Category Archives: Uncategorized

Vehicle Financing

Navigating Vehicle Financing: A Comprehensive Guide for Newcomers

Introduction: Welcome to Bell Auto’s first podcast, where finance managers Danny and Peter delve into the world of vehicle financing. In this blog post, we’ll explore the key insights shared in the podcast, addressing questions about financing options, building credit, down payments, interest rates, and more. Whether you’re a newcomer to Canada or looking for advice on improving your credit, this post has you covered.

Building Credit as a Newcomer:

The podcast highlights the importance of building credit, especially for newcomers to Canada. Danny and Peter recommend obtaining a credit card upon arrival and suggest exploring newcomer programs offered by banks like RBC and TD. Keeping credit utilization between 30% to 40% is deemed ideal for showcasing responsible money management.

Down Payments and Credit Establishment:

For individuals with limited or no credit history, a down payment becomes a crucial factor in securing vehicle financing. While a high credit score is beneficial, establishing credit through responsible use of credit cards and managing installment payments is equally essential. The blog emphasizes the significance of down payments, advising a minimum of 20% to 30% for those aiming for a $30,000 to $40,000 car finance.

Managing Payments and Credit:

Danny and Peter stress the importance of making timely payments to maintain a positive credit history. Late payments can negatively impact credit scores, affecting future financing opportunities. They encourage clients to stay on top of payments and manage accounts responsibly to build a strong credit profile.

Interest Rates and Negotiations:

The podcast delves into the complexity of interest rates, acknowledging that rates can vary based on individual risk profiles. While Bell Auto works hard to secure the best rates and terms, they note that some factors are beyond their control. Negotiating with multiple lenders and using lower approvals to secure better rates is part of their strategy to offer clients the most favorable financing options.

Choosing the Right Terms:

Danny and Peter share insights into loan terms, suggesting that opting for longer terms can result in lower monthly payments. They advise clients to consider the longest possible terms, enabling flexibility in paying off the loan sooner if circumstances allow. The blog emphasizes the importance of choosing terms based on the vehicle’s age and mileage.

Considerations for Vehicle Models and Years:

The podcast highlights that banks consider the year and kilometers of a car when determining interest rates. While older models may have limitations on financing terms, the emphasis is on choosing newer models for better interest rates and monthly payments.

Conclusion:

Bell Auto‘s podcast provides valuable insights for anyone navigating the car financing landscape, whether they are newcomers to Canada or seeking advice on credit building and responsible financial management. If you have specific questions or concerns about financing, leave a comment below, and the experts at Bell Auto are ready to assist you on your journey to secure affordable and tailored financing solutions.

BENEFITS OF PRE-APPROVAL

Benefits of Pre-Approval

Buying a car can be an exciting process, but it can also be stressful and overwhelming, if you don’t get pre-approval. You have to consider what kind of car you want, what features you need, and how much you can afford. One way to make the process easier and less stressful is to get pre-approved for a car loan. In this blog post, we’ll discuss the benefits of pre-approval and how to get pre-approved for a car loan.

What is Pre-Approval?

Pre-approval is the process of applying for a loan and getting approved by a lender before you go to the dealership to shop for a car. It involves providing information about your income, credit history, and other financial information to the lender. The lender will then review your application and determine if you qualify for a loan and how much you can borrow.

Benefits of Pre-Approval

  1. Know Your Budget

Getting pre-approved for a car loan is one of the best ways to understand your budget. When you get pre-approved, you’ll know exactly how much money you can borrow and what your monthly payments will be. This information can help you narrow down your search to cars that are within your budget, saving you time and energy in the long run. You won’t waste time looking at cars that are outside of your price range, and you’ll have a better idea of what you can afford.

  1. Get a Better Deal

Another benefit of getting pre-approved for a car loan is that it gives you more negotiating power when you go to the dealership. When you have a pre-approved loan offer in hand, you can walk into the dealership with confidence, knowing that you have the financing already in place. This can give you leverage to negotiate a better deal on the car you want. Plus, it can help you avoid any pressure tactics from the dealership to use their in-house financing, which may not be the best deal for you.

