Myths About Car Maintenance
When you can not pay a car off all at once right away, there are two options to consider if you want to still get a car. These options include leasing the vehicle and financing the vehicle. Here at Good Fellow’s Auto Wholesalers, our team has gathered some common myths about car maintenance between both of these types of cars, and today we will let you know whether or not they hold any truth. When it comes down to it, our used car dealership in Toronto hopes to clarify these myths so that you can make the right car payment option for your situation.
Myth 1: Financing a Car Loan Makes Maintaining Payments Trickier
It may come as a surprise, but this myth is actually considered true. Maintaining payments for a financed car may be trickier, but this by no means makes it a bad thing. Lease agreements are more black and white in the sense that they are more set in stone and unchangeable. Although in the rare case you want to break a lease early, there will be a considerable termination fee which no one wants to pay.
Financing agreements on the other hand can be more flexible and can accommodate/adjust to different payment plans. Although this can be “trickier”, it can also be more convenient and helpful to the client trying to manage their credit. This is why finance payments are known to be “trickier”.
Myth 2: Financing a Vehicle Makes Maintenance Harder
While some people think that when financing a vehicle, makes maintaining it more challenging — this is not true! While leased vehicles often include maintenance coverage under the manufacturer’s warranty, financed cars require owners to cover repair costs. This means that as the car owner, you have the freedom to fix or leave the different parts of the vehicle as you please. Financing the vehicle means that at the end of terms, the vehicle is yours. So as long as you make your payments on time and in full, the maintenance is completely in your control.
Myth 3: Leasing a Car Makes Maintaining Mileage Harder
When leasing a car, one does need to remain mindful of what their mileage limitations are. This process is not necessarily harder, it’s just important to be aware of how much you are travelling so that you do not exceed your limit. Exceeding these limits can result in additional fees and decreased vehicle value.
How Our Used Car Dealership Can Help
If you require a used car at a price you won’t find anywhere else, choose our used dealership here at Good Fellow’s Auto Wholesalers. With the most amazing deals combined with our high quality auto financing services, we work to develop a perfect experience for each and every one of our clients. Interested in finding out more about our Used Car Financing? If so, be sure to visit our official website or contact our team at 1 (855) 581–9590 and we would be pleased to assist you. Our team looks forward to working with you.
