Your credit is like trust: It takes a long time to build but a very short time to ruin. Gaining it back can be a very slow and expensive process. But it does not have to be that way.

At Tilbury Auto Sales we deal with most of the prime banks and several non prime lenders as well. We also have our own in-house lease plan. We can show you how to save money on your next vehicle/trailer purchase or how to shorten the road to re-establishing your good credit while getting you into your next vehicle. Regardless of your credit history or your current credit challenges we can help you! Let us show you how. Apply securely online now! (Application processed securely by DealerTrack Canada )

Should I use my line of credit to purchase a vehicle or trailer?

The answer to this question surprises most people. Those who choose to use their line of credit to finance depreciating assets usually look at interest rate only. Their thinking is a lower rate of interest means less cost involved. This can be deceiving. A 7% line of credit can cost you thousands of dollars when comparing to a rate of interest of 8% on a fixed loan. Ask Mark to show you how.

There are also many other factors to consider:

• Rates fixed - easier to budget for payment -- Floating Rate, may increase
• Fixed Term - will be able to trade earlier verses an Open Term
• Open loan can be paid off with no penalties --Same as Line of Credit
• Only Security required is vehicle while a Line of Credit is a Chattel Mortgage & Promissory Note
• Convenience: All necessary documents at Dealership verses 2 Visits to Bank for LOC
• Allows Line of Credit to be left for Investment Opportunity or Emergency Freeing up your money so it can be available for the more important things in life is what it is all about. Ask Mark for details.