Let’s get this summer into high gear

May 22, 2019

So, you’ve decided to purchase a car. Congratulations! That’s the first step in the long and winding decision-making process, ranging from things like make, model, and year, to colour, if heated seats are really necessary (in Manitoba they just might be), and a whole whack of other details you’ll want to consider.

 

If you’ve decided to finance your vehicle, you’re probably debating on how to do so. Financing through the dealership or taking out a loan with a reputable financial institution are two options. And, although we can’t advise which one makes the most sense for you (because sometimes it just depends on your current financial situation), we can break down the pros and cons to help you be as informed as possible.

 

Dealership

 

The dealership is truly a one-stop-shop. You can choose your vehicle, finance it, and drive it off the lot all in one day. If you’re in the market for brand new, you may catch special deals like 0% financing or rebates. However; you’ll need to keep a close eye on fine print. It’s easy for administration costs and additional payments to sneak up on you. Plus, the high-pressure sales environment isn’t for everyone, but if you can properly navigate the elements, the dealership may be your best bet.

 

A credit union (hey, like us!)

 

If you want to be in control of every step in the car-buying process, getting your financing approved beforehand from a financial institution like Sunova, can help ease anxiety and pressure at the dealership. It may take a bit longer to navigate the approval process, but it could be worth it in the end. Although it’s near impossible to compete with 0% on new vehicles, you may want to talk to us if you’re interested in an older model or a vehicle that doesn’t have a rock-bottom financing rate attached to it. Plus, we’re nearby, in your community, and ready to answer any questions you may have on the subject.

 

have questions?

Help HQ is here to, well, help! Our Help HQ staff are available during following hours:

 

Monday – Friday 8:00 am – 8:00 pm

Saturday 8:00 am – 4:00 pm

 

Give them a call 1.833.378.6682, send a text 1.204.813.5786 or start a chat session!

 

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