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Find a Car Loan With Low Credit

Used Cars Calgary

A car is a significant investment; it requires consideration, planning, and of course, saving!

It’s no surprise that something as valuable as a car costs a lot, even if it’s used. In today’s economy, taking out a car loan is not uncommon. However, a car loan has some prerequisites that you need to meet to qualify for the loan. Like most loans, the primary concern is your credit score.

A low credit score is often a point of concern for lenders with a minimum credit score set for people to qualify. If you don’t qualify, you fall into the categories of nonprime, subprime, or deep subprime borrower. These borrowers pose higher risks to lenders, and they’re typically less likely to give them a car loan.

Still, there are ways you can qualify for a car loan even if your credit score is less than ideal. Your credit score is not the only factor that comes into consideration, and there are ways you can go around it. We’ve got all the advice you need right here.

If you’re looking for used car financing in Calgary, here are six pro-tips to getting a car loan with a low credit score.

Tips to Get a Car Loan with a Low Credit

Check for Possible Improvements

The first thing you need to do is check your credit score and figure out how you can make impactful improvements to it. This includes paying off your bills as soon as you get them, if possible. If that’s not possible, try to do it within the deadline. Another great way to improve your credit score is to pay off any debts you may have.

These both work in favour of your payment history and credit utilization ratio. Paying off debts also improves your financial standing, leaving you with money to spend on a car without feeling guilty for not paying back your loans.

Know Your Budget

After you’ve laid the groundwork for a car loan, such as doing the math with your credit and making any improvements, you can move on your budget. Set a budget for yourself that is reasonable and within your financial limitations. When determining a budget, consider the sum you need to put down as a down payment on your car.

Also, consider whether you can afford a brand new car or a used car in Calgary. Used cars are much more affordable and much easier to pay off. Additionally, you can look closely at your car’s monthly and annual expenses and pick a vehicle accordingly.

Down Payment

When buying a car through a car loan, you will typically have to pay a down payment on your vehicle. The bigger the down payment amount, the smaller your loan will be, and therefore the easier it will be to pay off. A large down payment also gives the car loan lender a better impression, making them more likely to grant you the loan.

Get Pre-Approved

A loan pre-approval is when a lender examines your financial records and credit score and tells you how much of a loan you qualify for. The loan you are eligible for is the budget you can set for your car, making it easier to pay off in the long run. Trust us, you don’t want to have a low credit score that goes even lower as you struggle to pay off your car down the line.

Look for the Best Option

There are numerous used car dealers in Calgary; some may grant you a loan, some may not. They all have different benchmarks and standards for loans, so you need to do your research beforehand. After all the finances are figured out, you can look around for lenders to help you qualify. There are lenders out there that specifically work with people with low credit, so it’s smooth sailing if you can find one.

How to Retain Your Car’s Resale Value

Used Car Trade-In Calgary

For many people, buying a car is a significant achievement. With a car your commute problems are solved, you can go wherever you want, whenever you want.

However, a car comes with responsibilities, especially in regards to maintenance. A vehicle requires significant maintenance to help retain value. Think about it, when you go to buy something used – do you gravitate towards clean, well-maintained merchandise or worn-out, scuffed-up merchandise? You’re also likely to pay a higher price for something that looks as new as possible than something that seems noticeably old.

When you’ve used your car and begin thinking about reselling it or trading it in at a used car dealer, you’re going to have your vehicle valued by the dealership. Your used car dealer in Calgary will estimate your car’s value based on its physical condition and other factors.

Tips on How to Retain Your Car’s Value

If you’re wondering how to retain your car’s value, you came to the right place! We’ve got some great tips on how to get the most out of your used car when it comes to trading in or selling privately.

Updated Documentation

Potential buyers typically run background checks on cars to ensure the vehicles are not stolen or illegally acquired. To give them peace of mind, ensure that you’ve got all the forms filled out and documentation compiled for your car. Cars with up-to-date documentation attesting to their ownership and legitimacy are valued higher than cars without any documentation.

