The number of different advertised offers from dealerships have a lot of terms and conditions that get your attention but eventually turn out to be not that special after all! The offer is available on that model or only on the highest priced trim package so it can leave you wondering just why you’re going through the process. We will make that a thing of past for you by looking at how car loans are put together. At 24 Seven Auto Loans we are People helping People find the right vehicle at the right price!
Payments on car loans are based on three factors:
How Car Loans Work
Principal
The total cost of your vehicle with the add-ons options (trim packages, navigation systems, service plans, etc.) including any fees that the lender or dealership may have for the car loan. This is the amount that will be used along with the next factor used to calculate your monthly payment – the Term.
Term
This is the time period when you will be making payments on the principal. The principal is divided into equal payments for every month (or biweekly period) during the length of time specified by the Term. Terms will be variable but are usually between 36 months and 72 months. Longer terms provide lower monthly payments over a longer time but often savings are available with shorter terms due to lower Interest Rates –which is our last factor to consider.
Interest Rates
These rates are used to calculate how much it costs to borrow money from a lender such as a bank or a credit union. It is based on a percentage of the principal (i.e. your new vehicle) the lender considers fair for you to borrow money to finance your vehicle. Interest rates differ based on the lender and can vary from 0% and up depending on the vehicle and the risk the lender perceives to be repaid.
However, not all lenders are the same and all these factors may be in play during the tedious dealership negotiation process. We sidestep the time-wasting back and forth dance at the dealership and ensure you are not overpaying for your new vehicle.
24 Seven Auto Loans has access to all vehicle manufacturers and has partnered with companies that offer special “in-house” financing programs which might allow a customer with “bad” or damaged credit to get an auto loan.
Through our trusted network we can quickly match you with a local dealership partner in your area who can help regardless of your credit history. Get started by completing our application in minutes and get approved in as little as a few hours.
Still not sure if you qualify for an autoloan?
HAVE A QUESTION ?
CALL US :780-229-5884
What type of vehicle are you looking for Today?
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The Cowboy Cadillac, the hero’s helper, the Ute, …Betsy. Most pickup truck drivers have a very strong connection to this work, recreation and more vehicle. 57% of pickup drivers even consider their truck a family member!
Click here to talk to us about getting closer to your new best friend.
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The Cowboy Cadillac, the hero’s helper, the Ute, …Betsy. Most pickup truck drivers have a very strong connection to this work, recreation and more vehicle. 57% of pickup drivers even consider their truck a family member!
Click here to talk to us about getting closer to your new best friend.
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Motorbikes/ATVs
Work, play and more. These go anywhere vehicles will be sure to get you to the places you need to go! Two, three or four wheels, we’ll help you get the best deal delivered right to you!
Skidoo/Seadoo
Snow or Sea? These amazing vehicles let you experience the true freedom of the outdoors! Let us help you find the right one for you at the best price for your budget! All makes and models.
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Your home away from home or maybe your preferred living quarters! We’re not here to judge. Enjoy the comforts of your own space while you explore the best of what the country has to offer.
Connect with us here to find your new recreational vehicle and castle!
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The true champion of the frontier and workhorse of the economy. The heavy-duty truck offers more robust durability and keeps the work going with higher payloads and more horsepower. We are experts in getting you i nto the right heavy duty vehicle including fleet sales.
Click here to talk to us about your Heavy Truck needs.
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Once the almost exclusive domain of “soccer moms and dads”, this incredible vehicle swallows hockey bags whole and still seats many comfortably including the dog! With all the bells and whistles or just a few, let us help you get your crew and their stuff anywhere in style.
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The ultimate vehicle for safety, reliability and performance! Built on a sturdy base and offering four-wheel stability in all conditions, it’s no wonder why this vehicle choice is so popular with so many.
Click here to let us help you find the right SUV for you!
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Short for General Purpose (GP – Jeep), this iconic vehicle goes where few others can go with such style!
Many varieties to choose from in many optional trim packages.Let us help you find your new blazer of trails!
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The ultimate vehicle for safety, reliability and performance! Built on a sturdy base and offering four-wheel stability in all conditions, it’s no wonder why this vehicle choice is so popular with so many.
Click here to let us help you find the right SUV for you!
GET APPROVED TODAY
Please feel free to complete our online application form and in just a few minutes you can get pre-approved and one of our credit specialists will find the car of your dreams and deliver directly at the confort of your home.
People helping People.
Phone: (780)-229-5884
Whatsapp:1-587-594-8966
Address:9720 60 Ave NW,
Edmonton, AB T6E 0C5, Canada
Edmonton, AB T6E 0C5, Canada
Available:On the phone 24-7 / Office 10 to 6 pm / Sunday’s off
