Pre-Owned Truck Loans & Financing

Are you looking for cost-effective deals on preowned or used trucks? Top Link Loan and Leasing has a wealth of experience in offering the best-used trucks and preowned truck finance rates for businesses across Canada. Get in touch with our team today for further information.

Finding the best financing options to suit your business needs

If you are looking to add a truck to your ever-increasing fleet, or you are a newly formed business in need of a commercial truck, it is not always needed to purchase a new truck. Sometimes, buying a preowned or a used truck can not only be a sound business decision for your company but, the loan can be paid off much easier for a used truck than a new truck loan. Keep in mind a truck loan isn’t as easy to finance when compared to a car. There are plenty of options to choose from. With that in mind, Top Link Loan and leasing are the best in the trade helping business owners with preowned and used truck finance and lease options. Give our team a call today to find out more.

Benefits of used truck finance:

  • An affordable alternative to add your fleet to keep up with your business demand.
  • A preowned truck is a good addition if you are starting a new business.
  • Cost-effective finance rates for preowned and used trucks.
  • Customized financing and lease options.
  • Potential tax benefits
  • Low monthly payments

Comprehensive used and preowned truck financing rates in the industry

We provide business owners with the most comprehensive financing rates in the industry. With our experience, our team can help clients finance almost every make and model of used and preowned trucks. Our long-standing relationship with the best Canadian banks enables us to offer our clients the best finance rates in the business. So, if you are a business looking for affordable preowned or used truck finance options, look no further than Top Link Loan and Leasing in Mississauga for a professional and friendly service.

Making your financing experience seamless and enjoyable

Our professional team will make your used truck financing experience quick and enjoyable for you. We take care of managing the entire finance process of truck financing so that you can focus on the growth of your business. Getting a truck loan approved in Canada can be a challenging task, and this is where our experience comes in handy. Give us a call at 905-565-8667 today, and a member of our team will get in touch with you as soon as possible.

Get your used truck loan today!

At Top Link Loan and Leasing, we offer clients a complete line of financing options, including a 0% down payment option, as well as simple interest loans and extended terms for qualified buyers. Keeping your specific business needs in mind, we will be more than happy to offer you a customized quote, including monthly payment options for your preowned truck finance or used truck finance.

If you have any questions about financing or refinancing, we are here to help you in any way.

Call us now at 905-565-8667 or fill our ‘Apply Now’ form and we will contact you as soon as possible.

Refinancing vs. Consolidating Student Loans: Know Which One Is Right for You

For most students, the days of being able to easily repay your debt immediately after graduation are long behind us.

CNBC reports that over 70 percent of college students, or roughly 44 million Americans, graduate with a ‘significant amount’ of student loan debt to their name. The average student loan borrower in 2019 has $37,172 in student loans to pay off, up a whopping $20,000 from 13 years ago, with an increase in monthly payments to match.

The sheer amount of debt facing many students has left people scrambling for an answer. Making college more affordable is a subject of fierce debate among legislators, but what options are available to those who have already finished their education and need a way to manage their debt? While many student loan providers offer variable payment programs based upon factors like income and other bills, students just entering the job market after college can find themselves struggling to make even the minimum monthly payments, and falling behind on these payments can make a huge impact on their credit scores and force people into a bad financial situation that will be difficult to get themselves out of.

Luckily, students are beginning to find that they’re not without options. Much like many other kinds of long-term personal loans, student loans can be refinanced or consolidated to lower the minimum monthly payment in an attempt to get a better handle on your overall financial wellness.

For any recent college graduate reading this (or even a not-so-recent graduate who still struggles with loan payments, as many do much later in life), these ideas are probably already starting to sound pretty appealing. It’s important to note, however, that each of these different options can have a massively different impact on your finances, and which option is right for you (if either option is right at all) will depend heavily on your personal circumstances.

