Skaha Ford's Exclusive Easy Deal
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<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/>The terms and phrases associated with the lending industry can confuse consumers, especially first-time vehicle shoppers. Our team at Skaha Ford in BC is here to cut through the complexity by providing you with the information you need to make a sound decision with our Easy Deal program.

Take variable rate loans as an example. This type of loan has an interest rate that can vary (hence the name) over the term. This variation is commonly based on changing market interest rates and is related to the prime rate used by Canada's major banks and financial institutions when determining interest percentages.

Variable-rate loans are different from fixed-rate loans because the latter has a set interest rate and payment amount that doesn't change throughout the term. Auto loans are primarily fixed because they are easier for consumers to budget for and are more predictable. However, while you may benefit from lower market percentages by choosing a variable loan, it's not guaranteed that the rate won't go up, resulting in higher interest.

Want to learn more? Complete our quick and easy online finance application to help our team at Skaha Ford assess your goals and provide an affordable vehicle and terms to fit your needs.

BC: Take Advantage Of Skaha Ford’s Exclusive Easy Deal

(Posted on May 11, 2022 at 05:31PM by Lee Byard)
A black 2022 Ford F-150 XLT parked at the Skaha Ford dealership in Penticton, BC.Simplicity, selection, success - Skaha Ford is proud to offer our exclusive Easy Deal program to Oliver and beyond. We seek to streamline the financial process, connecting our customers to a fully automated service. Contact us today to learn more.

Convenience proves the cornerstone of our Easy Deal program, with drivers able to complete each step from the comfort of their homes:

Step One: browse our selection of new and used vehicles (including the 2022 F-150 XLT, as pictured to the right). We offer a wide range of brands, trims, and upgrades; and we will ensure you find the perfect option for your lifestyle. 

Step Two: complete our simple financial application. This will allow us to assess your goals and offer a solution that fits your needs. 

Step Three: discover a selection of financial and insurance products, each of which can be tailored for your budget.

Step Four: once approved, select a pick-up time for your vehicle. We will have it ready for you.

The Easy Program ensures that Oliver drivers can quickly access the financial options they need - without demanding an excess of time or patience. Start the process today by viewing our available new and used vehicles. 

To learn more about the Easy Program (or to request additional information about our financing programs) contact Skaha Ford today.
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/>Do you have difficulty understanding the terms and phrases used in the auto financing industry, or are you a first-time buyer? Either way, Skaha Ford’s Easy Deal program is here to simplify the jargon.

What is Finance Placement Fee?
A finance placement fee is a negotiable fee that some dealers charge to cover the cost of arranging financing with a bank or lender. Disclosure of these fees before signing a vehicle purchase agreement is necessary. The Annual Percentage Rate calculations must also include the charge.

Failure to disclose these brokerage fees may breach the Business Practices and Consumer Protection Act in BC and the Disclosure of the Cost of Consumer Credit Regulation.

When taking out a loan to pay for a vehicle, always review the finance agreement in detail. Be sure to pay attention to the amount financed and your down payment, along with the interest rate, term and any additional fees.

With Skaha Ford’s Easy Deal in BC, you’re in the driver’s seat. Our online-shopping program allows you to select your vehicle and financing options to suit your needs and budget. It’s an entirely transparent auto buying experience – one you should check out today! Contact us for details.
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/></a>Are you looking to purchase a new ride with Skaha Ford’s Easy Deal program? When buying a vehicle, you have a few options. You can pay for the car in full using cash or sign a finance or lease contract. However, there are a few things to consider.

Leasing is a popular option for cost-conscious shoppers since these contracts often have lower monthly fees. For example, when you lease a car or truck, you are only paying for the vehicle’s depreciation over the term (which, on average, is three years), and you can return the car at the end of the lease. But if you decide to keep the vehicle, you’ll have to pay the estimated residual value.

What is Estimated Residual Value?
The estimated residual value approximates how much the vehicle is worth at the end of the contract. This approximation is determined by the lender that holds the loan and is based on fair market value. If you cannot afford to pay the buyout in full, you can borrow this amount.

Are you curious about financing or leasing a vehicle? Our Easy Deal’s free online credit approval can help you make the best decision. Apply today!
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/>Do you owe more on your vehicle than it’s worth? Are you wondering if you can still trade it in for a newer ride? You’ve come to the right place. At Skaha Ford, we offer BC shoppers our Easy Deal program, which simplifies the car buying experience and takes the mystery out of auto financing. 

What is Negative Equity?
Negative equity occurs when the value of the vehicle falls below the outstanding balance on the loan used to purchase the car or truck. This is also referred to as being “upside-down” on the vehicle.

When faced with a negative equity situation, you have a few options:

1. Roll the remaining balance into a new car loan. Just keep in mind that this may increase your loan amount, which will cost more interest over the length of your term. You also need to be careful that you don’t borrow more than the vehicle is worth or you’ll be upside down again.

2. Find a way to pay the difference between your trade-in value and the remaining balance. If you don’t have the extra cash on hand, find ways to boost your income. You’ll qualify for a lower loan amount, which will save you money over the course of your term.

3. Hit the pause button. If you owe a large amount on your current vehicle, sometimes it’s best to delay your trade-in by a few months. You’ll have more time to pay down the balance to avoid negative equity.

