Pros & Cons of Financing

Pros of financing:

  • Financing builds up your credit profile
  • Provides an opportunity to build and improve your credit score & profile
  • many young new drivers don’t have too much of a credit file built up yet. Financing a car can help you establish more of a profile for yourself. Which in turn opens up more new financing/ credit opportunities for your future.
  • Smaller, more flexible and customized payment plans
  • Buy now, pay later and hold on to your savings
  • Financing gives you the opportunity to own the vehicle you want
  • Available even if you have a poor credit rating
  • One day all in shopping

Cons of financing:

  • you have a car payment
  • Sometimes it can be quite costly
  • You must have stable income