Auto Finance Terms

You have done much research and are ready to buy your next new or used car. Do you know how much your credit will impact your buying power? Credit reports are not only used to determine if you qualify for a car loan. The information in your report also tells lenders how much interest they […]

There are reasons for and against financing a car or paying cash. It can seem like a smart idea to buy a car you can afford to pay cash for. It might also seem like a good idea to bolster your credit by purchasing with financing and paying it off quickly with cash in hand. […]

If you live in Toronto, you likely own a vehicle, as major statistics indicate. Whether you do or don’t, at some point in the future, you’re even more likely to be forced to buy a new vehicle. Just like humans, vehicles wear down over time, especially when they’re not maintained, causing you to invest in […]

The time to understand financing is before you purchase a new or used car. Car financing in Toronto isn't difficult to understand as nearly all the same requirements apply wherever you are in Canada. There are six steps to take before financing a car in Toronto, what can help you get behind the wheel of […]

The car shopping process can sometimes feel a little confusing. We try to make it simpler and easier for you here at Faraz Auto Sales. How do we do that for Toronto drivers? By taking care of the finance details. You concentrate on finding the perfect car, and our Finance Centre will handle the numbers. […]

  At Faraz Auto Sales we hear a lot of customers who have their eye on a wonderful vehicle in our constantly evolving inventory of pre-owned cars, but are worried about their ability to get financing. Why? Because a lack of credit or a poor credit history can often be embarrassing for car shoppers who […]