Additionally, to be extra careful and thorough, you ought to save all the receipts that come with the changes to your car. So, for example, you had your car serviced or the oil changed; keep the receipt so used car dealers and potential buyers can trace the timeline. This will let them know that you’ve been taking care of your vehicle throughout the time you had it.

Appearance

To retain your car’s value for a vehicle trade-in or resale at a used cars dealer, you need to make sure your car’s appearance is in good condition. This means making repairs on any scuff marks, scratches or dents.

You may not know this, but your car’s headlights become foggy and smudged as they age, and your car can also develop rust; these are things you need to look out for, prevent, or fix before you have your car valued.

Maintenance

A lot of people let problems persist and sink in before they find the time to address it. We recommend trying to fix any issues that arise as soon as possible. Staying on top of things will retain your car’s value in the long run.

Customization

When you own a car, you might want to add some personalized accessories and customise your vehicle according to your taste. However, this might compromise your car’s value for resale and trade-in. Potential buyers don’t want giant customized stickers, covers, and other glaring modifications on the car. If you want to retain the value of your car, try to keep it in the same good condition you got it in.

Mileage

Keeping an eye on your car’s mileage is another important aspect of value retention. How many miles your vehicle has run is a deciding factor for its value. We don’t suggest not using your car; however, avoid using it if alternatives like accessible public transit are available.

Wear and Tear

Many people use their car for more than transportation; maybe to help out a friend who needs to transport heavy machinery somewhere, or perhaps to make some extra cash on the side by offering rides to people. Excessive recreational use can cause your vehicle to wear and tear over time, so we recommend being extra careful.

Interior

The interior of your vehicle needs just as much attention as the exterior. Seats can get worn, torn, and stained over time. You can take preventative measures like seat covers or get your car cleaned out before getting it valued.

Regular Servicing

Regular servicing is one of the best things you can do for your car. Servicing helps keep your car in the best condition so you can get the best value for it later down the road.

Used Car Trade-Ins Calgary

A car is an excellent investment if you do your best to take care of it while you have it. Follow these tips to retain your car’s resale and trade-in value in the long run. Contact us at Prime Autos if you are searching to trade in your used car in Calgary.

Leasing vs Buying a Car

Lease or Buy Car in Calgary?

Are you stuck between buying and leasing a new car? If so, then you have to the right place. Whether to buy or lease a vehicle is an ongoing debate for people that want to be in the driver’s seat. It gets even more complicated since both options have their advantages and disadvantages.

However, both options have different financial implications, and your decision narrows down to your budget, priorities, and lifestyle. When you lease a car, you will get the luxury to drive a new car every few years without ownership. With buying, you are guaranteed ownership, although at potentially higher monthly payments depending on if you choose a new or used car.

Buying a Car

If you are looking for a straightforward way to own a car, financing it may be the most suitable option. While financing a car can be expensive initially, it can save you a significant amount of money in the long run. You often have the opportunity to refinance your loan to shorten its terms and lower the interest rates and monthly payments.

The benefit of buying a car is that you will get to own it one day after fully paying it off. This means that you won’t need to pay more and you can do whatever you like with the car. Unlike leased vehicles, you will enjoy the luxury of modifying the car and selling it when you want to. Plus, you won’t need to worry about excess mileage.

Pros of Buying a Car:

  • Ability to own the car
  • No mileage limits
  • Ability to customize the car to improve performance and comfort
  • No charges for wear and tear
  • Lower insurance premiums

Cons of Buying a Car:

  • Monthly payments are higher on new cars
  • Requires a high down payment
  • Depreciation can reduce the value of the car

Leasing a New Car

For some people, leasing can be more appealing than buying because of its low monthly payments. This process involves renting a car from a car dealership a specified period. This can be for one year, two years, or three years and you will be required to make monthly payments.

