FAQ
Not in most cases. Some dealerships will make you believe that a low credit score is the end of the world and that you must do what they say to get you approved. Most banks and institutions look at other factors when approving you for a loan.
Read more here.
In some cases, yes it can decrease your chances of getting approved. When you fill out an online credit application, you don’t know where your information is going to end up. Most of the time your information ends up with a third party. A dealership will pull your credit and send it to multiple banks. Each bank will also pull your credit, hoping one of them will give an approval. If the approval is weak, they will simply skip your applications and move onto an easier one.
Because of this, car buyers end up waiting and filling out hundreds of applications. Pulling this amount of inquiries on your credit report can be damaging.
With Alakra Auto Buying Service, we will show in black and white what you can get approved for. We can help you through the entire processes, or will give you the tools and information you need to find the right vehicle at right price and financing terms.
Read more here.
In some cases, yes, a down payment can help. However, sometimes your down payment can go towards the dealers profit not towards the principle of your loan.
We’re here to ensure that your down payment is used towards your car payment.
In some cases, your trade-in is the money maker for a dealership.
Yes – you can! Dealerships may convince you that it’s not a good idea until you pay down your loan. What they fail to mention is; the more you drive a financed vehicle, the less it’s worth, especially when your interest rate is high.
Read more here.
We don’t sell cars, we don’t do financing, we’re simply your unbiased auto-buying consultants.
Discover more about Alakra here.
The short answer is no, although dealerships often convince buyers otherwise.
Read about The Co-Signer Story here.
We don’t take any money from the dealerships. We charge a small consultation fee of $79.00CAD to go over your credit report. The very same Report that dealerships and the banks/lenders look at.
With Alakra;
- Our knowledge in power
- We eliminate the repetition of different dealerships pulling up your credit report every time you look at a car
- You take control of the buying process
- We minimize the inquires on your credit report
HOW CAN WE
HELP YOU?
Contact us with any question you may have, or use the button below to book a call-back.