Whether you have had a bankruptcy or a consumer proposal or even missed some payments on your credit cards we may still be able to get you approved on a fantastic vehicle!! Call for a pre-approval today!
921 FB users likes Langley Auto Loans, set it to 25 position in Likes Rating for Surrey, British Columbia in Automotive category
Did you know that cell phones are now reporting to the credit bureau? Missed or late payments are lowering beacons scores !!!
What a month so far!!! Busiest ever!!!! Thanks to the best team ever at Langley Auto loans!
Can you say "Hat Trick" !!!! I delivered 3 Dodge Ram 1500 today !!!!!! Seriously what a trip! And one was to a true veteran that is recovering from a parachute mission gone wrong! This is why I love this bizzzzzzzz nus!
Its official we have a new team member !!!!! Welcome aboard Denise Smith we are so excited cant wait till you have us sorted out! :)
No secrets here! The Used Car Appraisal Process – How Does a Dealership Assign a Value to Your Car? As a car dealership manager, two of the most common questions I hear from customers on a daily basis are: 1) How much is my trade worth? and 2) How did you come up with that value? In the past, car dealerships would rely on well-known resources such as Canadian Black Book, local auction pricing, or brokers to place a value on used vehicles. Today, many dealerships are moving to a “Market-Value” method of appraising. This new method uses computer technology to scan millions of vehicle ads online, within a specified radius, and provide the average selling price of the same make/model of the car being appraised. Let’s use an example to illustrate how it works: Joe Smith owns a 2011 Ram 1500 SLT Quad Cab 4X4 truck. He’s considering the purchase of a new truck and he wants to know what fair market value is on his trade. 1) The appraiser does a full walk-around of the Joe’s truck, making note of body/paint condition, tire wear, rock chips, and other general wear and tear items. Joe’s truck is then taken for an extensive road test to review the overall driveability of the vehicle (acceleration, braking, steering, suspension, etc). 2) The appraiser then enters the make, model, trim, and mileage of the truck into the computer. The computer program provides the average selling price of a 2011 Ram 1500 SLT Quad Cab within 50km’s. Let’s use $20,000 for this example. 3) The appraiser then deducts any expense needed to properly recondition Joe’s truck to the point where it’s ready for resale. In this example, Joe truck needs new tires, brakes, and a safety inspection which will cost $2,500. 4) Finally, the appraiser then deducts the expected profit he expects to make on the resale of Joe’s truck to a new customer. Due to the increasingly competitive used vehicle marketplace, dealers can no longer expect to make large profits on the resale of used vehicles. In this case, the appraiser is hoping to make $1,000. 5) The appraisal is finalized at $16,500. To recap: Average market price = $20,000 Less $2,500 for reconditioning Less $1,000 profit Equals $16,500 appraised value At langleyautoloans.com , we utilize market-value appraising to provide our customers with a fair, accurate, and relevant value on their trade every time. If you would like a free, no-obligation trade appraisal, we would be happy to help. Come Discover the Difference at langleyautoloans.com