Buy a New Car Online in Edmonton: The Real Financing Deal

By Joe-Willson on 2010-07-23 11:05:10

Buy a new car online in Edmonton: A few tips on financing

To buy a new car online in Edmonton does not only require that you choose the car brand, type and model wisely. Financing also plays a major role, because this is the part where you are gonna be spending your money to get the car. An incorrect decision can proved disastrous later on, meaning, you would stand to lose as much as a thousand dollars or even more!

The choice of financing comes down to two options: to go through a bank or through the dealer's finance office. The best choice to make at thing point is the first one.

Whenever possible, it is considered wisest to go with the financing scheme through your bank. Why? It is because your own bank will always give you better terms depending on your ability to pay. Another reason is that once you finance through the bank, you will be provided with a bank draft that will enable you to negotiate for the cash price, and you should know better that the cash price is always the best price.

If you are not aware of this and decided to have your financing through the dealership finance office, then you are in deep trouble. That's because they would do their best to jam you with add-on products and other stuffs by the time you buy a new car online in Edmonton. These add-ons are the ones that causing the price to rise up, and they like it very much because it translates to additional profit for them. The last thing that you should know is that dealerships earn half of their money from finance offices, which is where your hard-earned bucks go!

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