New Car Canada accommodates all auto finance applicants in Prince Edward Island. Whether you are looking for a new or used vehicle, we can give you what you want. Our network of car dealer partners can easily provide you with a free quote on any car upon request. Our application process is absolutely FREE with no strings attached. In fact, you won't owe us anything until your new car is right in front of you.
We believe that securing an auto loan approval doesn't have to mainly rely on one's credit score. With our lenient requirements and approval process, anyone can become a car owner. Fill out our online application form to find out more about our offers.
New Car Canada boasts of a 100 percent approval rate. Regardless of credit, we will approve your application instantly as long as you are earning $1,800 every month. We don't solely base our approval on an applicant's credit. Our goal is to provide cheap car loans to bad credit and no credit car buyers in Canada. Moreover, we won't require you to look for a cosigner or place a down payment no matter how terrible your credit is.
What's the hold up? Act now and take the first step by completing our short online car loan application. We make things easy for you!
Most car buyers fail to look at the bigger picture as car dealers flash to them the low monthly payments involved. Even though an extended car loan term seem to give off a good impression, the interest payments that stack up over the years will show you how much money you're actually losing in your current loan. A loan term should not exceed more than 5 years or 60 months, any higher than that is considered an extended loan term. Experts recommend to make your loan term as short as possible to avoid accumulation of too much interest expenses.
Obviously, people opt for a longer term because it allows them the option of picking a high-end vehicle due to a lower monthly mortgage. The problem with this option is that cars suffer a lose in value over time (usually 15-20 percent in the first 2 years). As your car ages, its resale value decreases due to natural wear and tear damage.
Another aspect that you should consider is that are stuck with that vehicle for an extended period of time and you need to make sure that your car is still useable until then. The last thing you want is to pay for a vehicle that doesn't even function anymore. When deciding on a term, make sure to look at the APR and overall costs. Do not fixate on just the monthly payments.
Charlottetown is the capital city of Prince Edward Island and has a population of 34,562. This city is very rich in culture and is known for some of its colorful festivals visited by hundreds of tourists all year round.
The city also boasts notable art galleries, musical theatres, biking trails, water sports and a number of beautiful parks. If you want to just stroll around the city, their tour package is surely worth your while as you'll marvel at some of their historic landmarks and excellent architectural designs. You'll definitely want to explore more of this beautiful city and you can do so easily if you have your own vehicle.