Student Loan Refinancing

Student loan refinancing works very similarly to the refinancing options available for other types of loans, like auto loans and mortgages. Student loan refinancing is when a new loan is taken out and used to pay off existing debt. Essentially, you apply for a personal loan through a private financial institution, such as a bank or credit union, and use that loan to pay off your existing student loans. You then repay the new loan over the agreed-upon period of time, just like you would with an auto loan or home loan.

The goal of student loan refinancing is to obtain more favorable payment terms and an overall lower interest rate than your previous student loan. This way, even if your overall amount of student debt remains to be paid off, you can do so with a more forgiving interest rate so that you pay less interest over time. In addition to helping you save money on interest in the long run, student loan refinancing can help you pay off your debt faster if you choose a loan with a shorter repayment term.

Every lender is unique, but generally speaking, lenders will consider you a good candidate for student loan refinancing if you have stable income, a credit score that is about 650 or higher, and have a low debt-to-income ratio.

Student Loan Consolidation

Student loan consolidation is similar to refinancing in the sense that it replaces several existing loans with one new loan, but it’s executed differently. Instead of applying for a new loan to completely pay off your existing loan, student loan consolidation is the process of gathering all of your smaller loans into one big, comprehensive loan with a more stable set of payment terms, such as interest rate. Most student loans actually consist of several smaller loans given out at the same time, both at the federal and private levels, and these individual loans can all have different terms. Consolidating these loans together into one monthly payment can streamline the repayment process.

Student loan consolidation can be used for many different types of student loans, but there are some requirements you’ll need to meet. To be eligible for consolidation, your loan will need to either be in repayment or in the grace period. If your loan has a grace period, this typically begins when you graduate, when you stop attending school, or if you’re considered to be enrolled less than half-time.

Some types of education-related loans that are ineligible for student loan consolidation include loans that were used for K-12 education instead of college education and loans for post-graduate expenses, such as bar exam prep loans. You also won’t be able to consolidate loans that originated outside of the United States or that were not used for qualified education expenses.

Refinance vs. Consolidation: Which Is Right for Me?

The most important thing to remember when it comes to refinancing student loans or consolidating them is that the two options apply to a number of pretty different situations, and the option that works best for one borrower may not work for another.

For example, as explained by Forbes, student loan consolidation is primarily used as an organizational tool. If your consolidation involves federal loans (and since federal student loans are among the most common student loan type, there’s a good chance that it will) the interest rate on your payments won’t actually decrease. Instead, your new consolidated interest rate is the weighted average of the interest rates on your existing loans, and then rounded up to the nearest ⅛%. The odds are good that this won’t actually cause your interest rate to decrease like it would with refinancing, so you may not save much money through this option, depending on the exact nature of your existing student loans.

Another important thing to note about student loan consolidation is that if you choose to go this route, the outstanding interest on your existing loans will become part of the principal balance of the new loan you take out to pay them off. And even if loan consolidation can give you lower monthly payments, remember that you may be making lower monthly payments over a longer period of time, which means you may pay more interest in the long run.

In the case of student loan refinancing, it’s important to note that if you want to have lower loan payments each month, the trade off might be a longer repayment term, which means that you’ll pay more interest over time than you would with a shorter-term loan. Lenders also might not consider you a good candidate for student loan refinancing if you are unemployed/underemployed or if you’ve defaulted on your existing student loans.

Student loan refinancing also might not be an ideal option if your student loans are federal loans. It’s also important to note that, depending how you initially got your loans, refinancing may force you to miss out on some good perks. USC Credit Union points out that refinancing will cause you to lose any benefits that come with your initial federal loans.

Yes, it’s true: some types of student loans actually do come with benefits. In many cases, federal student loans offer access to programs like federal debt relief, income-based repayment, or even debt forgiveness through public service, such as working a civil service job. Since refinancing pays off your initial loans and replaces them with a new loan, it would mean that you would no longer be able to take advantage of these types of benefits. If your loan includes any of these forgiveness or relief programs, you may want to do the math to figure out if they would be a better long-term option as opposed to completely refinancing the loan.

