Get Approved for Vehicle Financing in Tilbury, ON
Top 5 reasons why you should NOT use your line of credit to pay for a vehicle:
- Floating interest rate that fluctuates with Prime; variable payment. Unknown interest and unknown term.
- Leave line of credit for emergency or investment opportunities.
- Secured lines of credit are secured by your home. Default of payment for any reason allows the bank to take your home. Banks consider a line of credit to be a second mortgage.
- Fixed term with dealership allows you to pay off loan quicker, trade earlier, and save money. A loan is open and payments can be paid on top of.
- Terms of repayment are not designed for automotive purchases due to depreciation and the elongated/open ended term of the “loan.” Dealership financing provides fixed payment; easier to budget.
We specialize in providing the best options for vehicle financing in Tilbury, ON for your vehicle. We deal with all of the major banks, including Ford Credit, and can save you thousands.