When it comes to people who need to buy a car with bad or no credit, it's the burning question.
 
How do I get a car loan with bad credit?
 
First of all the "how" is actually the easy part, there are advertisements all over the place for companies who are willing to help you. The part that people don't seem to think about is the "what."
 
What am I getting into? (the loan process)
What are my payments?
What are my interest rates?
What are my expectations as far as the car goes?
 
Ok ... let's tackle each one of these and by the time we're finished not only is the "how" going to be the breeze, but you will be that much more knowledge about the "what" and you'll avoid a lot of expensive pitfalls that others are trapped into ... so let's get started!
 
What am I getting into? (the loan process)
 
The initial process is easy, you fill out a free application bad credit auto loans, hit the send button and it goes to be taken care of and you'll get a call from someone saying "hey, great news ... we got a conditional approval for you!"
 
You go for the appointment, with license, pay stubs and a void cheque in hand and you select a vehicle.
 
From there the vehicle is sent off for approval by the lender who comes back with the payment schedule, the down payment (if needed) and you have some paperwork to sign off and bingo, you're in a car.
 
What are my payments?
 
It is the Lender who pretty much dictates what your limit is as far a making a car buy. That limit is of course based on your credit history, your current credit situation and of course how much you make.
 
What are my interest rates?
 
Ahh yes, the interest rates. Ok, let me just say it the way it is, because to candy coat it doesn't work.
 
If you have had a bankruptcy, have collections after you, haven't paid off past credit cards, or any bill then DON'T expect the same interest rates that people have who haven't gone through any of the above.
 
Due to the credit accidents you have had, you are considered a risk, until such time as you prove that you can make your payments on time and pay them off in full. So, your interest rate won't be 0% and no you can't demand an interest rate.
 
What are my expectations as far as the car goes?
 
Obviously when you come onto a car lot you are going to see sooo many vehicles that "you need in your life!" What you need to have and what you can have are two different things. Remember that the Lender will say yes or no to the amount of money they are willing to provide you with. They also provide a payment cap and you have to stay within that cap. So if you're thinking BMW but the Lender has said Corolla, then Corolla it is.
 
Now ... keep this in mind. This is only a car, you aren't married to it. The idea here is to get into something that you can afford, that will meet your needs for now for the purpose of rebuilding your credit. After 18 months or so, we can get you out of this car and into something that you want, at a better interest rate.
 
The how is the easy part but you need to be realistic and take responsibility for the accidents that have happened. The good news is though, that there is some light at the end of the tunnel!
 

From the singing animals to bobble heads and everything inbetween. Here is a list of favourite Jeep commercials, let us know your favourite!

In support of our troops, Scarsview Chrysler has made available, to the Red Fridays Campaign, a Dodge Magnum decorated as a tribute to those soldiers who have fallen and those men and women who currently serve our country.

As stated by Karim Ashadali, General Manager of Scarsview Chrysler, "this is the least we could do for our soldiers who have lost their lives and for those who serve our country everyday without hesitation. It is a honour to be able to provide a vehicle to recognize the sacrifice that these men, women and their families endure.
 
To honour those soliders who have lost their lives while serving in Afganistan, one side of the vehicle lists their names with graphics of an Honour Guard. If a picture says 1000 words then this vehicle says a million. You don't have to be a serving or retired military member to understand and feel the emotion behind what this vehicle portrays. While the Magnum was sitting at Scarsview Chrysler before the official handover took place, we have seen people's eyes well up and even the toughest of guys gulp. It truly is something to see!" said Karim
 
The feelings and emotions captured were the responsibility of Yasser Munoz and his team at Rico Imaging. Yasser originally from Cuba but served in the military in Cuba said "while I might not have been to war, I do understand and respect the Canadian Soldiers. I have truly loved this project and am happy to be a part of it"
 
The Magnum will be used by the Red Fridays Foundation at various events throughout the Greater Toronto Area and more specifically for the "Repatriation Memorial Drive and Rally" being held on 31 May 2008.
 
The Magnum has been provided to the Red Friday's Campaign to use for a year, after which it will be auctioned off and the proceeds will be provided to military charities.
 
For more information on the Red Fridays Foundation and the "Repatriation Memorial Drive and Rally" visit their website at http://www.redfridays.ca

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News Coverage Here

In support of our troops and with the Red Fridays Foundation, Scarsview Chrysler has made available a Dodge Magnum decorated as a tribute to those soldiers who have fallen and those currently serving in Afganistan.
 
The Magnum will be used by the Red Friday Foundation at various events throughout the Greater Toronto Area and more specifically for the "Repatriation Memorial Drive and Rally" being held on 31 May 2008.
 
As stated by Karim Ashadali, General Manager of Scarsview Chrysler, this is the least we could do for our soldiers who have lost their lives and for those who face the dangers over there every day. It is a honour to be able to provide a vehicle to recognize the sacrifice that these men, women and their families endure.
 