It’s also worth noting that if you have a combination of federal and private student loans, refinancing might still be an option worth considering. In this case, you may be able to refinance your private loans to get more favorable terms on those and leave your federal loans as they are. That way, you may be able to have the best of both worlds by saving money on some of your loans without giving up the benefits that come with some of your other loans.

Another important thing to keep in mind is that, regardless if you choose to consolidate or refinance your student loans, you might need someone to cosign for your new loan. If you don’t quite meet a lender’s requirements for a loan, having a cosigner could help you get approved when you’d otherwise be turned down. Even if you could get a loan to refinance or consolidate your student loans on your own, having a cosigner might help you get even more favorable terms on your new loan. However, given the risks that come with cosigning a loan for someone else, finding someone to cosign for you might not be so easy.

The Big Question

Which of these options would benefit your own specific situation the most? That’s really the most important question to ask yourself. Figuring out the answer might involve some math (and nobody likes math other than math majors) but reviewing all your options carefully will help you make the right decision and hopefully have an easier time being one of the few and the proud with no more student loan debt. Author Bio: Angela is a Michigan-based writer who enjoys writing about a wide range of subjects, ranging from film to personal finance.

Auto Title Loans – Borrow Money With your Vehicle

It‘s not easy to deal with related financial emergencies every day. Having little financial difficulties is not a big issue. it can be easily handled. But, when having a big budget money related problem creates that situation in which you need an instant amount of cash. These unexpected emergencies unstable your whole monthly budget and taking help from your family and friends will be a very disgraceful task. Getting a fund also becomes more hard for you because of your bad credit background. With your poor credit score, you won’t be able to get a loan from the bank. 

Now the question is “from where you will get a loan with your low credit?”

You are feeling stressed! Don’t worry; here is a way to borrow the fund in a short period of time even if you have a poor credit history. 

With auto title loans, you will be able to borrow the cash by using your vehicle. It is a secured type of loan where for loan security your vehicle title is used as collateral. Your bad credit doesn’t matter because your vehicle is enough for loan approval. Just bring your vehicle title with you and get the fund within a few minutes. 

Auto title loans – Borrow money by using your vehicle.

An auto title loan is a secured loan where you use your vehicle as assets. To get a title loan all you need is a clear title of your vehicle and a proof of income that ensures that you can repay the money that you borrow. You can get your cash in your hand within an hour. All that is checked is the value of your car. You can drive your car every day during the course of the loan.

How much amount can you borrow with collateral loans?

In this loan, your fund depends on two basics, and after judging this basic, your loan amount will be fixed. The two basics are as follow:

#1 The market value:

If the market value of your auto is excellent, then there will be a chance that you will get a better loan amount because your fund is based on the market value of your car.

#2 Condition of vehicle:

The second basic which your cash based on the condition of your vehicle, so it is a must that your vehicle should be in better condition, then you will borrow the best amount of loan.

The reason why auto title loans are best!

No credit check

Title loans do not have any credit checks. You only need your car which is used as collateral for the loan. Good credit history is not required for loan approval. You can get a loan even with your bad credit score.

You do not have to give away your vehicle.

When you get a bad credit car loan, there is no need to give away your vehicle. You can use or drive your vehicle during the entire loan session. 

Get instant cash

The best thing about getting a loan is that you can get instant cash for your needs. The approval process is very easy and simple. The loan amount is based on your vehicle’s condition and market value.

Low-Interest Rates

Some lenders provide the lowest interest rates. Collateral loans offer reasonable interest rates with no prepayment penalties.

Flexible Repayment plans

Most of the service providers offer you to choose a convenient monthly repayment plan because car title loans provide flexible repayment options.

You must avail about some points while you apply for car title loans:

Having proper Information

Before getting a loan, you must be known about the loan terms and conditions and get all the related information about the car title loan. This helps you know the market value of your vehicle and the loan amount you exactly need. 

Known about your vehicle’s market value

Having a vehicle or car in your name is one of the most important requirements for car title loans. If your car is in good condition and has a title in your name, you can get a good loan amount.

Borrowing the appropriate amount 

The amount you borrow is based on your vehicle’s market value. Flexible payment options and affordable interest rates can be easily availed.