At the end of the set lease period, you need to return the car to the used car dealership.  Since you are not paying for the entire purchase price, the monthly payments made when leasing can be lower than buying.

If you want, you can lease another newer model with advanced features and technology. Also, you can choose to purchase the car at the end of the lease period. The best thing about this is that you can sometimes get a bargain depending on how the depreciation was measured.

Also, the lease comes with an expected mileage for which you can drive the car each year. Your monthly payment will increase if you exceed the maximum number of miles set and specified in the contract.

Pros of Leasing a New Car:

  • Lower monthly payments
  • Requires little to no down payment
  • Ability to drive a new car every few years
  • It comes with tax advantages for small business owners
  • Generally all within warranty period

Cons of Leasing a New Car:

  • You don’t own the car
  • Requires additional insurance coverage
  • Annual insurance cost is higher
  • Less customization flexibility
  • Requires a down payment for the best terms
  • Mileage restrictions
  • Charges for excessive wear and tear

Final Verdict

Whether you want to buy or lease a car, both options have their pros and cons. The most obvious upside of buying a car is ownership once it’s paid off.  The process is also very straightforward, and you will enjoy lower insurance premiums and greater flexibility.

On the other hand, leasing may be worth considering if you want a short-term financial impact. While this option involves lower monthly payments, the insurance premiums can be costly, and you won’t claim ownership unless you decide to buy the car after the lease.

Whether you choose to buy used cars in Calgary or lease a new one, make sure that you consider your lifestyle. Be realistic about your budget and decide the best option for your needs.

Oil Change Guide

Used Cars Calgary

Oil Change Guide

Is It Necessary to Change Your Oil?

Proper maintenance is critical for any vehicle. To keep your car and truck running smoothly, changing oil frequently is essential. You can visit a local car mechanic, but changing your oil is a simple process that can be done at home if you have space and tools.

How Can I Change My Oil?

1. Oil Level

Before you start draining used oil, look for the preferred type of oil you will need to replace the used one. Then, check your manual to see how much you will need before draining and have the same amount which you will use to replace. Most importantly, you need to have at least an extra amount for emergency purposes in case of spills.

2. Assemble Your Tools

Some materials and tools are required before starting the oil change process. The following are the items necessary to change the used car oil effectively:

  • Brand oil filter
  • New Oil
  • Drain plug cleaner
  • Funnel
  • Drain jug
  • Wrench
  • Ramps
  • Rugs
  • Protective gloves

It is recommended that you gather your tools beforehand to avoid rushing in different directions, which can cause confusion or even accidental oil spills. This method also will reduce the effort input you use when rushing and reduces time wastage. All the supplies should be closer to you, including filters.

3. Car Preparation

An effective oil change should be done when your car is warm. When it is cold or too hot, the oil change process will not be successful. For safety, you can as well change before setting into any task.

4. Remove Old Filter and Oil

Place the filter together with the drain plug and drain all the oil carefully. Place the drain jug under the drain plug to collect the drained oil to avoid spills. Once it is all drained, clean the drain plug and make an immediate replacement if required while tightening the plug. The next step is to remove the oil filter with the drain jug beneath. Have rags near you to clear up accidental mistakes.

5. Install New Filter and Oil

Install new filter and tighten well to prevent excess oil spillage. Add your new oil at a tilted angle to avoid spilling to oil surfaces. Then run the engine for about 30 seconds for complete oil circulation. Shut it down and allow it to cool while looking if any part is leaking. Confirm oil level again and if it is less, add the remaining. Lastly, dispose well your old oil and filters, and at this point, you are good to go. In regard to waste oil, most auto repair shops can take your used oil with no charges.

Used Car Dealers in Calgary

Prime Autos offers used trucks, vans, and cars at a fair price. Our used car dealership in Calgary has fair prices and friendly staff workers with excellent knowledge and understanding while working with clients. Prime dealers aim to ensure the provision of better-used cars that perfectly suits your budget and lifestyle.

