3 Auto loan myths not to believe

THREE CAR FINANCING MYTHS YOU SHOULD NEVER BELIEVE

Three car financing myths you should never believe if you want to have the best possible experience buying a used car. Working with Ontario Drivez Marketing & Financing is your best choice. You may have heard from reliable family or friends that purchasing a used automobile from our dealership is a wise decision, and we are here to confirm that.

Our devoted staff can assist you in locating the ideal used vehicle and auto financing to meet your unique requirements. But before we get into the specifics, first dispel the top three fallacies about auto finance so you can start your car-buying journey with confidence and information.

MYTH 1 (CAR FINANCING MYTHS): POOR CREDIT = NO CAR LOAN
The truth is, if you do have poor credit, you can still get a car loan. This leads us to say that poor credit leads to no car loan is a myth and is false information. When you work with a well-used dealership, they will work with you to provide you with financing options that fit your financial status. When you work with our team, we even take the extra step to ensure that if you have a poor credit score, you make your payments on time to rebuild your credit.

MYTH 2 (CAR FINANCING MYTHS): MY CREDIT WILL IMPROVE IF MY SPOUSE'S DOES
This data is incorrect. In some peoples minds, marriage merges credit scores. This is untrue, and it is crucial to remember that lenders consider each borrower's credit score. The same holds for combined auto loans. Even though your credit score is considered, getting married can still help you get a better loan because your income can be pooled.

MYTH 3 (CAR FINANCING MYTHS): IF YOU ARE REJECTED ONCE, YOU ARE REJECTED
Your financial situation may discourage you from applying for a car loan, but our staff is here to encourage you to keep trying. Rejection once does not imply rejection everywhere.