"You won’t believe how much money some banks and lenders make by selling car loans with high interest rates to unsuspecting car shoppers."
John, an ex banker from a large Canadian Institution, explained that banks and lenders can make surprisingly large profits by overcharging people who don’t know better.
On the flip-side, it’s critical that dealerships give you the best rate possible as their success relies on turning over their inventory. A bank or lender could care less if you balk at their rate...another unsuspecting borrower will come along.
“It’s just not in the consumer mentality to negotiate with a bank or lender so these institutions come out of the gate with the highest rate possible and people are signing the deal without thinking they have options!
This is the one easy trick that banks and lenders don't want customers to know...
If you want to buy a new car, have bad credit or no credit, but you have a job and make at least $1,800 a month you can use a free online tool like autocreditdeals.ca to get the best deal possible. You can still qualify for the lowest loan rates even if you have gone through bankruptcy, have had a car repossessed in the past, or have no credit at all.
Canadians enter the vehicle type they want and the price they want to pay into a comparison site like autocreditdeals.ca and automatically qualify for the lowest possible loan rates. People are shocked at how quick and easy the results are and that it takes less than 2 minutes to apply online.
Here's What You Do:
Many drivers don’t even know that services like this exist, and end up paying the high interest rates provided by the first and only bank or lender they see.
We are tired of Canadians getting ripped off and overpaying for their car loans when they don’t have to. If you want to get the lowest rates possible click here to use the free online tool. Answer a couple questions about what you want and you will qualify for the best rates so you can get the car you want and save money at the same time!
All you need to do to get the best car for your money is to apply for a loan from a company like autocreditdeals.ca , but you want to do it before you set foot inside a dealership.