Purchasing a vehicle is a significant investment, and for many, it involves navigating the complexities of car financing. At MJZ Garage Auto Sales, we aim to make the car financing process as straightforward and stress-free as possible. Whether you’re a first-time buyer or looking to upgrade your current vehicle, our team is here to help you understand your financing options and find the best solution for your needs. As a leading automotive repair shop in Maryhill, ON, we are committed to providing exceptional customer service from the moment you step onto our lot. Here’s everything you need to know about car financing at MJZ Garage Auto Sales.

Understanding Car Financing

Car financing involves borrowing money to purchase a vehicle, which you then repay over time with interest. This can be done through a loan from a financial institution, a credit union, or directly through a dealership. At MJZ Garage Auto Sales, we offer flexible financing options to cater to different financial situations and preferences.

Types of Car Financing

Dealer Financing:

  1. Dealer financing is a convenient option as it allows you to arrange your loan directly through the dealership. At MJZ Garage Auto Sales, we have established relationships with various lenders, enabling us to offer competitive rates and terms. This one-stop-shop approach simplifies the buying process and saves you time.

Bank or Credit Union Loans:

  1. Obtaining a loan from a bank or credit union is another popular option. If you have an established relationship with your bank or credit union, you might secure favorable rates. It’s advisable to compare offers from different institutions to ensure you get the best deal.


  1. Leasing a vehicle is an alternative to buying. With a lease, you essentially rent the car for a set period, usually two to four years, with the option to purchase at the end of the lease term. Leasing often results in lower monthly payments compared to buying, making it an attractive option for those who prefer driving new cars every few years.

Factors to Consider When Financing a Car

Interest Rates:

  1. The interest rate significantly impacts the total cost of your loan. Rates can vary based on your credit score, the loan term, and the lender. At MJZ Garage Auto Sales, we work with multiple lenders to secure competitive rates tailored to your financial profile.

Loan Term:

  1. The loan term, or the length of time you have to repay the loan, typically ranges from 36 to 72 months. While longer terms result in lower monthly payments, they also mean paying more in interest over the life of the loan. It’s important to find a balance that suits your budget and minimizes total interest paid.

Down Payment:

  1. Making a larger down payment can reduce your loan amount, resulting in lower monthly payments and less interest paid over time. It also demonstrates financial stability to lenders, potentially leading to better loan terms.

Credit Score:

  1. Your credit score plays a crucial role in determining your interest rate and loan approval. A higher credit score usually translates to better rates and terms. If your credit score needs improvement, consider taking steps to boost it before applying for a loan.

Steps to Secure Financing at MJZ Garage Auto Sales


  1. Getting pre-approved for a loan can simplify the car buying process. It gives you a clear understanding of your budget and shows sellers that you’re a serious buyer. At MJZ Garage Auto Sales, we offer pre-approval services to help you start your car search with confidence.

Choose Your Vehicle:

  1. Once you’re pre-approved, explore our extensive inventory of new and pre-owned vehicles. Our knowledgeable staff is here to assist you in finding a vehicle that meets your needs and preferences.

Review Financing Options:

  1. After selecting a vehicle, our finance team will present you with various financing options. We’ll explain the terms and conditions, helping you choose the best plan that aligns with your financial situation.

Finalize the Loan:

  1. Once you agree on the financing terms, we’ll handle all the paperwork and guide you through the final steps of the loan process. Our goal is to ensure a smooth and hassle-free experience.

Benefits of Financing Through MJZ Garage Auto Sales


  1. By offering in-house financing, we streamline the car buying process, allowing you to secure your loan and vehicle in one place.

Competitive Rates:

  1. Our relationships with multiple lenders enable us to offer competitive rates and flexible terms, ensuring you get the best deal possible.

Expert Guidance:

  1. Our experienced finance team is dedicated to providing personalized assistance, answering your questions, and helping you make informed decisions.

Comprehensive Support:

  • As a full-service automotive repair shop in Maryhill, ON, we provide ongoing maintenance and repair services to keep your vehicle in top condition. This ensures peace of mind and continued satisfaction with your purchase.


Financing a car doesn’t have to be a complicated or stressful experience. At MJZ Garage Auto Sales, we are committed to making car financing easy and accessible for our customers. With our flexible financing options, competitive rates, and expert guidance, you can confidently drive away in a vehicle that fits your needs and budget. Visit us today and let us help you navigate the car financing process with ease.

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