For more information about the Red Friday's Foundation, the Repatriation Memorial Drive and Rally and how you can get involved please visit the official Red Fridays website.

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Red Fridays

Ken Regular, CTV.ca News
 
Drops of liquid gold were being sold at gas stations Tuesday morning; at least that's how drivers felt after an overnight jump pushed pump prices up right across the country.
 
Vancouver led the country in a race no city wants to win. Motorists on the west coast are paying $1.25 per litre for regular, self-serve gasoline. Parts of southern and eastern Ontario had the lowest pump prices in Canada at a mere $1.08 per litre.
 
The result: a certain amount of east-west envy, which is uncommon in western Canada.
 
The sudden jump just as quickly sparked questions about why gasoline is suddenly more expensive.
 
Gasoline is becoming more valuable by the day due to increases in wholesale pricing. But that's not the whole story. Gasoline inventories in the United States have been falling for weeks, driven in part by problems at some refineries.
 
In a tight marketplace with just-in-time delivery, pricing of a globally traded commodity becomes almost as volatile as gasoline and a pack of matches.
 
But that doesn't make sense to one Atlantic Canadian researcher.
 
"It's getting more valuable by the second actually," George Murphy quipped during a telephone interview with CTV.ca. "I don't know when we go from paying for the gold that it is, to the fools gold value that it should actually have."
 
Murphy is a taxi driver in St. John's, NL. who volunteers with The Consumer Group for Fair Gas Prices. He has built a reputation for accurately predicting pump prices sometimes days in advance.
 
Murphy said the price hike and official explanations make no sense.
 
"It should be a lot lower than it is considering the amount of refined product that is actually out there."
 
He said that reports from the Energy Information Administration shows "something in the order of 300 million barrels."
 
"You'd figure that would be enough to carry you over for a week but apparently it's not," Murphy said.
 
"I've seen numbers like this before and I've seen draws against inventory like this before on the same news that you're hearing."
 
For four years Murphy said the same "excuses" of heavy demand and tight supply have been used to hike prices but once the summer ends and no crisis occurs, "there never was any reason to worry anyway."
 
Murphy will not say there is collusion among the big oil companies to set prices higher, but motorists feel that way.
 
"It's all a sham," an Ottawa woman told CTV News after prices there hit $1.10. "They just put it up, put it up, for no reason whatsoever. Look at the profits they're making."
 
Pricing is a little more complicated than that.
 
Crude oil is traded on international markets. Speculators make money based on what they perceive to be the commodity's price volatility in the coming weeks, months or even years.
 
While they usually only trade large quantities of oil through contracts, their paper chase has "significant influence on market prices," according to Natural Resources Canada's 'Fuel Focus' website.
 
Then there's the spot market for crude, where oil is bought or sold and delivered immediately to the buyer.
 
Crude oil then needs to be turned into products that can be used. Once refineries generate supplies of gasoline, diesel or other products, they are sold to distributors, who in turn sell to retailers, with everyone taking a cut along the way.
 
Even then, the retailer's price is not what shows on the pumps. Federal and provincial governments add on a list of taxes, including:
 
Excise tax;
Provincial tax
GST/HST;
Provincial sales tax; and
Transit tax.
 
According to Petro Canada, on average 35 per cent of the pump price Canadians pay is tax. The Canadian Automobile Association says that number is even higher, as much as 50 per cent.
 
Using Petro Canada's average, without tax Toronto's motorists would be paying 70.2 cents per litre instead of $1.08.
 
No matter where the money is going, drivers are reacting by turning in their gas-guzzling SUVs which were the bread and butter of North America's auto industry as recently as a year ago.
 
"I've got people coming in, trading in SUVs, pickup trucks and buying smaller vehicles," Karim Ashadali told CTV.ca. The sales manager for Scarsview Chrysler in Toronto said demand for vehicles has shifted dramatically in the last few months.
 
"Luckily, we've got small cars ... and we got back into the market. But if we hadn't we would be dying right now," Ashadali said.
 
He credits the rise in pump prices with consumers turning away from SUVs. At one time the four-wheel-drive road monsters were expensive to buy and commanded big resale values. Ashadali said that market reality has been turned upside down.
 
"The depreciation (on SUVs) has gotten so much higher now that people are losing their shirts on them."
 
He added that smaller cars are "keeping their value much better right now."
 
Even choosing to drive a small car would not be enough of a savings for some motorists.
 
"I have a bike," one Halifax woman said while filling her SUV Tuesday. "It's certainly a lot cheaper to fill that up."

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Credit to CTV.ca

Scarsview Chrysler has just been voted "Best Used Car Dealer in Scarborough" by the Scarborough Opinion Survey.
 
CONGRATULATIONS to and The Whole Team!