Want to explore your auto financing options? Our Easy Deal program provides free online credit approvals for a fast decision. Contact our team at Skaha Ford in Penticton, BC, to learn more.
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/>Perhaps you’ve outgrown your sedan and need something larger for your family, or your new job requires the use of a truck. If you’re looking to trade in your vehicle but still owe money against the loan, you might be wondering what your options are if it’s not paid off. If so, our Easy Deal program at Skaha Ford in BC is here to help.

The first step is determining how much equity is in your vehicle. Equity is the difference between your car’s current value and the amount you owe.

The best-case scenario is that your vehicle is worth more than you owe. This is called positive equity. When you trade-in your current model, we can apply that equity towards purchasing a new car or truck.

If you are a first-time borrower or working on rebuilding your credit score, having access to trade-in value reduces the amount you need to finance, increasing your chances of an approval and reducing your lending costs.

Are you interested to know your car’s value and whether you can trade it in for a new ride? Check out our Easy Deal program, which offers free online credit approvals to simplify your car buying experience. Contact our team at Skaha Ford in BC to learn more!
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/>Are you looking to buy a car? You’ve come to the right place! With Skaha Ford’s Easy Deal program in BC, we aim to simplify the auto financing process by providing our customers with online vehicle shopping and credit approvals. We also break down common car loan terms to explain complicated jargon that can confuse first-time buyers. From start to finish, we’ve got you covered.

What is a Credit Score?
Your credit score plays an essential role in your ability to meet your financial goals, like getting approved for an auto loan. This three-digit number is generated from the information in your credit report and can range from 300 to 900 – with 900 being excellent. 

Your credit score shows lenders how well you manage your credit and how risky it may be to loan you money. Creditors often set guidelines on the minimum score required to borrow money. If you have a higher credit score, your chances of getting a lower interest rate are very good. However, if you have no credit history or a low score, it may be more challenging to get approved for a loan with the terms and interest rate that you want.

As Skaha Ford, we strive to get our customers the best auto financing rates in BC. To see how much you might be approved for, complete our online credit application, then click here to take advantage of our Easy Deal program.
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="Two men in suits shaking hands"/></a>Are you looking to finance a vehicle but are perplexed by the terminology? With so many words and phrases used, it can be challenging to know what everything means and what you are paying for. At Skaha Ford in BC, we understand. Our team strives to explain common car loan terms to eliminate any auto financing confusion with our Easy Deal program.

For example, the expression amount financed can mean different things to shoppers. This figure is the actual amount of approved credit that customers can borrow. If you’re buying from a dealership, the amount financed may include all taxes, fees and additional extras, such as an extended warranty or add-ons. However, it does not factor in any down payments, trade-in allowances or cash rebates. Those are deducted from the total.

If you’re saving to buy a Ford or trading in an older model, a down payment or trade-in allowance reduces the amount of money you need to borrow, which improves your chances of an approval. The less you need to finance, also lowers your borrowing costs, including interest charges.

Do you want to know how much you can finance? Our Easy Deal program offers free online credit approvals. To learn more, contact Skaha Ford in BC.
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="A close-up of two hands shaking"/></a>Advertisements and car-buying guides feature all sorts of terms and phrases, which can be complicated for vehicle shoppers to understand. However, Skaha Ford’s Easy Deal program aims to change that. We break down the meaning of common financing terms – like base price – to help our customers make an informed and educated decision.

What is a Base Price?
A vehicle’s base price is the cost of the car or truck without any additional features or accessories. It usually reflects the price of the lowest trim of a vehicle, also known as the base model. Dealerships commonly use the base price in advertisements, providing an enticing lower cost of entry. However, it’s also not the final price you can expect to pay – any fees, upgrades or optional features will be additional.

Base price differs from the MSRP, which the manufacturer sets and is the suggested price that dealerships sell the vehicle for. The actual price that the dealer retails the car or truck for is called the sticker price. Depending on current sales or rebates, the sticker price may be lower or higher than the MSRP, but the base price remains the same.

For more car-buying advice, contact our team at Skaha Ford in BC. With our Easy Deal program, you’re in the driver’s seat when selecting your vehicle, choosing your financing and customizing your payment.
<a href=""><img src="images/upload/Easy_Deal/neweasydeal_resized.jpg"alt="A close up of two hands shaking"/></a>For car buyers who have never traded in a vehicle, understanding the process is essential to maximizing the value of their ride. With Skaha Ford's Easy Deal in BC, we aim to simplify the process to help shoppers make an educated and confident selling and buying decision.

What is Trade-in Value?
Trade-in value reflects the best price that a dealer offers for a vehicle. This amount is then credited from a new or used car purchase, or the dealer may make a cash trade-in arrangement.

For example, let's say a vehicle has a $13,000 purchase price. If the dealer offers a trade-in value of $3,000 for the unwanted car, this brings the new vehicle's purchase price to $10,000. Not only does this save money off the purchase price, but it also makes it easier for car buyers to qualify for auto financing since they are borrowing a lower amount. In addition, a cash down payment also decreases the amount financed, saving vehicle owners additional interest throughout their loan.

Need help getting approved for financing in BC? Contact our team at Skaha Ford to inquire about Easy Deal, or click here to fill out this quick trade-in form.
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