There are many myths going around about used cars. If you have ever purchased a used car, you probably know that some of these myths are quite untrue. However, some of them may surprise you. Here are a few facts and myths about used cars that you may enjoy!

If the previous owner was a smoker, I’ll always be able to smell cigarette smoke in the car.

While it may be true that cigarette smoke leaves a residue that can last for weeks, months, or even years after someone smokes in a car, car dealerships have tools to help remove that smoke smell from cars. These tools may include air purifiers, air fresheners, and even deep-cleaning agents. Remember: before you buy your used car from us, we’ll clean it thoroughly on the interior and exterior in order to ensure that you’re completely satisfied with the look and feel of your car.

Used cars with high mileage won’t last as long as used cars with low mileage.

It may be true that miles often correlate to vehicle use and certain mileage-related service needs. However, what’s more important than mileage is how those miles were spent. For example, a vehicle with low miles that has been used primarily for city driving may require sooner service than the same vehicle type that has been used for highway driving. Even if a car has low miles, there’s no telling what condition the breaks, belts, and other mechanical parts are in until a mechanic performs a complete inspection of the vehicle.

Used cars require more service and break down often.

Some used cars require a great deal of service. Other used cars require less service than many new cars. There are two important things that new car buyers should consider if they are concerned about service and reliability: the make of the car and the current condition of the car. Simply put: some types of cars are more prone to service needs than others. As long as you have a qualified mechanic inspect the car before you buy it, you should feel confident that the car will not require undue service or be prone to mechanical problems as a result of its having been pre-owned.

Used cars always have high miles.

Many used cars have high miles. However, some used cars will only have a few thousand miles. This may be the case if a particular used car was used on a dealer’s lot as a test drive or showroom car. It may also be the case if someone purchased a new car and changed his or her mind after several weeks. If finding a used car with low miles is important to you, simply alert your dealer of your needs and he or she will be on the lookout for used cars that suit your request.

Contact us today at www.okotoksford.com  for more information about facts and myths relating to used cars or to view our used car inventory!

Some of our customers come to us initially with bad credit. In some cases, their need to buy a car right away is so great that we work with them to get a car loan that best suits their needs and budget. In other cases, if a customer is able to wait a few weeks or months to buy a car, we’ll develop a plan to help them re-establish their credit so that they can get a lower loan rate and a higher loan amount.

If you are looking for ways to re-establish your credit in order to get a better loan rate or higher loan amount, then here are some simple tips that we recommend:

Analyze the Savings Potential

Before you take steps to re-establish your credit, we recommend that you analyze your savings potential. Your savings potential may mean the difference between a few hundred dollars or a few thousand dollars. By analyzing your options, you may be able to determine whether or not you need to take the time to re-establish your credit before you buy a car or whether it would be best for you to buy a car now.

Our credit specialists can help you to determine the savings you’ll get by re-establishing your credit if you schedule an appointment for a credit analysis with them.

Pay Off Outstanding Debts

Whenever you apply for a new loan, your lender will want to know how much money you currently owe, what your credit score is, and what your credit history is. All of these factors will help to determine the potential you have to repay your loan. This process of determining the risk associated with each loan is not an exact science, as history doesn’t always predict future. However, it will help lenders to be able to tailor each loan so that it is mutually beneficial for the lender and the borrower.

If you have outstanding debts, then try to pay them off before you take on a new loan. By paying them off, you may be able to get a higher loan amount and lower interest rate. Some debts you will not be able to pay off right away. Others, such as credit card debt, should be paid down as soon as possible. 

Stay at Your Job

Many people that have bad credit can improve their situations if they are able to get and stay at a job. If you do not have a job and have poor credit, then by getting a job, you’ll be able to prove to a lender that you have the means to pay off a loan. By staying at the same job, it shows that you have the responsibility not only to stay at one job, it will also show as very reassuring that you will keep your job.  Getting a job, and keeping that job can help you also to re-establish your credit by making it possible for you to pay down your outstanding loans.

Contact us today at www.okotoksford.com or call us at 866.575.9240  for more tips on re-establishing your credit and getting approved for a car loan in Okotoks.