With back-to-school season in full swing, students all over Western Saskatchewan are embarking on new beginnings. And whether you’re attending North West College in Meadow Lake, Great Plains College in Kindersley or the University of Saskatchewan in Saskatoon, by now, you might be seeing the importance of having a reliable vehicle to get you to and from campus. Here at PineRidge Ford, we want to help make this exciting transition as simple and hassle-free as possible. In this blog post, we’ve rounded up the best student car deals, as well as secured exciting Ford finance offers and graduate discounts. Here’s the scoop on everything you need to know to get the best deal on a new or used car this back-to-school season.
Not sure whether you’re ready to buy brand new or if you should opt for something used? At PineRidge Ford, we offer an incredibly wide selection of new Ford vehicles right here in Meadow Lake, SK, as well as used vehicles from all makes and models at completely transparent pricing. You’ll see what we paid for the vehicle, what national and dealer discounts are applied, as well as what features may have been added to the vehicle, such as roof racks, step bars, or tonneau covers. This means that you’ll be making the most educated vehicle purchase decision possible.
Financing a vehicle as a student isn’t always easy, especially if you’re still building your credit history. At PineRidge Ford, we offer graduate financing programs with unique discounts for Canadian students, as well as a first-time buyer program to help make your first vehicle purchase as smooth as possible. In addition to these programs, we also have a variety of flexible financing options available. Based on your credit, income, and other factors, our Not to mention, our finance specialists will use their expertise and relationships with lenders to ensure you get the best terms and rates available.
Know Your Needs. From safety to seating requirements to climate conditions (hello, brisk Saskatchewan winters!), there are various factors you’ll want to consider when shopping for your first vehicle. Getting clear on your basic non-negotiables when it comes to your car’s features and specs will save you from needing to buy another in the near future.
Determine Your Budget. If you plan to finance your new car, it’s important to find a payment plan that sits within your means. A good rule of thumb is to ensure your monthly car payments do not exceed 10 to 15% of your monthly income.
Find a Quality Co-Signer. Having a co-signer is a good way to help you get the lowest interest rates on your first vehicle purchase. It’s best to find a co-signer with a high credit score of at least 750 as well as a long credit history. This person could be a parent, grandparent or older professional who’s known for consistently paying mortgages, car loans, etc. and has incurred little to no debt.
The Bigger the Down Payment, the Better. When financing a vehicle, the banks always see hefty down payments as a good sign of your ability to pay off your loan. When banks receive a 10 to 20% downpayment, they view the investment in good faith and will be more likely to approve your loan with low-interest rates and better terms.
Whether you’re shopping new or used, PineRidge Ford has an extensive inventory of quality vehicles from Ford and other makes and models to reliably get you through the school year. For more information about our financing options, student discounts, or the Ford Graduate Program, don’t hesitate to reach out to us anytime. Our team is always here to help!