Requirements to fulfil for the loan approval :

  • You must have fully paid Vehicle with a clear title
  • A valid Canadian driver’s license
  • Vehicle must be registered in your name
  • Active Insurance showing the Collision Deductible
  • A piece of mail verifying your permanent address
  • Your fully owned vehicle which is not much older
  •  You have collision insurance on your vehicle
  • Spare Key of your vehicle

You can get approved for a loan easily!

Call or apply online and get approved

Give a call or apply online. Once the online application is made, you can get approved for a loan.

Easy paperwork

After the loan approval, you need to submit some basic documents, including your ID proof and driving license.

Keep your car

Once the paperwork is done, you will be able to go home with the cash in your hand and keep driving the vehicle while making the loan payments.

Get money

After the vehicle inspection, we will handover you the funds within 20 minutes.

How To Find a Reliable Loan Provider

When people think about applying for a loan, they usually only consider credit terms, such as the interest rate they pay. In fact, one of the key criteria when applying for a loan is the quality of the lender. Choosing the wrong lender can make your credit experience unforgettable.

The first step in selecting a business loan in singapore is to determine the type of loan for which you are applying. If you have a good credit rating and are not looking for huge amounts, you are probably eligible for an unsecured loan from a regular financial institution. If you have good credit rating but are looking for a very large amount, you may need to apply for a secured loan.

In any case, getting the loan from a large financial institution is almost always the best option. Large financial institutions tend to trust and have millions of clients to prove it. The danger is if you have bad credit and need to ask the alternative financing institutions. Here are some things you can do to help determine if the lender you selected is right for you.

Below are the ways on how to find a reliable loan provider in Singapore:

Determine the type of loan you need. Any institution that lends to a person with bad credit history has higher interest rates than the traditional financial institutions, and you should use collateral to secure your loan. You need to decide which assets you want to use as collateral. Remember, in the event of insolvency, you can risk losing that security. Therefore, this decision should not be taken lightly.

Determine the reputation of the lender. You can do this by contacting the Better Business Bureau or similar organization to find out if the lender has frequent claims from his/her clients. If they are in control of a business or a company that is not in a good position, just transfer your company to another location.

Determine the budget, and then make sure that the selected lender has flexible payment plans that depend on your budget. There are reliable subprime lenders. It takes some time and research to ensure that your credit experience is positive.

Bank Loans Vs. Asset Finance

Many of you reading this may be thinking, what on earth is asset finance? Well put simply, asset finance is a way to purchase equipment without taking out a typical loan. Asset finance allows you to spread payments over an agreed period helping you to avoid paying a one-off lump sum for equipment your business might need to grow.

Bank loans are similar to asset finance in terms of being loaned money to fund business expansion. Loans like these are time honoured and reliable methods of financing a small business but banks often only loan money out to businesses with substantial insurance and because of these terms they are very strict.

What are the Advantages of Bank Loans?

Banks loan money to businesses based on the value of the business and its apparent ability to service the loan by meeting the full payments on time. When a bank agrees to a loan the banking staff do not get involved with any aspect of the business. Once the loan has been paid off there is no more involvement with the bank lender unless the borrower wishes to take out a further loan.

Features and Benefits of Asset Finance

The process of securing asset finance is a lot quicker and easier than approaching your bank for a loan.

You can often get asset finance for all types of equipment, from farm vehicles to office kit. This allows you work with an asset company that has expertise and understanding of various sectors and can react quickly to your queries. You can get answers about asset finance relatively quickly. For example, Asset Finance companies can come to a decision as quickly as 3 hours after you put in a request for the equipment finance. Banks tend to take longer to even consider applications let alone agreeing to one.

With asset finance the equipment being financed is the primary security and this means you keep your banking facilities unaffected. On a more practical note, if you plan on using a piece of equipment over a specific time period (5 years for example) why pay for it straight away? You are better off paying for it over a specific time period and use the money you would have saved to invest in your business.

