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How To Buy A Great Road Trip Car In Kitchener

How To Buy A Great Road Trip Car In Kitchener

Spring is very much in the air, so our thoughts naturally turn to the upcoming summer and vacation. As international travel is still a little uncertain right now, interest in road trips across Canada are very popular right now. Prepare for yours and buy a great road trip car this summer!


Our Kitchener car loan team outlines what you need to do to get ahead of the summer rush by preparing now.


Kitchener car loans


The summer road trip has always been a national pastime but lockdowns, the global pandemic and international travel restrictions means staycations will be more popular than ever.


That means competition for road trips cars will also be more popular than ever.


So why not get ahead of the crowd and sort your vehicle and your car loan out ahead of time?


Preparing for your summer road trip


We fully expect demand for cars and car loans to spike this summer. Staycations are the safe option for many families and with international travel still trying to figure out where it’s at, it’s also the less risky option financially too.


Therefore, we recommend getting ahead of the curve and preparing for your road trip ahead of time.


Here’s how.


Research a suitable vehicle


We all have our dream cars to go on a road trip with. Whether that’s a convertible Mustang or Lincoln Continental, we all have our own idea of what makes the perfect road trip car.


You need to make sure your dream road trip car meets your needs though. Do you need space for kids? For the dog? Will you need a large trunk for luggage? Taking bikes or towing a jet ski?


Assessing your needs is always part of new car buying and this is no different.


Get your paperwork in order


Next, prepare your paperwork for the car loan. Get together proof of ID, of address and of your income. Get copies of 3 months’ worth of bank statements, your most recent tax return and proof of any other income you might have.


Check your credit score with TransUnion or Equifax and make sure your credit report is fully in order.


Work out how much you’ll need to borrow


Put together a down payment and work out how much you’ll need as a car loan to afford the car you want. Balance the amounts as best you can until you come up with an affordable figure for the car loan.


Then come to us for car loan preapproval. It’s a dry run that can prove whether you could borrow the amount you’re looking for at an affordable rate.


Preapprovals don’t usually impact your credit score as they use soft inquiries and will tell you in advance whether you’re likely to be approved for the amount you want to borrow, or not.


Once you’re preapproved, our Kitchener car loan experts can secure a competitive loan so you can buy the car you need for your road trip. As part of one of Canada’s favourite dealer networks, we can help secure the car too!


When you’re ready for a car loan, get in touch with the Kitchener auto loan experts at Northway Ford for great deals on auto finance.


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Categories: Car Loan

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