The seat of Peterborough County, Peterborough City, is located in Central Ontario, on Otonabee River. It is known as the gateway to the large recreational region, the Kawarthas.
Peterborough is named in honor of a politician, Peter Robinson. In the 19th century, he administered migration of Irish people in this area.
Along the eastern edge of the city runs the Trent Canal. Little Lake is completely surrounded by the city.
The Peterborough Lift Lock is probably the greatest city landmark. This is the highest hydraulic boat lifts in the world, with a rise of 65 feet.
Creator of the idea of Lift Lock, Richard Rodgers, has in his honor many landmarks, such as Rogers Street in the eastern part of the city and Rogers Cove on Little Lake.
Peterborough was known in the past as “The Electric City” because of electric street lights which were firstly introduced here before anywhere else in Canada.
This brought early economic growth of the city, but unfortunately, today it struggles with unemployment. It was recognized as age-friendly and is among the best places to retire in Ontario. Living here is affordable.
Economic situation drives people who live here to find a way to save money on every item they purchase. Most challenging is buying the most expensive items, such as a house or a car.
If you are a resident of Peterborough and you are interested in buying a vehicle in near future, you find yourself an ally. Approval Team will share with you guidance on how to pick a dream car and save money.
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Buying a used car - a more sensible decision
Getting a brand new car may be the desired option, but in times of financial hardships, we have to find a way to get what we need without jeopardizing our future with debts we cannot manage.
And even if you don’t struggle financially, purchasing a used car can still benefit you. Between saving your money for some other desire you have, and knowing that a used car doesn’t lose its value the moment it leaves the shop, purchasing a vehicle a few years older becomes a wise choice to make.
MAKING THE RIGHT CHOICE
Like with any other large purchase, it pays to be informed, that is why we want to let you on a few things you should know when you decide to buy a car.
- Decide on the amount you are comfortable when making a purchase like this and try to stick to it. Keep in mind all the other expenses you have like bills, rent, fuel, as well as some unexpected cost lurking around the corner.
- Find the type of vehicle that fulfills your need and research what is available. No matter if you are looking for a cool car, a family SUV, off-road vehicle or a work truck, there is one out there just waiting for you.
- When you find what you like, find out about it as much as possible. Looking at its history and safety report, completing a full mechanical inspection, taking it on the road are all good ways to find the cars real value.
- Discover your lending options. Even though the banks are usually the go-to choice, going straight to the seller, and the possibility of negotiations, makes car loan lenders the winning alternative.
Making this kind of decision can be daunting, that is why the Approval Team is here for you. We can help you make the right choice.
Apply online – in just 1 minute and with no obligations, and drive the car you want in less 48 hours.
