Unless you have the full amount to purchase a car, a pickup or an SUV cash, buying a brand new vehicle most often requires a car loan. You can also choose leasing, which consists of leasing the vehicle for a fixed amount of time, and this may sometimes allow you to purchase the vehicle at a lower price. Your Duclos Laval dealership offers several RAM financing plans that make purchasing your brand new vehicle easier.
What are the advantages?
RAM financing deals with many aspects. Whether it is for car credit, financing options, or credit rates, our team of experts are here to help you find the best possible financing solutions, which are also best adapted to your needs and budget. Let’s look at this in greater detail.
Car credit
If you are, for example, purchasing your very first car, you clearly do not have an established credit score. Unless you can pay the full amount for your new car, a few options are made available to you so that you can borrow the amount from credit organizations, banks, or RAM financing. The latter is definitely the most advantageous, since there is no middleman, between you and your dealership.
There is also the auto broker, who works for you and does all the “legwork” with your dealership, in order for you to get the best possible deal. In short, his or her mission is to obtain the best possible purchasing price for you, whether you are buying a new or used vehicle.
They will use all of their contacts to get the best possible deal for you, their client. Moreover, they will take care of several steps like registration, insurance, etc.
Who can take advantage of this?
Everyone has access to RAM financing services. You can even apply for credit online on the RAM Canada website. It is quick, free and safe. Depending on your needs and budget, we also offer 2nd and 3rd chance credit.
We know that everyone can encounter difficult situations in their lives like illness, divorce or losing their job, because no one can fully protect themselves from unforeseen circumstances. However, since most people still need a car, especially to get to work, it is possible to maintain this privilege even when you are faced with financial difficulties.
Talk about this with your financing expert so that you can explore all possible avenues and find a solution.
Necessary documents
Amongst the essential documents you will need to apply for RAM financing, you will need:
- Your driver’s license;
- Another form of official identification with photo;
- Proof of insurance on your vehicle;
- Proof of address like a Hydro bill or internet bill, for example;
- Proof of income, like a pay stub for example.
You will also most likely have to give your employer’s information like address and phone number, or the name of your landlord, if you are renting your apartment or home. In short, if you want to be well prepared, it is preferable to have all the necessary information that is available to you beforehand, so that delays will be as short as possible.
No matter your situation, your dealership is here to answer all of your questions, whether they are about financing rates, promotions and offers, current discounts or leasing rates. After all, this is an important investment. It is very important that you leave with peace of mind, knowing that you are taking full advantage of the best possible arrangements.
There is also an online tool, a payment calculator, that will allow you to have a good idea of what costs to expect. Simply enter the initial amount for the specific model, choose between purchasing and leasing, the amount for your trade-in vehicle (if you have one), and payment frequency like, for example:
- Every week;
- Every two weeks;
- Bi-monthly;
- Monthly.
Then comes the financing term and taxes. This will give you a good idea of what to expect in terms of costs, according to your budget and your ability to make payments.
In order for you to take advantage of the best possible price at the best possible rate, keep an eye out for discounts offered by RAM Canada on different models. To find out more about all the possible options offered to you, do not hesitate to communicate with our team of experts at Duclos Laval. They will know how to guide and help you.
