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Family growing and need a new car? An auto loan can help!

Family growing and need a new car? An auto loan can help!

Larger vehicles and multi-car families seem to be a target for media and critics, but anyone who has or who has been part of a large and growing family would disagree. The logistics of moving multiple people to multiple places in the city at the same time demands a flexible approach.

If your own family is growing, an extra vehicle could be exactly what you’re looking for.

Car loan for a growing family

Taking one child to football, another child to dance class, yet another child to after school club. It’s a normal day for some families. The only complication is when it all has to happen at once.

That’s where an extra car can prove its worth.

If you’re struggling to get your family where they need to go, perhaps an extra set of wheels can help.

We work with families of all shapes and sizes to find the perfect vehicle for their needs. Whether it’s a sedan, station wagon, minivan or SUV, we have the stock and the expertise to help you finance it.

Financing a new car

If you already have a car, you probably already know the process of getting a car loan. If you don’t, here’s how to go about it.

Put together a down payment

You can get auto loans with no money down but we always recommend using a down payment where at all possible. These auto loans are cheaper to service and cheaper over the term. A down payment also adds a little protection from going upside down.

Depending on your situation, saving for a down payment or digging into savings for one could make sound financial sense.

What’s the car for?

What do you want the car to do? Is it to haul the entire family around at weekends? To divide parent taxi tasks? To enable one parent to get to work while the other manages the family?

Identify the main use of the car ahead of time can help focus the mind on what type of vehicle to get. If you’re hauling the entire family, a minivan might be best. If it’s to get you to work while your partner ferries the family, you can drive what you like.

You get the idea.

Set a budget

Look at your down payment, check how much of an auto loan you can afford and set yourself a reasonable budget. The budget should be enough to get you the car you need without putting extra pressure on your finances.

Easier said than done we know but it’s important!

Do your research

Now you have your use case and your budget, you can now research the cars that fulfil your criteria. Read reviews, check them out online and read everything you can about the car.

Come talk to Car Nation Canada

Once you have an idea of what you want and how much you can afford, now is a good time to come talk to the experts. We can help you with your auto loan and we can help you find the car of your dreams.

If you’re looking for a great deal on an auto loan, contact Car Nation Canada today, we can help!

 

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