Financing Blog Post

What is AMVIC?What does AMVIC stand for? AMVIC is the Alberta Motor Vehicle Industry Council, it is an independent organization that regulates the automotive industry so that the highest standards are being upheld to protect consumer interests. Go Auto Outlet is an AMVIC compliant dealership (along with the rest of the Alberta Go Auto dealerships), so follow along and see how this council operates...

Financing or Purchasing?You've found the perfect vehicle and it's now time to decide how you're going to pay for it. You might be equally capable of financing or outright buying the vehicle, but which option is preferable to you? It all depends on your means and plans with the vehicle. Follow along with Go Auto Outlet as we go over the pros and cons of both financing and purchasing.FinancingFinancing...

Vehicle Financing 101Vehicle financing helps you afford the vehicle of your dreams when you can't. Go Auto will lend you the money you need to make your purchase! This allows you to make manageable payments each month until you can pay off your car, truck or SUV. Not only does this easily get you the vehicle of your choice, but it's also a great method to build your credit for future vehicle purchases....

Car Financing CalculatorFinancing is an important part of the car-buying experience and one that can be confusing with all of the various plans, payments and variables. At Go Auto Outlet, we want to make this process as easy as possible for you. As well as dealing with our skilled finance department, we offer online tools to help streamline your financing requirements. Our car loan calculator is an...

How to Calculate Your Car Payment BudgetYour next vehicle should be good-looking, reliable, fun, and let's not forget, affordable. Luckily, Go Auto Outlet has Edmonton, Red Deer, and Leduc car lots overflowing with affordable vehicles. To help decide which price range is best for you, read about budgeting, Credsii, and vehicle financing calculators in this post.Determine Income and ExpensesFirst things...

How & Why To Use CredsiiGo Auto Outlet is happy to introduce the Credsii credit score search tool to help you set a budget for your next used vehicle purchase. Credsii is free, accurate, and easy-to-use. Read on to find out why a credit score matters, how to use Credsii to discover your score, and the car financing calculator to estimate monthly payments.What is Credsii?Credsii is a free and easy-to-use...

Test Drive to Win Your Car PaymentsGo Auto Outlet is offering one of our biggest contests ever, and we're very excited to share it with you! This isn't your average "all you can eat Pizza Hut" prize, and it definitely won't fit in the bottom of a cereal box. The prize in our July Go Auto Outlet Test Drive competition is something you'll use every day--Go Auto Outlet will pay for the remaining car loan...

Pros and Cons of Buying a New VehicleBuying and leasing both provide unique benefits. Leasing offersa low-risk way to drive a nice vehicle in good condition. However, there are limitations to leasing that scare off owners who value their independence. Ownership provides an unconstrained ownership experience, but is riskier and may cost more. As every sitcom has taught us, nothing makes a decision easier...

What Is Car Financing?When it comes to owning a car, there are multiple options for you to pay it off. Of course, the first option is to simply pay for the vehicle in total. However, most people don't have the total cost ready in cash to pay for an entire vehicle (unless you're a serial saver or a millionaire). Luckily, that's where car financing comes in to play.Here at Go Auto Outlet, it's fairly...

How do I Establish and Maintain My Credit in Alberta?Ah, credit... It will either haunt you or make your dreams come true. Or perhaps you're just looking for some consistency in life? Regardless, this post can help you out and answer for you the question of "how do I establish and maintain my credit?"It's true that your credit rating in Canada is a reflection of your credibility with financial lenders,...

Does Buying a Car Hurt My Credit?So you're thinking about getting a vehicle, but you're wondering, "Does buying a car hurt my credit?" With any kind of loan in the Edmonton and Leduc areas, including a loan you'll be putting towards financing a vehicle, there are some financial and credit-related considerations. Let's take a look at all of them, and whether or not there are actual costs involved...Zero...

Can I Get a Car Loan with Bad Credit in Edmonton?Sometimes having private transportation is a necessity. For work, for example, or maybe just family life in the city. Regardless of your circumstances, you're reading this article because you're in need of a vehicle and are worried about your credit. There certainly are some considerations here, but by the end of the post, we're sure you'll have the...

What Shows Up on Your Credit Report?Your Credit Report details your credit history, and this is primarily what lenders (like Go Auto Outlet) look at when determining your eligibility and finance rate for a loan! For this reason alone, it's a good idea to take a look at your report, but there are other reasons too, as you're about to find out. Here's what shows up on your Credit Report...the SIGNIFICANCE...

Can I Pay Off My Loan at Any Time?So you're currently financing a vehicle and wondering whether paying off your loan early is a good idea. It depends. We've got some solid general advice on the subject, so read on to learn about what is best for your particular situation. Let's help you answer the question, "can I pay off my loan at any time?"For future reference...When you're looking at your loan,...

Can I finance additional accessories or an extended warranty?You are considering purchasing a new or a used vehicle, however, you also need to purchase additional accessories and an extended warranty to enhance the look and comfort of your vehicle and also guarantee your peace of mind. However, you still have one question that remains unanswered: "Can I finance additional accessories or extended warranty?"...

What are Prime and Subprime Lending in Canada?If you're thinking about taking out a loan, but wondering what kind of loan you'll qualify for, then we can help. The biggest factor is your credit rating, and it's easy to pull this number from credit reporting agencies like TransUnion. If you've heard the terms "prime" and "subprime" before in the context of finances, then you might be asking yourself,...

Loans vs. Leases - Which Works Best For You?Every years thousands of people from across the Edmonton and Leduc area search for the most cost-effective way to get behind the wheel of their next car, truck, or SUV. Two of the best methods are loans and leasing - but which works best for you?Today Go Auto Outlet is going to break down the differences between these two so you can make an informed decision...

Can I get a Car Loan with Bad or No Credit?So you're exploring the realm of vehicle ownership, are you? You have a lot to look forward to, like building up your credit into something you can be truly proud of. Getting things on track can be a difficult endeavor, but financing a car is an excellent way to get your credit back on track, and being considered for a loan isn't as difficult as you might...

How to Qualify for a Car Loan in Canada?You've finally decided to look at buying a car, you've got your sights set on the one of your dreams, and the only thing standing in your way is qualifying for a vehicle loan. We can empathize, it may seem like a daunting idea to take out thousands of dollars for a loan. Making the right decisions when it comes to interest rates, finding a lender and going to...