All the used cars have been carefully inspected and serviced to a satisfying condition. Car selection is also varied as they cover all kinds of drivers generally. Whether you need a truck for use during harsh winter or fuel-efficient cars, then you are all covered. Prime autos offer the opportunity to clients with any credit score.  They also approve financial statements at flexible rates. Prime Autos will help you find a vehicle that fits your lifestyle and budget.

Life Saving Driving Tips for Beginners

Used Car Dealer Calgary

The number of people who drive cars has increased over time. However, owning a car comes with many responsibilities, and the top priority should be driving safely.

Because road accidents can happen to anyone, it’s crucial to familiarize yourself and practice the foundations of safe driving. Defensive driving is an essential practice when driving a car that can minimize danger and road accidents.

So, to avoid distractions and help reduce casualties, here are 15 life-saving driving tips for beginners that can help you keep safe while on the road.

Inspect your car before hitting the road

Check your car’s condition before driving, especially when you’re heading for a long drive. Whether it’s a brand new car or a pre-owned one you bought from a reliable used car dealer in Calgary, you still need to inspect before getting in to ensure everything’s working well.

Pay attention when driving

Keeping your focus on the road and staying alert can prevent accidents. Moreover, you must always follow traffic rules because you can’t always expect other drivers to do the same. Lastly, it is also crucial to avoid distractions such as multitasking or using your phone.

Maintain the correct speed limit

Overspeeding is one of the most common road violations. This act is not only illegal, but it also poses a danger to everyone present on the road.

It reduces the chances of responding in time to inevitable circumstances such as animal crossing or another car crashing when you’re driving fast. Therefore, staying at the indicated speed limit is essential.

Put your seatbelt on

Undoubtedly, wearing a seat belt while driving can save your life. It is indeed the most beneficial safety feature in every car. In cases of accidents, wearing a seatbelt can minimize fatal injuries.

Drive slowly during a bad weather

Bad weather such as fog or heavy rain is inevitable, and the safest thing to do is to slow down.

Avoid driving when you’re under the influence of alcohol or stressed

Everybody knows that driving and drinking are dangerous, and alcohol-related crashes and accidents are still common. Stress is another factor. It would be best if you had a free mind to make sound judgments when driving.

Be familiar with blind spots

Always know your car’s blind spots and be careful when doing a maneuver like backing out and changing lanes. Moreover, always be mindful of your rear and side mirrors.

Avoid sudden swerving

New drivers should avoid sudden diversions and turns, as these pose risks and can result in accidents. These can also be distracting to fellow drivers, which can result in accidents.

Be careful when changing lanes

Proper judgment is the key in driving, and this can be tested when changing lanes. Beginners often miscalculate the right time to change lanes as they reduce speed when doing this.

Therefore, you need always to pay attention when changing lanes and don’t forget to check your mirrors.

Give way

Respect others’ right of way all the time. Stubborn drivers are always present, so it is better to give way than risk getting into an accident. Also, avoid blocking the driveway by staying in front of a passageway as it is hazardous.

Keep your distance

Avoid driving too close to the other cars. Instead, allow enough space between you and other vehicles to give yourself and other drivers to react in case of accidents.

Avoid getting items that fall to the floor

As mentioned, you should pay attention and keep your eyes on the road all the time. Therefore, prevent getting distracted from things falling on the floor and avoid trying to retrieve them while you drive.

Always have needed items near you

It would be best to have everything within reach when driving, such as mobile phones, toll fees, passes, etc. This will help you keep your eyes solely on the road.

Keep your headlight on during bad weather

Visibility is poor and risky during poor weather. Therefore, it’s best to turn on your headlights so that other motorists will know you’re there.

Do not attempt to tailgate

Tailgating is an aggressive act that can cause road accidents. Driving close to the rear of another car and flashing your lights and honking can lead to feelings of panic and aggressive behaviour.