  1. Saves Time

Getting pre-approved for a car loan can also save you time at the dealership. Without pre-approval, you may spend hours negotiating with the dealership on financing terms. With pre-approval, you’ll have a loan offer in hand, which can speed up the car-buying process significantly. You won’t have to waste time going back and forth with the dealership over financing terms because you already have the financing in place.

  1. Better Interest Rates

When you get pre-approved for a car loan, you’re more likely to get a better interest rate on your loan. When you apply for a loan, the lender will review your credit history and credit score to determine your creditworthiness. If you have good credit, you may be eligible for lower interest rates, which can save you a significant amount of money over the life of your loan. A lower interest rate means that you’ll pay less in interest charges over time, which means you’ll have more money to spend on other things.

  1. Peace of Mind

Finally, getting pre-approved for a car loan can give you peace of mind during the car-buying process. You’ll know exactly what you can afford and what your monthly payments will be, which can help you make a more informed decision about which car to buy. Plus, you won’t have to worry about financing falling through at the last minute, which can be a common concern for many car buyers. When you have pre-approval, you can shop for your car with confidence, knowing that you have the financing in place to make your purchase.

In conclusion, pre-approval for a car loan is a smart financial move for any car buyer. By getting pre-approved, you’ll have a better idea of what you can afford, have more negotiating power, save time, and potentially get better interest rates. Plus, you’ll have the peace of mind that comes with knowing your financing is already in place. So, whether you’re in the market for a new or used car, take the time to get pre-approved for a car loan before you start shopping. Your wallet will thank you in the long run, and you’ll be able to drive off the lot with confidence. Bell Auto is here to help you with every type of financial situation.

oil change service

Do You Know Everything About Oil Change Service?

Welcome to another Bell Auto blog post. We know how much you invest in your car to keep it safe and working. People might think one of the most common DIY car maintenance jobs is the oil change. But it might be hard for some of us to do it yourself. Before moving to our blog, you might get an appointment for our oil change service. 

An oil change will extend the life of your vehicle significantly and can help keep you and your car safe while on the road. Protect the life of your car by investing in a quality oil change service rather than a cheap oil change.

If you are confused about when is the right time to change, how often to change it, or the best oil for your car, we are here to help.

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Autotrader

The 6 Tips to Consider When Shopping with Autotrader

Although some vehicle owners see their vehicles only as a means of transportation, they can mean very different things for some vehicle owners. While some of them are more willing to change vehicles in specific periods, it may not be easy for those who see their vehicle as the apple of their eye to leave their current vehicle and get on a new vehicle. That’s why, in this week’s blog post, we will tell you about The 6 Tips to Consider When Shopping with Autotrader.

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Christmas gift ideas

The 3 Christmas Gift Ideas

We would like to welcome you to the best time of the year. Everyone enjoys gift shopping, listening to Noel songs, and decorating their home this time of the year. But let’s be honest, gift shopping is the hardest part of Christmas. Because it is tough to find a perfect gift for Christmas for your loved ones. Today we’ll talk about Christmas gift ideas for our loved ones. 

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Used Mercedes-Benz CLA250

Used Mercedes-Benz CLA250 in Toronto ON

 

With their high-level luxury, beautiful styling, advanced technologies, and excellent performance Mercedes-Benz vehicles deliver a delightful driving experience. Suppose you live in Toronto and would like to get behind the wheel of a Mercedes-Benz CLA250 vehicle, but want to limit how much you spend on one. In that case, we encourage you to check out our excellent selection of reasonably-priced used Mercedes-Benz vehicles at Bell Auto!

Bell Auto Inc. has been recognized as one of the Greater Toronto Area’s/GTA’s BEST Automobile Dealers, in the category of pre-owned companies, by Consumer Choice Award. This makes Bell Auto Inc. the only winner in the Greater Toronto Area. 

2017 Mercedes-Benz CLA250 is with Bell Auto difference.

2017 MERCEDES-BENZ CLA 250

You can expect a lot from the 2017 Mercedes-Benz CLA-Class. This 4 door, 5 passenger coupe still has less than 65,000 kilometres! Mercedes-Benz made sure to keep road handling and sportiness at the top of its priority list. Smooth gearshifts are achieved thanks to the efficient 4 cylinder engine, and for added security, dynamic Stability Control supplements the drivetrain.

