When it comes time to purchase a new vehicle, finding the right one can be stressful enough without having to worry about the process of paying for it. Used car financing can be a straightforward and simple process if you do a little planning in advance and work with a reputable dealer that you can trust. Here are a few tips to help you get started:
Before you even begin looking at vehicles, you should have a pretty clear understanding of what is on your credit report and what your credit score is. This will help you to determine if you will be approved for a loan, how much you can potentially be approved for and what interest rate you may be able to secure.
Typically, the less you have to finance on the loan, the better your rate will be and the more money you will save over time in interest payments. Determine what amount, if any, you will be able to put as a down payment on your new vehicle and talk with your preferred lender about your choices.
The best way to get your car loan is through your dealer, At Gemini Motors, we offer low interest rates and affordable payments to suit your budget and your families bust lifestyle. Let one of our credit specialists help you.
Do you love your Subaru? Here’s your chance to share with other Subaru owners around the world.
Subaru 360° is a fun global initiative asking Subaru owners to share their love of their vehicle by creating a short video clip of themselves with their Subaru. These video clips will then be edited into a gigantic “mash-up” movie (similar to this example) that will be seen around the globe. We are encouraging all Canadian Subaru fans to take part and show the world how we Canucks love our Subies!
This initiative ends in January so try to get your video in as soon as possible. Go to http://bit.ly/1hRcLr7 to submit your video today! Of course, we would love to see your video as well, so don’t forget to post on our Facebook page and share with fellow Canuck Subaru fans.
Subaru made mild waves last year when it announced it would offer a relatively low-cost suite of driver-assistance technologies dubbed EyeSight in the 2014 Legacy and Outback and Forrester. The stereoscopic camera–based system enabled adaptive cruise control, pre-collision automatic braking, collision warning, and lane-departure warning, but its operating range was fairly limited compared to the radar- and sonar-based systems used by pricier luxury brands. Now, Subaru’s back with the second-generation EyeSight system, and it’s improved on the original’s capability while adding more functions.
For those not familiar with Subie’s stereoscopic camera setup, it works like this: a pair of forward-facing cameras mounted at each side of the rearview mirror “see” what’s in front of the car. By angling the cameras relative to one another and stitching their feeds together, the system’s brain gains a rudimentary form of depth perception, and thus object recognition. For its second act, EyeSight has inherited the ability to see color. Before, the system’s “eyes” saw the world in black-and-white dog vision; with color, the setup’s ability to discern its surroundings is boosted by a claimed 40-percent increase in viewing angle and distance.
This enhancement is critical, because one of EyeSight’s key limitations compared to a conventional radar-based system is its viewing distance and reaction quality. Stereoscopic cameras can’t see as far as radar or process what they’re seeing as quickly. Adding color allows Subaru to up EyeSight’s operating speeds, enabling automatic pre-collision braking from 31 mph and pre-collision brake assist (which aids the driver’s braking in emergency scenarios) from 43 mph—both thresholds are 12 mph faster than before.
Cleverly, Subaru has extorted EyeSight’s ability to “see” color to enable brake-light and traffic-signal recognition. This info is looped into the adaptive cruise-control function, meaning if EyeSight sees brake lights or red lights ahead, it can trigger automatic braking sooner. Just as the first-gen system could cut throttle if the driver attempted to accelerate from a stop with an object in the way, the second-gen version can do the same, but adds the ability to do so in reverse.
steer the vehicle to keep it within a lane. Subaru’s press release—as translated from Japanese—extolls Lane Keep’s ability to “further reduce the burden on the driver.” We wouldn’t jump the gun so quickly if we were Subaru; color or otherwise, EyeSight’s cameras are still rendered partially or totally useless in severe weather or if the windshield gets dirty. But we still applaud the company for finding a way to bring luxury-car safety tech to the masses.
EyeSight currently can be had for as little as $2740 (US Funds) bundled in a package on Legacy, Forrester and Outback Premium models (total prices, EyeSight included: $26,830 and $30,360) and $2400 on the Forester 2.5i Touring (for an out-the-door price of $30,820). The new EyeSight setup goes on sale in Japan next year, and while Subaru hasn’t outlined plans—or feature allocation—for the U.S. yet, we expect it will arrive here shortly thereafter.