Final Thoughts

There are a lot of safety precautions to consider, especially as a beginner on the road. Therefore, it is better to start practicing safe driving. After all, the important thing is you reach your destination safely.

Tips for Buying a Used Car

Used Cars Calgary

Used Car Buying Tips in Calgary

Buying a used car is a wise decision, especially if you want to save more money. However, there are pitfalls in buying used cars. While it’s practical and affordable, a used car’s condition will depend on different things, such as mileage, maintenance, and engine quality.

Because of this, knowing how to avoid expensive mistakes in purchasing a used car is significant. With that said, below are ten tips to consider that can help you buy the best quality used car in the market.

Do your research

Purchasing a used car in Calgary should start with doing your research. After all, shopping for the right car can be intimidating, so you can talk to friends or go to a used car dealer in Calgary to ask about a specific car you are looking to buy.

In addition, searching for information on the internet is also a helpful technique for checking the car’s reputation. Having enough information about the car that you’re eyeing can avoid costly mistakes.

Checking the car’s history is a must

In addition, look for customer reviews to give you an idea of which car to buy and avoid bad experiences before visiting a car dealer.

Moreover, it would also be good to check on the car’s history to get a list of the car’s previous accidents and other car issues and stories that you must know.

Do a thorough car inspection

A thorough car inspection is necessary before buying to check on a used car’s quality. One technique you can employ is to inspect the car in the daytime to see the paint and quickly notice spots that do not match.

This indicates that the car was previously scratched and subsequently fixed with fillers. Another strategy you can use is to check the engine bay and inspecting for any filler marks, which will give you an idea that the car had a front-end accident.

Lastly, check the parts that matter, such as wipers, air conditioning, lights, seat belts, cushions, locks, etc.

Be a practical car buyer

If you’re buying a used car in Calgary, assessing what you want and need in a car is crucial before purchasing a car. In fact, avoid searching for cars that you don’t need or won’t use.

Get the service records list

Like checking its history, you also need to collect the receipts or logs issued to the car to get information on its service history. Doing so will give you a clearer idea of its condition.

Budget for repairs

It’s only natural, expected even, for used cars to have some wear and tear. Because of this, you need to know that you might be replacing worn parts if you opt for one. Delaying these replacements might mean more cost for you later on.

Do not forget to test drive

Before buying a used car, you must do a test drive to ensure that it is in good condition. In addition, this will also protect you from having buyer’s remorse after purchasing.

When doing a test drive, it would be helpful to list all the issues that you have encountered while driving it. This will help you make a more informed purchase.

Apply for car financing before shopping

Availing of car financing can make negotiations more manageable and quicker, so make sure to apply for one before going to a used car dealer in Calgary. Aside from this, it can also give you a clearer idea of what type of car you can afford.

Negotiate properly

Before buying the car you want, ensure that you do the appropriate research and have all the relevant information. Doing so will help make negotiating smoother and more seamless.

Moreover, it would be best to inquire or negotiate on the phone or by email. Doing so will help you avoid impulsively purchasing a car while talking to a salesperson.

Understand your rights

As a car buyer, it’s vital always to know your rights. So, make sure that you’re informed of the car’s return policies and warranty packages.

Conclusion

Buying a used car in Calgary is no easy task, especially if you’re unsure where to start. With that said, hopefully, the tips mentioned above were helpful to you so you can make a more informed decision before you go to a car dealer.

How Many Kilometers Are Too Much for a Used Car?

How Many Kilometers Are Too Much for a Used Car?

Cars provide faster movement and allow easy access to various locations, particularly in far-flung areas where public transportation is difficult. In countries where most of the population is working 40+ hours per week, cars are necessary to help ease the workload. In a survey conducted last 2017, approximately 90% of the households in the United States own at least one light vehicle, i.e., sedans, light trucks, and similar vehicles.