Top features include leather upholstery, heated seats, tilt steering wheel, power door mirrors and heated door mirrors, power windows, remote keyless entry, an overhead console, and power front seats. Mercedes-Benz CLA250 also prioritized safety and security by including dual front impact airbags, head curtain airbags, traction control, brake assist, a panic alarm, and 4 wheel disc brakes with ABS.

You’ll never lose visibility with rain sensing wipers, which activate automatically when the drops start to fall. You will have a pleasant shopping experience that is fun, informative, and never high pressured.

Please feel free to visit us at 1127 Finch Ave West, North York, ON or online at Bell Auto for more information. We serve clients in Toronto, North York, Vaughan, Markham, Brampton, Mississauga, Ajax, Pickering, Oakville, Milton & the Surrounding GTA!

Mitsubishi Lancer

Used Mitsubishi Lancer in Toronto

 

Welcome to the best quality pre-owned vehicles dealerships, Bell Auto. We are here to touch people’s lives every day. Our mission is to give the best customer experience to our customers.

Bell Auto Inc. has earned a reputation for the quantity and the quality of our vehicles. We meticulously hand-pick every vehicle for our showroom and put each through a rigorous multi-inspection to ensure our customers only have the best of the best to choose from. 

In addition to our beautiful showroom, we have a dedicated financing department onsite to serve you better. There, our award-winning experts can help connect you with the best auto loan. In fact, we work with various state and local financial institutions and lenders so we can help you get the best rates. We also offer many free research tools on our website, including a payment and trade-in calculator. You can also get pre-approved using our secure online application! At Bell Auto Inc., we make it easy. 

Here at Bell Auto Inc., we do it all, including automotive service and repair. Our state-of-the-art service center provides a wide range of services, including tire rotations, oil changes, wheel alignments and much more. Our award-winning team of master service technicians works on all vehicle makes and models, always using the highest-quality OEM parts. Schedule your next visit today using our handy online form, or contact our team today! 

Mitsubishi Lancer

Come test drive this 2016 Mitsubishi Lancer. This 4 door, 5 passenger sedan still has fewer than 40,000 kilometres! It features an automatic transmission, a 4-wheel drive, and a 2.4 litre 4 cylinder engine. Mitsubishi prioritized comfort and style by including 1-touch window functionality, a trip computer, tilt and telescoping steering wheel, turn signal indicator mirrors, remote keyless entry, cruise control, and more. You and your passengers will enjoy the stereo system, including a CD player with MP3 capability, and 4 speakers, providing excellent sound throughout the cabin. With side curtain airbags supplementing the rest of the safety network, you can be assured that you and your passengers will experience top-tier protection. We know that you have high expectations, and we enjoy the challenge of meeting and exceeding them! Please don’t hesitate to give us a call.

CADILLAC CTS

Used CADILLAC CTS in Toronto

 

The 2005 Cadillac CTS could be called the great American sports sedan. It clearly fits that description with its everyday control, exhilarating acceleration and important braking. However, you will probably be surprised and impressed by this newest generation, If you have not been in a Cadillac a couple of times. But driving one of them confirms Cadillac now builds world-class motorcars.

For 2005, a new six-speed primer gearbox is also available for the regular CTS models. Utmost buyers conclude with the automatic, but the new primer is remarkable for its smooth stirring and smooth, easygoing clutch. Both the2.8-liter and 3.6-litre V6 machines are available with the six-speed primer or the more popular five-speed automatic. We would march incontinently to the responsive automatic if the primer was not good. The 2005 CTS also gets a new instrument cluster and a choice of a new 16- inch bus. The interior is still austere, a complaint when the CTS was first introduced, but the quality of some of the soft-touch accoutrements now seems better.

 


CADILLAC CTS 3.6L

The 2005 CADILLAC CTS. This 4 door, 5 passenger sedan provides exceptional value! It features an automatic transmission, rear-wheel drive, and a refined 6 cylinder engine. It includes heated seats, a tachometer, an automatic dimming rear-view mirror, fully automatic headlights, heated door mirrors, power windows, an overhead console, and remote keyless entry. Passengers are protected by various safety and security features, including dual front impact airbags, head curtain airbags, traction control, brake assist, a panic alarm, onStar, and 4 wheel disc brakes with ABS. This car was designed with safety in mind, allowing you to drive with even greater assurance. Our sales staff will help you find the vehicle that you’ve been searching for. We’d be happy to answer any questions that you may have. Stop in and take a test drive!

