Three Reasons To Buy A Used Car

Many people have a stigma against buying used cars. They are afraid that they will buy a lemon. In other words, they do not want to pay thousands of dollars for a car that will fall apart within a year or two. Some people think that getting quality used cars and car loans in Yarmouth is impossible. While it is true that you have to be careful when purchasing a used car, there are plenty of great reasons to buy a used car. Here are three of them.

Perhaps the number one reason to buy your car used is because of depreciation. Everyone knows that a car will depreciate up to 20 percent as soon as it is driven off the lot. That means that your brand new $30,000 car is worth approximately $24,000 by the time you reach your driveway. One year later, that same car has deprecated another 10 percent, which amounts to nearly $9,000. Would you buy anything else that would depreciate $9,000 in one year?

A second reason to buy your car used is because cars are now more durable than ever. In the old days a car was on its last leg when it reach 100,000 miles. Now lots of cars can easily reach 200,000 miles and beyond. As long as you keep your car in good condition and follow the proper maintenance schedule, there is no reasons a quality used car should not work properly for several years to come.

Finally, if you buy a car used you will reduce the cost of your insurance. Your car will be worth less when you purchase it, which means your insurance rates will not be nearly as high as when the car was brand new. Additionally, once the car reaches a certain age you can do away with collision and theft insurance.

There are plenty of great reasons to secure a car loan in Halifax and buy a quality used car. We have a wide variety of used cars to choose from, including trucks, SUVs, and luxury vehicles. The loan application is fast and easy. Call us today for more information on car loans in Bridgewater!

Repairing Your Credit After A Divorce

Although getting a divorce does not directly affect your credit score or credit history, it does indirectly affect your credit score.  If you have joint financial obligations with your spouse, you’ll want to handle their dissolution properly in order to lessen the negative effect it may have on your credit.  You may be wondering how to obtain a car loan once you have been through a divorce and your credit score is in poor standing.

Car loans in Halifax are the easiest type of loan to fix in the case of a divorce.  Many reputable car companies will refinance your vehicle, and remove your spouse’s name from the loan in the process.  Not only will this ensure that the loan is solely in your name, but you may be able to refinance your vehicle at a lower percentage rate than it was originally.

You may want to trade it your car for another vehicle, and finance that car in your name.  This is a great way to make sure that your payments will not affect your former spouse in anyway.  Also, by having their name removed, they will not be able to come and reclaim the car.

Many couples assume that when their divorce decree indicates one party to pay off a credit card, the other party is no longer associated with the card.  The credit card company, however, still has both names attached to the card.  This means that if one person is delinquent on a payment or fails to make payments at all, both parties will receive a negative mark on their credit report.  The best way to prevent this from happening is to take your name off all credit card accounts that you are not forced to pay.  This will ensure that your credit is intact when applying for loans in the future.

If you have recently experienced a divorce and need to refinance your auto loan in Nova Scotia, be sure to call an experienced representative that can walk you through the process.  At Loan Doctor in Nova Scotia, we can get you approved for a car loan in your name, and get you back on track to repairing your credit.

Why It’s Important To Get Pre Approved For Your Car Loan

Purchasing a vehicle can be a time consuming and laborious process, but with the right preparation it can be seamless and pain-free.  One of the best ways to prepare yourself for a car buying experience is to visit your financial institution and become pre approved for your future vehicle.

When you get pre approved for your car loan in Halifax, you are working with the bank to determine the size of the loan you are able to afford prior to the actual car shopping.  At this time, you can also determine how much you are willing to pay each month for your vehicle’s monthly payment.

Becoming pre approved is extremely useful and money smart on your part.  Not only are you figuring out how much you are willing to spend, you are essentially creating a budget for yourself so when you do go out into the marketplace to look for the car you want, you already know what your price range is so that you can safely and affordably purchase a vehicle.

Many individuals will not properly prepare for their car buying experience, and they can often get in over their heads because they don’t have a realistic grasp of their budget and what they can truly afford.  Many aren’t aware of their credit worthiness when they look for a vehicle.  They can go through the whole process of purchasing a vehicle with a dealership only to find out they do not have the sufficient credit to receive the loan required to purchase the car.  When you get pre approved for your car financing Halifax, you are eliminating that altogether.

By working with your financial institution to get pre approved for your car loan in Nova Scotia, you can confidently shop for a vehicle armed with the information you need to know to find the car within your budget.  You also know beforehand what amount you can be financed for, turning your car buying experience a pleasant experience, and not one to be feared.

Get Approved With Bad Credit Or No Credit

If you are looking for a car but don’t think it will be possible to get approved today, the process is actually quite simple.  No matter what your credit score or even if you have no credit at all, we want to get you approved and driving the car of your dreams.


Cars are essential to get to places such as work or school. Without a car, you may have a hard time getting to your job.  Getting rides from friends and family members can get tiring.  Wouldn’t you love to get approved for a car loan in Nova Scotia so you can get your own car?


Many lenders understand that and want to get you the help you need.  All you need to do is call a helpful loan officer or log on to the website and you can get approved in minutes.  Infact, you can get approved today, the process does not take long if you start online.  Even if you have filed bankruptcy or have been late on payments before, getting a loan is easy.  Some people think if they have had a car repossessed before, that there is no way they will get approved for a loan.  It can happen if you just go to the right type of loan center.  Someone who is genuinely concerned about getting you the best loan at the best rate so you can get the car you want and need.  Nor more hitching rides from friends or family members. You will finally have the independence and freedom you want by owning your own car.  A friendly loan center will help you get on a plan where you can easily pay back your loan each month and make the payments on time.


While your car loan in Halifax is processing, all you need to worry about is what kind of car you want to drive off in.  You can choose from several different used vehicles.


Get the car financing in Halifax you need today so you can hit the road as soon as possible in your new car.

Checklist: Buying A Car


Whether you have bought many used cars or are thinking about buying a used car for the first time, the process of buying a used car can be intimidating. Not only do you need to be sure that you are making the right long-term decision when you buy a used car, but you also need to be sure that the used car you select is one that you can really afford. Therefore, we always recommend that our customers speak with one of our dealership before buying their used cars so that they can be sure that they are making the best long-term decision for their budget and lifestyle.

Here are a few things that we recommend that you do before buying your used car:

Go over your budget and financing options

One of the most important things for many of our used car customers is budget. The budget for your used car may include the amount of money that you are able to spend for the used car today or it may include the amount of money that you’ll be able to repay on your car loan in Halifax for several years to come. Therefore, there are many options for financing and budgeting – depending on your comfort level and needs. We are proud to offer several different types of financing options that can help you to more easily afford to buy your used car and to ensure that you have low monthly loan repayments. Contact Loan Doctor for more information or to discuss your options.

Look around

Many of our customers spend months researching used cars. They not only want to know what types of used cars are on the market, but they need to know what features and options they can afford to get on their used cars. Because there are so many options and variables out there, it’s important to be sure that our customers take as much time as they need to find the right car for their lifestyle and budgets. Our dealers can also help our customers to determine which cars are best for them by listening to their needs and making suggestions.


Of course, it should go without saying that all used cars should be thoroughly inspected before you drive them off the lot. We inspect every used car inside and out to be sure that they are safe and reliable. We also attach a warranty to used cars that we sell so that our customers can have peace of mind for years to come knowing that their cars are protected.

Contact us today at to get started buying your used car or for more information that can help you select the right used car for your needs.