Thinking about buying a new or used car? There is no time like now to figure out how much vehicle you can qualify for in auto financing. It is really a much simpler process than many people think, as they may picture difficult negotiations over terms or details in a small back office at the car lot, but in reality, auto loans are simpler than ever, and most people can be approved in just minutes!
One great way to begin the process of getting approved now for an auto loan is to talk to someone at your bank or credit union, or even the financing experts at your local car dealer, who can help you figure out what you qualify for in auto loans, and how to get started on the road to driving away in your dream car. Basically, the financial people will want to know how much you earn monthly, which they will divide by your total monthly bills and payments (mortgage or rent, student loan or consumer debt), to come up with a sum called your “back-end ratio” or just “back ratio”. This is one tool that financing experts use to assess your credit worthiness — whether your income and assets add up to enough to ensure the creditor that you have the ability to pay them back.
Since the car title itself is usually the security for the loan, you don’t usually need collateral, (which is, in most loans, simply more security for the creditor that they will be repaid, whether by you making payments, or, if necessary, by selling the collateral to recover the money). And since the terms of auto loans are usually fairly short (from 12 months to 36 months are not uncommon loan terms), compared to home mortgages, for example, the terms and conditions are usually much more favorable to the buyer, with much less complication to work through, as opposed to the process of financing a house.
Whether you are buying a new vehicle for the first time or if it has been awhile since your last purchase, it is important to familiarize yourself with the things you should know before you go out shopping for used cars. Choosing to go this route is a wonderful option that may allow you to save quite a bit of money while still being able to score an excellent vehicle that is reliable and fun to drive. Here are some of the critical things you should know before buying any vehicle that has already been driven.
Find out as much about the vehicle’s history as possible. The most effective way to go about this particular part of research is to visit a mechanic who can do a thorough inspection. You may also consider having an acquaintance who is familiar with car maintenance basics, accompany you on your shopping trip to help you identify if there are used cars that could cause potential problems.
As the potential new owner of a vehicle, it is very important that you have access to all of the legal documents affiliated with your purchase. The title is critical as it identifies who maintains ownership of the vehicle. Unfortunately, some dealers are shady and aren’t able to provide documentation after the car has been handed over to the new owner. Be proactive about getting this information right from the very start so you can avoid any headache down the road.
As you are preparing to sign a deal regarding the vehicle of your choice, make sure to get everything in writing. This will help to secure the deal while allowing you to have a tangible record to keep on file. If you ever have any questions regarding the purchase, you can quickly refer back to the document for clarification.
Buying used cars can be a lot of fun and a positive experience when you are prepared with all of the facts. Remember to find out as much about the vehicle’s history as possible, access all legal documents immediately, and get the final agreement in writing.
There are many reasons why you may want to buy a used car. Used cars are generally less expensive than new cars. Getting a good deal when buying a used car is can be easy if you know what to look for. You can find a used car that is great condition and that fits your budget.
You have two options when buying a used car. You can buy from a personal seller or you can buy from a car dealer. Trusted car dealerships have high standards for their used cars. They have a reputation to uphold, and they generally want to sell their customers used cars that are in excellent condition. Buying a used car from a trusted car dealership can give you the peace of mind you need knowing that the car is in great condition.
When you go to the car dealership make sure that you have done some research beforehand. Know the makes and models of cars you are looking for. Narrowing down your choices will help you in getting a good deal when buying a used car. Know what to look for in each make and model you are looking at. Ask the representative at the car dealership to tell you about the condition of the cars you are interested in and what the dealership had to do to the car in order to get it in its current condition.
Before you go to the dealership, look on-line to find the fair market values of the used cars you are looking at. There are websites you can look on to find fair market values of used cars. This will help to in getting a good deal when buying a used car because you will know the fair selling price for the car you are looking for. Determine how much you can spend on your used car and decide whether or not you are going to finance your used car purchase with a car loan. This information will come in handy when you are making final decisions at the car dealership.