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Buying Your First Car In Canada A Step-by-Step Guide For International Students

Buying Your First Car In Canada: A Step-by-Step Guide For International Students

As an international student in Canada, you’re probably using public transport to commute to and from school. While public transport is quite efficient here in […]
3 Helpful Tips For Buying A Used Car In Halifax When You Don’t Have A Job

3 Helpful Tips For Buying A Used Car In Halifax When You Don’t Have A Job

Several reasons could explain why you’re not employed right now. But just because you lack a job doesn’t mean you cannot ever own a vehicle. […]
Tips-to-Maximize-Your-Returns

What’s the Trade-In Value of My Car? Tips to Maximize Your Returns

You might be planning to trade in your old car for several reasons. You might want to upgrade to a bigger and newer model that […]
Buy a Car in 2022

Is It Better to Lease or Buy a Car in 2022?

The economic scenario in 2022 looks relatively unstable. In this challenging financial market, purchasing a car with large monthly payments is a huge decision that […]
Excessive wear and tear quicken depreciation. Check out these smart tips that help you retain the resale value of your vehicle.

7 Smart Tips That Help You Retain the Resale Value of Your Car

You’ve probably heard that a car’s value depreciates as soon as you drive it off the dealership lot. Unlike other assets like a home or […]
Should I Buy a New or Used Car? Which Is Better?

4 Questions to Ask Yourself Before Buying a Car in New Brunswick

Are you thinking about buying a car? That’s a huge decision! Around 18.5% of the average Canadian household’s budget goes to transportation, including the costs […]
How Much Can You Afford To Spend On A New Or Used Car In Canada?

How Much Can You Afford To Spend On A New Or Used Car In Canada?

Wherever you live in Canada, be it Nova Scotia, Brunswick, Prince Edward Island, Newfoundland, Manitoba, Alberta, British Columbia, or somewhere else, having a car makes […]
Will A Nova Scotia Auto Loan Help Me Build My Credit Score?

Will A Nova Scotia Auto Loan Help Me Build My Credit Score?

Understanding auto loans can be tricky at first, especially if this is your first time buying a new or used car in Nova Scotia. Often, […]
If you just moved to Canada and you’re unable to afford a new car, you should consider buying a used car. While finding a good used car can be easy, finding a dealer that specializes in Nova Scotia auto finance is not always easy. You'll need to understand how car loans work and where it’s best to get financing. You must understand loan terms, and it’s best to have some credit history. If you're shopping for a used car, here are a few pointers you can use to find a great deal. 1. Where To Go If You Need Used Car Finance There are two main ways to secure a Nova Scotia auto loan: you can get a loan from an institution or from a used car dealership. Each route has advantages and disadvantages, and it's best to shop around to ensure you're getting the best loan possible. If you have a good credit score, consider approaching a bank or credit union for finance. The bank may even offer a discount interest rate or favorable payment terms. But it’ll be hard to get a loan from a bank in Canada if you just arrived, especially if don't have any credit history. Some banks do offer zero-credit auto loans, but these are usually only for new cars and the interest rates on these are high. You'll also have to fill out a lot of paperwork and wait for several days before the loan application is accepted. The next best thing to do is contact a dealer to get a Nova Scotia car loan. Used car dealers can get a loan approved quickly, and their terms are often much more flexible. Most used car dealers provide same-day financing, i.e. you can test drive a car in the morning and drive it away by the evening! At East Coast Financing, we offer auto finance, even to individuals with bad or zero credit. Our solution is especially helpful if you’re going through financial hardship, and we help individuals who are new to the country as well. We look beyond the user's credit rating and review their financial situation as a whole, and we’ll work with you to help you find a budget-friendly vehicle. 2. How To Find The Best Interest Rates? Before considering financing, you must first understand interest rates. Spend some time researching what these are. Even if you've found the right car, choosing the wrong rate can affect your financial stability. Ask these questions when looking at interest rate options: • Are they offering a fixed or a variable interest rate? • Does it help if you’re pre-approved for financing? Are you looking for to secure Nova Scotia auto finance? Visit our site to see your options.

The Best Way To Secure Used Car Finance In Nova Scotia

If you just moved to Canada and you’re unable to afford a new car, you should consider buying a used car. While finding a good […]
The Best Way To Secure Used Car Finance In Nova Scotia

3 Things To Remember When Shopping For Used Cars In Newfoundland

Some car shoppers are pretty shrewd, and they know what it takes to secure a favorable deal. Others, unfortunately, spend thousands needlessly, mostly because they […]