Mercedes-Benz CLA250

Used Mercedes-Benz CLA250 in Toronto

 

The 2015 Mercedes-Benz CLA250 is a decent option for a used luxury small auto. The CLA is delightful to drive, thanks to its sharp handling and punchy four-cylinder turbocharged machine. It has handsome innards with lots of standard features. The CLA also rates well for trustability. That said, this Mercedes has a confined back seat and a kindly jittery lift.

The Mercedes-Benz CLA is available in two neat situations Mercedes-Benz CLA250 and CLA 45 AMG. The entry-position Mercedes-Benz CLA250 should meet the requirements of utmost shoppers, with its extended features list and important turbocharged machine.

The Mercedes-Benz CLA 250 comes standard with a 208- power machine, an automatic transmission, a 7- inch infotainment screen, Bluetooth, push-button launch, binary-zone automatic climate control, MB-Tex synthetic leather upholstery, forward collision warning with boscage help, a doziness examiner, rain- seeing windshield wipers.

The CLA 45 AMG adds a 355- power machine, stiffer sport-tuned suspense, and larger bus. Available features for both models include a navigation system, a rearview camera, a CD player, a sunroof, leather upholstery, a Premium package ( heated front seats, satellite radio, and a Harman Kardon stereo), and a suite of active safety features.

Mercedes-Benz CLA250

Mercedes-Benz CLA250

Sensibility and practicality define the 2015 Mercedes-Benz CLA-Class. This 4 door, 5 passenger coupe just recently passed the 30,000-kilometre mark! Mercedes-Benz made sure to keep road handling and sportiness at the top of its priority list. Smooth gearshifts are achieved thanks to the efficient 4 cylinder engine, and for added security, dynamic Stability Control supplements the drivetrain. All of the premium features expected of a Mercedes-Benz are offered, including delay-off headlights, front and rear reading lights, 1-touch window functionality, power front seats, heated seats, remote keyless entry, and seat memory. Mercedes-Benz also prioritized safety and security by including head curtain airbags, front side impact airbags, traction control, brake assist, a security system, and 4 wheel disc brakes with ABS. You’ll never lose visibility with rain sensing wipers, which activate automatically when the drops start to fall. We have a skilled and knowledgeable sales staff with many years of experience satisfying our customers’ needs. They’ll work with you to find the right vehicle at a price you can afford. Call now to schedule a test drive.

Mercedes-Benz B-Class

Used Mercedes-Benz B-Class in Toronto

 

The Mercedes-Benz B-Class is undoubtedly a suitable, reliable and delightful vehicle to have. It suited your needs for many years, and you grew to like its external appearance, despite the negative analysis from your fellows. Where this car actually shone was when you were inside it. It had lots of glass and light and an airy ambience of classy practicality. You will miss this car and will most likely get another one in the future when your body struggles to get into anything else. Mercedes-Benz is well done for assembling a vehicle that fits day-to-day tasks better than most while allowing ordinary folks a price point to have Euro brand stardom.

Why are waiting for? Let’s step into Mercedes-Benz B-Class together.

Mercedes-Benz


Mercedes-Benz B-Class

Step into the 2014 Mercedes-Benz B 250e. This 4 door, 5 passenger hatchback still has fewer than 40,000 kilometres! Smooth gearshifts are achieved thanks to the 2 litres 4 cylinder engine, and for added security, dynamic Stability Control supplements the drivetrain. All of the premium features expected of a Mercedes-Benz are offered, including front, and rear reading lights, a trip computer, an automatic dimming rear-view mirror, fully automatic headlights, power door mirrors, and heated door mirrors, rain-sensing wipers, and much more. Storage solutions are integrated throughout the interior, demonstrating thoughtful attention to detail. In the event of a rollover collision, side curtain airbags provide additional protection for outboard seated passengers. Bell Auto Inc. prides itself on providing excellent customer service. Stop by our dealership or give us a call for more information.