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Where to Find Great Deals on New Cars in 2022

Where to Find Great Deals on New Cars in 2022

Posted by on Mar 24, 2022 - Archived under Uncategorized

Canadians looking for great deals on new cars in 2022 have their work cut out for them. The inventory of new and used cars in Canada has never been lower, and the bottlenecks being experienced in the supply chain will keep the car inventory low for the rest of this year, if not longer!

 

These shortages are creating some unique challenges that have never been experienced by Canadians in the past. It is harder to find great deals on new cars in 2022 simply because

 

With the limited number of vehicles to go around, when you have a limited number of vehicles and demand at all-time highs, it creates upward pressure on car prices.

 

There are some people who need to wait months before they can take ownership of new cars they purchased because the manufacturer has not been able to keep up with production.

 

The used car niche is just as bad. There are not enough used cars to meet demand, so private sellers are trying to capitalize on the opportunity by charging unreal prices for their used cars.

 

Again, we are not trying to discourage you from buying a car; it is just setting expectations, so you know what to expect.

 

Having decent credit is important

 

You do not need perfect credit, but it doesn’t hurt. Interest rates are low but to access them

 

Your credit score has to be in the 720 range or higher. Individuals who fall under 720 but are over 600 can access some very competitive interest rates.

 

It would be advantageous to keep tabs on your credit score so you are never caught off-guard when it comes time to go for a Dundas car loan.

 

You should sign up with TransUnion and Equifax for their free credit score and monitoring service.

 

If you notice your credit score is low, there are a few easy-to-follow tips that will help make your life easier.

 

The first is to always pay your bills on time, it sounds cliché, but that is the primary reason consumers have low credit scores. Sign up for pre-authorized payments to never miss another payment and watch your credit score climb.

 

Something we should mention along with making your payments on time is keeping the balances on your account below 30%; if your credit utilization rate goes above 30%, it can push your credit score down.

 

Where to get the best deals on a new car in Dundas

 

We have established the car market is tight, but you can still get a good deal; what you need to do is go to a dealership in your area and meet with a sales expert.

 

They will comb through their inventory to find a suitable vehicle based on your budget and what is available. This dealership can also help you find a great car loan, even if your credit score is less than ideal.

 

By working with the local dealership, you are going to have a great experience and save money in the process, but you need to take the first step and head over to the dealership today.

 

Click here to get approved for your next car loan online today! we have a team of credit specialists ready to help you find great deals on new cars in 2022, and will work with you no matter your credit score. 

 

For any questions or concerns, please don’t hesitate to contact us here! 

 

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