Guaranteed Car Lend

Finding A Car Loan In Canada
By Terry Bolton

If you are in the market for a new vehicle chances are you have
been shopping around for the best finance package to fit your
car-buying needs. Residents of Canada have several options when
it comes to finding the right lender for their car loan and by
investing a little bit of time in doing research and comparison
shopping they can often cut as much as 1-2 percentage points off
their financing.

Auto loans are as a part of the car buying experience as
finding the right vehicle itself. In fact, many consumers will
often investigate financing options before they begin searching
for their new vehicle in earnest. There are a number of factors
that influence the rates you will receive when looking for
vehicle financing. These include such things as credit rating,
length of the loan, down payment and vehicle type. By doing a
little legwork up front you can be an informed consumer as you
explore your financing options.

First, since auto financing is based on a fixed-interest loan
you will be paying the same amount of finance charges no matter
if you pay it off early or make regular payments as scheduled.
As such it pays to finance the least amount as possible when
taking out a loan to buy a new vehicle. Consider making a large
down payment, trading in older vehicles or looking at vehicles
that aren't as expensive when car shopping. The money you save
in finance charges could very well help you upgrade to a higher
model vehicle on your next purchase.

The best source for an auto loan may be your local bank or
credit union. Often with established customers they will offer
a discount in the interest rate in order to keep your business
in-house. Failing that take your search online where hundreds
of finance companies will actively compete to get you to sign
on the dotted line.

About the Author: Terry Bolton is a auto enthusiast and
internet publisher who loves to write about automotive issues.
Check out his comprehensive automotive information portal
http://www.cheap-used-cars.w-eland.com

Source: http://www.isnare.com