Used Car vs. Brand-New

If you are looking in the market for a car, one significant consideration is whether to buy a new car or a used car. Of course, many people would immediately opt for a brand-new vehicle. It is a good choice, but you might not be able to get the most of your money, especially if you plan to let go of your car in the future.

Brand-new car owners take the most hit of the depreciation of the car’s value, costing owners thousands of dollars when they sell their vehicles after only three years of use. Because of this, a used car might give you more for your money than a brand-new car.

When searching for a used car, mileage is generally a consideration or at least a question in everyone’s mind. How many kilometres are too many for a used car?

As reflected in the odometer, the car’s mileage is often the benchmark used for the car’s reliability. Unfortunately, however, there is no hard and fast rule for this.

Car Mileage: What is a Comfortable Limit?

The average use of a car will have a mileage of 18,000km per year with average ownership of 11 years; this puts the maximum mileage of a vehicle at around 200,000km.

Recent technological advancements in car engineering allow cars to run more than 160,000km without significant repairs, provided that the vehicle is well-maintained and serviced as needed.

Considering this information, the mileage in the odometer should not be the only basis when looking at used cars. Since there is no exact mileage that can be regarded as too many for a used car, there must be other contexts to check the viability of a used car.

It would be best to consider age, brand, and year model of the used car, level of use, number of owners, among other factors when looking at cars. Sometimes, you will encounter a used car with  120,000km being more expensive than a used car with 80,000km. It could be more costly for the first car because it only has one owner and has been regularly serviced by the owner. On the other hand, it may be more affordable for the second car because it went through five owners, neither of them caring for the car’s maintenance, and some parts need repairing or changing but nothing major.

Therefore, it’s essential to get a whole picture or history of the used cars you are looking at. After all, mileage is only one part of the car’s history. Most used car dealers have details about the car’s previous owners, what kind of services the car has undergone, and other information to help you decide whether this used car will still be helpful.

In cases where you cannot obtain the car’s history, it is best to steer clear away from it because you might end up spending more on the repairs and costing you an equivalent of a brand-new car.

Conclusion

So, for those looking for a used car in Calgary, there are many reputable choices. You can visit a used car dealer in Calgary, such as Prime Autos, to search for your ideal vehicle and assess if the car is worth your money. If you are unsure about going by yourself, it would be great to bring a professional car mechanic or an expert in used cars to help you assess the used cars you are considering.

Best Time to Buy a Used Car

Used Cars for Sale Calgary

When to Purchase a Used Car in Calgary?

Even with discount offers, purchasing a new car is a big expense. If you are looking to save more funds and yield higher returns in the long term, the best option is to choose a used car. Instead of dwelling too much on the short-term benefits (like that new car smell), it is advisable to make a long-term investment.

Reasons to Purchase a Used Car

  • Second-hand cars have already depreciated, meaning your vehicle will not lose half its value within the first few years
  • The price is usually negotiable on a used car
  • There are fewer dealer fees, and if purchasing privately, you can even avoid GST
  • Most dealerships will inspect and repair any issues with used cars for an easy sale
  • The warranty of a used car can generally be transferred easily

Here are the instances when it’s considered as the best time to purchase a second-hand car:

Consider Monthly, Quarterly, and Annual Endings

Being a used car dealership will require the seller to have a quarterly, monthly, or yearly financial target. The goals and targets are to ensure that the dealership can grow and generate profits. Purchasing a used car near the end of a period will help a client buy at a discounted rate without compromising the quality. Take advantage of this timing to get in touch with excellent deals.

Certain Holidays

The best time to buy used cars is during holidays where exclusive deals and special offers are available. Some of the holidays to prioritize buying a used car include Christmas, Black Fridays, and Remembrance Day. Since dealers must close the financial years and ensure the targeted revenue is attained, they set affordable rates without interfering with the quality.

