Fast Auto Credit Canada

02/17/2023

The best safety device to have in your car is FINALLY back!❤️🙂🚙
Today Only! Buy 1, Get 1 FREE!
Last time, we sold out in 12 hours, so run like the wind!💨
If we run out of stock, check back on 02/27/2023!

07/27/2022

Tips to better your car application with a low credit score

Make a down payment

Every little bit counts. Whether it’s $250 or $1000 dollars, putting down some money on your next vehicle will make the application process easier for you. It essentially tells the dealership that you’re committed to them and that you’re serious about leasing the vehicle. It also lowers the total lease amount, which leaves you with more money every month to do the things you love.

Buy from a trusted dealer:

It’s easy to go to the first dealership that pops up on Google when you search “Lease Car ,” but how do you know who to trust with your money? Try and find a dealer that will help you see the bigger picture when it comes to your credit. That way, you’ll know they genuinely want you to drive away in a car you love and aren’t just looking at the number on your credit report.

Co-signer
Do you have a friend or family member that has a high credit score? Consider asking them to co-sign your application. It’s not absolutely necessary, but it helps if you want the application process to be quick and easy.

Lease Swap
Sometimes life gets in the way and people aren’t able to make it to the end of their lease agreements. No worries, though – that’s where you come in! Lease swaps, or lease transfers, are handy because you’ll only be responsible for the remaining payments on the other person’s lease. This is a great option for someone with less-than-perfect credit who still wants to drive a car that’s been used for less than a year.

07/27/2022

Is leasing a car really worth it? 5 advantages of leasing a vehicle

Most people will probably tell you buying a car outright is the better financial decision. You’re working towards something you’ll own entirely versus paying to drive a vehicle for a temporary period of time. On the flip side, leasing can sometimes be a more affordable option with less commitment.

Everyone’s needs and budget are different and there are pros and cons to both buying and leasing. Let’s look at some of the advantages of leasing a car in Manitoba.

Lower monthly payments. When you lease a vehicle, you’re only paying for the vehicle’s depreciation (or decrease in value) over your lease term, plus interest. Your payments will likely be 30 to 60 per cent lower than standard car payments which could give you the opportunity to drive a higher quality vehicle for less. The downside is you won’t own it at the end of the term. Some lenders will resell leased vehicles as used vehicle’s once lease terms are up, which is another reason why they may offer lower monthly payments to get them off the lot.

You can drive a better car for less money. The beauty of leasing is you get to drive a vehicle for a shorter period of time, then switch it up. If you’re someone who enjoys trying different vehicles, this is an excellent option. With a lease, you can upgrade your car to a better model every two to three years without having to worry about trading-in or selling your vehicle.

Lower repair costs. Typically your lease will cover the manufacturer’s general warranty, meaning you shouldn’t be stuck with any major repair costs. Things like oil changes won’t be covered, but necessary repairs and maintenance will be.

Tax benefits. If you select a car for lease and use it for business, you should be able to write off the lease payments as a tax deduction. If you need cars for a larger staff, leasing could help you get the most bang for your buck and save your business the most money over time.

Gap coverage. Usually all leases come with GAP insurance. This insurance protects you in case the car is stolen or is extremely damaged and the repairs would cost more than the vehicle’s depreciated value.

02/10/2022