Another massive business benefit asset finance can bring is the tax efficiency. It is possible to offset your monthly repayments to reduce your tax liability and other methods of acquiring equipment such as outright payment do not carry the same level of tax benefits. Interest rates for small business loans can be quite high and often banks cannot lend enough money in order for a business to meet its needs.

Both methods of financing the equipment for your business have their advantages. Overall your business will benefit more from asset finance if you need funding for equipment for your business. The tax benefits and access to new equipment can bring great benefits allowing your business to grow and expand.

Samantha from Portman Asset Finance is a dog loving, baking fanatic and horror film nerd, she is passionate about sharing her suggestions and tips with a wider audience online and enjoys writing articles that reach out to the readers.

Discerning The Ambit Of Car Finance In Syncopation

Before digging deeper into the topic, you need to analyze the loan credentials first. A loan constitutes a debt, which is evidenced by a definite note. This refers to the gamut of finance, which determines or specifies, among other elements, the repayment date, the principal amount and interest rate. Loans provide the co-modification and reallocation of subject assets for a period of time between the lender and you. Providing these loans is one of the main responsibilities of financial institutions. You can find different variants in this context. These are unsecured, secured, concessional and subsidized and demand loans. Each includes a different market preposition.

The objectivity clause

The gamut of car finance caters to both private individuals and business houses. This elucidates commercial and industrial avenues as well. You have various types of finance for both the sectors. However, you will find that the market proportion differs in every sector since the concerned business contract hire entails tax and cash-flow benefits to business or corporate concerns. Personal car finance is a cohesive, complete subsector of personal finance.

The feasibility quotient

The car loan has gained immense significance since the overall price of vehicles has gone beyond the reach of many purchasers. This is by far, the common perception or norms across various sections of society. The ‘haves’ are privileged enough to differ. But the general lot will always find this to be daunting task if they do not borrow money. Pertaining to personal loans (car), the funding is done either by a retail bank or car financing concern. There are many car manufacturers with their wings for car financing. The noteworthy companies operate through their respective fiscal services flank.

Fundamental characteristics

The financial spectrum includes traditional vehicle loan, straightforward, personal contract procurement, hire purchase and personal contract hire, which implies car leasing. This means that car finance constitutes facets that transcend vehicle leasing. The various platforms of car finance are extremely beneficial in today’s market due to the enhanced worth of the vehicles. You will find that the second hand market also includes auxiliary forms of financing besides undiluted, pure, unsecured loans. The financial annotations and prices go in accordance with several market precedents of one region or country. The economic factor complies with the financial turns and twists of a region, which in turn, affirms and galvanizes the unsecured personal loans bad credit schedule.

The financial matrix

The funding provider can retain the vehicle’s ownership during the concerned contract period for some financing forms. The third party ownership (interim) and compliant leasing related to the concerned obtainer is more complicated in the case of commercial or business assets if compared to your private assets. The car leasing precedent is the most remarkable exception for buyers in the private fold. Both the independent financial brokers and dealers can arrange the loan on your behalf. The mode of operations and functional scale pertains to the commission mechanism in this regard. They provide ready solutions to credit approval. However, their niche lifestyle or cost considerations can demarcate and determine your finance option.

Ways to Eliminate Student Loans

Here is 10 Ways to Eliminate Student Loans.

Of course, all the alternatives to eliminate your student loans listed here aren’t entirely free but rather than wanting your money, these options want your time — often a couple of years. It’s a matter of what your personal situation is like: does spending a few years working for an organization that may not be able to offer you a competitive salary make sense in terms of the total amount of loans you have to pay off?

If you only have a few dollars in student loans, options like teaching are probably not the best bet. But if you have a higher amount to repay, some of these options start looking a lot better.

  1. Teaching:
  2. Peace Corps:
  3. Hospitals:
  4. Army National Guard:
  5. State Government Employment:
  6. AmeriCorps:
  7. Volunteers in Service to America
  8. Employment:
  9. Non-Profit Opportunities for Lawyers and Doctors:
  10. Loan Cancellation:

Read the Full article here on MoneyNing.

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