New Car vs Used Car Advantages of Buying a Used Car for Cheap

There are lot of questions involved in the process of buying a car, should you buy new or used? Unlike investing in a newer home which increase in value over time, new cars indeed depreciate about 25% when you drive off the lot. Most cars will lose about 30-40% in value during the first year. It is easier to find 3 to 4 years older used car, drive it and sell it with little loss in equity.

Buying used cars will be smarter option for buyers with credit problems or with the limited budget as it can be a lot more savings on taxes and insurances. As a vehicle depreciate not only it becomes inexpensive you will also save on taxes. For a new car worth $21000 will be taxed $2730 (HST 13%), the same car 3 years older cost is $15000 will be taxed $1950 savings of $780. Car insurance is primarily based on vehicle value, your driving record, type of coverage. When you buy used vehicle for much less cost comparing to newer car, you may pay cheaper premium on car insurances.

Carloanmasters.ca finance managers offer professional services, guaranteed used car loans, great warranty and offers best interest rates when it comes to buying used car. Car loan masters have partnered with major banks, private lenders and offer in-house financing for their customers. At car loan masters the Finance Mangers will thoughtfully determine your payment options and make sure that the vehicle you purchase will fit within your budget. Car loan masters offer financing suitable to individual’s credit history making it easier to own a car today.

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Why Choose Car Loan Masters

Our customers are our business. Starting from initial introduction, verifying your information, negotiating with the banks, credit unions and private lenders to getting you a reliable safe vehicle is our priority. Unlike most online companies, we don’t share your information with any dealers or brokers.

We are directly connected to the banks and will find you the best loan and a reliable pre-owned vehicle today. We offer warranty and loan insurance for worry free driving. In addition, we will show the path to establishing your credit and will help you to refinance your car loan to save money. If you want to know more about our programs, please call or email us now.

How We Works

Once your online loan application is received, one of our certified credit manager will call to review the information, to find the type of vehicle, monthly payment, trade or down payment involved. We will then review your credit file together and inform you of the pending approval in details.

Now you will select a vehicle form our large inventory. We will then make arrangement for you come pick up your new car or have it delivered to your house or work. The whole process can take anywhere for 30 minutes to 24 hours depending on the documents required.