route so that they have enough leeway to increase the interest rate of the next one. Alternatively, they may add the final cost of the active one. Our sales agents and financial officers can help you compare various offers and choose a loan rate that has economic considerations
  • Beware of dealers that offer loans with conditional financing. This arrangement should ward you from driving off with a car that does not have a matured preapproval loan - returning a vehicle includes paying fees for wear and tear. Mac James has a smart financing system that deviates from yo-yo scams and maintains the utmost professionalism.

 

used car dealers Fort Saskatchewan
Mac James Motors
7804392277
9111 34A Ave NW
Edmonton AB T6E 5T6 CA

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used car dealers Fort Saskatchewan