Decision One – What Kind of Car Do You Need?
Even before you have received your fast car loan approval in Brantford, you will have been planning the kind of vehicle that suits your needs. But – with the huge array of new and used cars available to you – how do you choose?
It’s important to focus on what you need – rather than what you ‘want’. Here are some considerations:
- Is the car’s principal role to get you to work? In that case, how long is your commute, on what kind of roads, and how important is fuel economy to you?
- How much cargo capacity do you need – either for your family or work-related tasks?
- If your chief use of the car is for family purposes, how many passengers do you need to carry, and will you be using car seats?
- What is the parking situation at both your residence and place of work?
- What kind of safety features do you want in your car – for e.g. blind-spot monitoring.
In addition to the kind of vehicle that is ideal, you must factor in cost. It is generally calculated that car payments should not exceed 15 per cent of your take home pay. But on top of that you need to add insurance and fuel costs. Depending on how you plan to use the vehicle, that could add up to another 7 per cent of your monthly income to the cost of buying a car.
Getting That Fast Car Loan Approval Helps Your Finances!
If you ever needed a reason for getting a fast car loan approval, this is it: having wheels can actually improve your economic opportunities. Most Ontarians don’t live in areas that are well-served by public transit. Equally noteworthy: many places of employment are also not in easily-accessed areas.
Yet the bulk of job creation is taking place in suburbs. Having a car allows you to get to job interviews there – and then get to work easily. Having a car also allows greater choice in residence, making it easier to move to more affordable neighborhoods that may not be well-served by transit.
One US study showed that families with cars were twice as likely to find a job and four times as likely to stay employed. That’s because unreliable transportation is one of the main reasons people lose their jobs – as anyone who has once again ‘just missed’ a bus knows.
HOW do you get fast car loan approval?
Let’s say that you know the car you need and have calculated roughly how much you can pay. One question remains: what if your credit rating is not good. Perhaps you’ve already been turned down for a loan by a bank. How get fast car loan approval?
Fortunately there are specialty finance companies like Auto Loan Services that actually focus exactly on your needs – getting quick financing and access to vehicles. After completing a short online form, a finance representative contacts you to better understand your needs and financial circumstances. The representative then finds an appropriate lender.