Skaha Ford's Exclusive Easy Deal
Perhaps you’ve outgrown your sedan and need something larger for your family, or your new job requires the use of a truck. If you’re looking to trade in your vehicle but still owe money against the loan, you might be wondering what your options are if it’s not paid off. If so, our Easy Deal program at Skaha Ford in BC is here to help.The first step is determining how much equity is in your vehicle. Equity is the difference between your car’s current value and the amount you owe.
The best-case scenario is that your vehicle is worth more than you owe. This is called positive equity. When you trade-in your current model, we can apply that equity towards purchasing a new car or truck.
If you are a first-time borrower or working on rebuilding your credit score, having access to trade-in value reduces the amount you need to finance, increasing your chances of an approval and reducing your lending costs.
Are you interested to know your car’s value and whether you can trade it in for a new ride? Check out our Easy Deal program, which offers free online credit approvals to simplify your car buying experience. Contact our team at Skaha Ford in BC to learn more!
Understanding Financing Terms in Summerland: What Does OAC Mean?
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(Posted on Mar 1, 2022 at 12:32AM )
The terms and phrases used within the auto financing industry can be perplexing to shoppers, especially first-time buyers or those who have never borrowed before. If you’re considering a vehicle purchase, you may have come across the acronym OAC in car advertisements – but do you know what it means? You’ve come to the right place. With Skaha Ford’s Easy Deal in BC, we explain confusing jargon in plain language to help you make an informed and confident purchase decision.OAC is a short form for On Approved Credit. This term is often used with an attractive monthly payment or low-interest rate like 0% Annual Percentage Rate (APR) financing. The lender will consider your credit score to get approved for these special financing offers. If you have excellent credit, your chances of getting approved are higher – however, it may be challenging to get approved for 0% APR financing with a low credit score.
But that doesn’t mean that you should not apply for auto financing. With Skaha Ford’s Easy Deal, you are in the driver’s seat. Not only do you get to choose a new or used model from our extensive online inventory, but you select your financing options and add-ons. We also offer real-time credit approvals for a fast decision. It’s the no-hassle, no-pressure automotive experience you’ve always hoped for.
Contact our team in BC to learn more.
