How to Finance a Quad in Calgary
October 14, 2022
We’re Edmonton-based motor sports finance and insurance experts who have been helping clients across Alberta purchase machines for over 50 years. We provide turnkey finance options for new and used snowmobiles, ATVs, quads, side-by-sides, utility vehicles, watercraft, motorcycles, trailers, boats, and more. We pride ourselves on offering top-notch customer service and aim to make financing a simple and transparent process for each and every buyer. We understand that each financial situation is unique and we will work with you to determine your best foot forward.
If you’re in the market for a quad in Calgary, you may be wondering how to finance your purchase. There are a few different options available to you, and the best way to finance your quad will depend on your individual circumstances. In this blog post, we’ll explore a few of the most popular financing options for quads in Calgary so that you can make the best decision for your needs.
One of the most common ways to finance a quad is through dealer financing. Many dealerships in Calgary offer financing options, and they will often work with you to find a plan that fits your budget. One of the benefits of dealer financing is that you can usually get approved for financing even if you have bad credit. However, one of the drawbacks of dealer financing is that you may end up paying more in interest than you would with other types of financing.
Another option for financing your quad is to take out a personal loan from a bank or credit union. Personal loans can often be obtained at lower interest rates than dealer financing, but you will need to have good credit to qualify. One of the benefits of taking out a personal loan is that you can use the loan for anything you want, not just for your quad. However, one of the drawbacks of personal loans is that they can be difficult to obtain if you have bad credit.
Leasing is another option that is available for people who are looking to finance their quad purchase. When you lease a quad, you make monthly payments over a set period of time, and at the end of the lease period, you have the option to purchase the quad outright or return it to the dealership. One of the benefits of leasing is that it can be easier to get approved than with other types of financing. However, one of the drawbacks of leasing is that you may not have as much flexibility with how you use your quad since it technically belongs to the dealership until you purchase it outright at the end of your lease term.
There are a few different options available for people who are looking to finance their quad purchase in Calgary. The best way to finance your quad will depend on your individual circumstances and needs. Talk to a sales representative at your local dealership or speak with a loan officer at your bank or credit union to learn more about your financing options and which one would be best for you.
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