Varieties of new cars are sold out during the holidays weekends compared to the regular days, resulting in a rise of trade-ins and lease returns in the market. In addition, the increase of used car inventory during the holiday weekend motivates dealerships to sell at a discount.

Prioritize Off-season Deals

Off-season periods control the supply and demand forces exceedingly. Therefore, there are times when the demand for used cars is high compared to the new vehicles.

New car dealers transfer stock countrywide to control the supply and demand forces. Therefore, buy a second-hand car from a used car dealer in Calgary who maintains its inventory annually and set discounted rates.

Take Advantage of the Winter Seasons

Like other ventures, getting the best deals for used cars depends on the times of the year. Besides, most clients avoid test driving and buying vehicles during the winter seasons, resulting in lower demand. Therefore, it is advisable to take advantage of the winter seasons to enjoy the best-used car deals affordably.

Be Patient on Recent Models

The model of any car matters a lot when a client is looking forward to saving a significant amount of funds in the long run. You can achieve savings by acquiring a used version of an updated or redesigned model. Most buyers look forward to buying cars with the most recent technology and mode. As a result, the rates for the previous models fall as the new versions are introduced in the market.

Purchasing any car, used or new, will require one to prepare by planning and saving where possible.  Paying attention to the above tips will help you make a well-informed decision on the best-used cars to buy. Knowing the best time to buy a used car will reduce the hassles during the finding process. It also eases the entire process enabling the clients to save more funds in the future.

Feel free to browse our used cars for sale in Calgary and reach out if you have any questions.

Tips for New Drivers in Calgary

Used Cars Calgary

Tips for New Drivers in Calgary

Whether you have just purchased a new or a used car, the idea to get on the road can be exhilarating. It feels liberating, and it seems to open up a whole new world for you to take on and explore.

However, as a new driver, you need to know several safety driving tips to ensure the safety of yourself and your passengers on the road. Here are some safe driving tips that you should keep in mind to boost your confidence and keep you alert while on the road:

Always Prioritize Safety

Always abide by speed limit signs you see on the road and avoid speeding. There’s a 3-second rule that many responsible drivers follow when they’re behind the wheel.

Check the vehicle in front of you and start counting when they have passed a particular object on the road. The thing can be anything – a tree, a post, or signage. If you get to the same point without finishing the three counts, it means that you are too close with the first vehicle.

When this happens, make sure that you slow down to keep a safe distance between your vehicle and the other cars. When you are constantly speeding, you will have less time to consider other drivers on the road, and you will also have less time to think about what to do in case of unexpected situations.

Safe driving also includes a well-maintained vehicle. Schedule your car for routine maintenance, including tire rotations and oil changes. You will feel safer when driving a car that won’t fail you in case of sudden mishaps.

Never Drive While Intoxicated

You should know by now how many lives have been taken by drunk driving. Having a license doesn’t give you the freedom to get behind the wheels when you are intoxicated. Never get behind the wheels even when you’ve only had a little to drink, or you are confident you are not drunk.

Wait until you are sober before driving. However, if you need to go somewhere urgently, it is best to ask someone to drive you. Alternatively, you can hail or book a cab instead of driving while intoxicated.

Keep an Emergency Supply Handy

Anything can happen while you are on the road – bad weather, mechanical failure, or bad traffic. Even well-maintained vehicles will fail you sometimes depending on the external factors you have encountered on the road.

Therefore, it is best to bring your emergency tools onboard. This may include jumper cables, spare tire, wheel wrench, jack, extra batteries, fire extinguisher, and first aid kit.

It would be best to prepare for sudden traffic jams or road trips not going as planned. Always carry snacks, water, and non-perishable food items, such as dried fruits and granola bars.

If you just purchased a used car in Calgary, it is crucial to get adequate car insurance coverage. Coverage will help you manage the financial impact arising from accidents and other causes of car failure.

