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Puslinch car loans for seasonal workers

Puslinch car loans for seasonal workers

car loans for seasonal workers can be quite a difficult situation. The challenge of proving you have sufficient income to repay the loan and that you’re a low risk borrower.


It isn’t impossible though, not by a long shot. You can still access great deals on Puslinch car loans even if you’re a seasonal worker.


Puslinch auto finance for the seasonally employed


The auto finance application process is largely the same for a traditionally-employed person as it is for someone who works seasonally. You have to demonstrate to the lender that you’re a safe bet and that you can repay the loan.


Before you apply for a car loan in Puslinch, there is some preparation you should do to give yourself the best chance of success.


Check your credit score


Most borrowing will begin with your credit score. Knowing where your score is at should give you a good idea of whether you’re eligible for the amount of money you want to borrow or not.


The higher your score, the higher the chances of acceptance. The lower the score, the lower the chances.


Don’t worry too much if your score is low. We work with lots of lenders who are willing to lend to people with low or bad credit scores.


Prove your income


You will need to be able to prove your income to any lender if you want an auto loan, the same way everyone else does. The difficulty lies in the form that takes.


If you’re contracted for a set period every year and have the contract, use that. If you’re a casual worker that has done the same job for numerous years, use your bank statements and tax returns. If you have a formal agreement with an employer, use the paperwork for that.


As long as you can demonstrate you have an income and it’s regular, as in over multiple years at a similar rate, that should suffice.


Get pre-approved for an auto loan in Puslinch


Pre-approval is a useful tool for putting theory into practice. If you have made your preparations and want a good idea of how much you’re likely to be able to borrow, pre-approval gives you an idea of that.


It isn’t a guarantee and it isn’t a loan offer, but it gives you a good idea of what you are likely to be able to borrow and at what rates.


Choose a car


Now you know how much you could theoretically borrow, add that to the amount you could put as a down payment and set a budget for a new car. Do your research, check local Puslinch dealerships and build a shortlist of cars that fulfil your needs within your budget.


If you’re having trouble, create a need and want list. Add all the features a car needs to the need list and features you would like in the other. Try to settle on a car that fulfils all your needs with a few wants.


Then, when you’re ready for a car loan in Puslinch, get in touch with the car loan experts at Northway Ford for great deals on auto finance!


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Categories: Car Loan

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