Make it a Habit to Wear your Seatbelt

A seatbelt is a must for drivers and other passengers in the car. Do not wait until you have a severe injury that would have been prevented by wearing a seatbelt.

Take Care of Your Tires and Brakes

If you want to come to a halt, it is best not to accelerate but get your foot off the gas instead. Defensive driving will save on gas and reduce wear and tear for your tires and brakes. Also, do not hesitate to check the condition of these parts before you close a deal with a used car dealer.

Used Car Dealer in Calgary

While it is exciting to purchase your first used car in Calgary, you must never overlook the responsibility that comes with driving. Once you get behind the wheel, you must always consider your safety and others on the road. The team at Prime Autos takes pride in providing safe and reliable used vehicles, and we want new drivers to feel comfortable on the roads in Calgary.

Used Car Financing Tips

Used Car Financing Calgary

Used Car Financing Tips

Buying a used car is a great way to cut on the expensive costs of a new ride. However, if you are looking to purchase one, there are things that you need to keep in mind to get the best possible deal. While there are numerous financing options for used cars on the market, not every option may be suitable for you.

If you are looking for used car financing in Calgary, here are tips that can help you.

Understand How Much You Can Afford

The car may be used, but you still want to ensure that it is within your budget. Figure out what you can afford while keeping in mind the monthly car loan payments and other expenses like insurance and fuel. Once you know how much you can afford, it will be easier to find the best used car financing option from a reliable used car dealership like Prime Auto Calgary.

Understand Your Credit Score

Before you visit a used car dealer, it is recommendable first to check your credit rating. Your credit score will give details of your credit history and most lenders to decide whether you qualify for an auto loan or not. If you have a low credit score, lenders are unlikely to give you a loan.

Fortunately, it is still possible to get a car loan even with a low credit score. However, the downside of this is that you will end up paying a high interest rate. Therefore, it is best first to determine your credit score and think carefully about getting a car loan if your credit is poor.

Consider Pre-Financing Options

If getting financing from a used car dealer is not an option, consider financing from institutions like banks, community banks, finance companies, and credit unions. Numerous financing institutions may be willing to give you financing at a manageable interest rate.

A good strategy is to get quotes from multiple institutions and make a comprehensive comparison before deciding. In some cases, you may want to get the quote in writing and present it to your used car dealer and see if they are willing to lower their interest rate.

Down-Payment

It is advisable for any used cars Calgary shoppers to make a 20% down payment. By making a significant down-payment, you increase your chances of getting a good deal on your used car loan. Putting as much money down as possible decreases your loan amount, making it possible to get a shorter loan term.

It can also give you the advantage of making lower monthly payments and significantly decreasing your loan-to-value (LTV) ratio. When your LTV is lower, the lender is more likely to give you a good deal on your car loan.

Another benefit of putting as much money down as you can is that it lowers your chances of getting negative equity. This means that you won’t owe the lender more than the car’s worth, especially in cases where something happens to your car while you are still in the process of completing the loan.

Negotiations

When buying a used car, always negotiate the price. Unknown to most people, you have room to negotiate for your car purchase whether or not the car dealership is arranging your financing. At the end of the time, you want the best deal possible, and the dealer wants to make a profit.

If you are doing a trade-in and still want used car financing, make sure that the transactions are dealt with separately. Otherwise, salespeople are skilled and may confuse you to think that you are getting the best deal on your trade-in.

Make Cash Payment for Other Fees

After getting financing for your used car, consider paying for other fees like sales tax, documentation, and registration with cash. Otherwise, most dealerships will add these fees into your financing, and this can give you negative equity. Consequently, this will increase your auto loan, and you will pay more than the car’s actual value.

Used Car Financing Calgary

Because of the vast range of used car financing options available, finding the best deal for you can be overwhelming. Plus, there is a lot to consider to ensure that you finance your used car the smart way. Fortunately, Prime Auto Calgary can help you finance your used car successfully.

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