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Frequently Asked Questions

You should bring:

  1. A valid government-issued driver’s license
  2. Your last paystub
  3. A void cheque

Depending on the specifics of your purchase, you may be required to bring additional information.

A down payment is not mandatory in most cases but may be needed to bridge the gap between the total amount you are approved for and the actual price of the car you want.

Yes. Our Dealership Partners will gladly accept your current vehicle as trade and payout any balance owed to your previous lender.

The application process is ABSOLUTELY FREE to all ALL applicants.

Of course. Many customers qualify for financing on their first vehicle purchase.

Once you submit your auto loan application, you will be matched up within minutes with a local Dealership Lending Partner that best suits your needs. They will immediately start working on your approval and contact you to help you find the right vehicle.

Four main factors determine how much you can get approved for:

  • The Vehicle You’re Buying: cost, age, and mileage
  • Customer Information: employment history, residence, and income
  • Customer Credit History: your credit score, debts, past payment history, etc.
  • Down Payment: includes cash down payment and trade-in equity

For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment.

For example, if you make $2,000 a month you should spend no more than $300 on your car payment.

Our Dealership Partners Lenders have programs designed to accommodate no credit ‘first-timers’. No Worries!

Your credit score helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it’s meant to forecast how (and if) you will pay your bills.

The higher your credit score, the greater your chance of receiving a better financing offer from our Dealership Partner Lenders.

Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:

  • The timeliness of your payments, including late payments
  • The amount and type of debt you have
  • The number and age of your credit accounts
  • Inquiries created by applying for credit
  • Public records such as liens and judgments


Credit Tip!

Also, accept your credit limitations. If you are having no luck getting in the car you want because the price is out of your credit range, get something else in your range to rebuild your credit, or try to clean up your credit and try again next year.

Whether you have been recently discharged from Bankruptcy or are currently in Bankruptcy or Consumer Proposal, our Dealership Partners have the right finance options that will get you approved for a vehicle quickly, and help rebuild your credit.

If you are a New Permanent Resident of Canada or are here on a Canadian work visa, or a first time buyer with little buying experience our Lenders Affiliates have finance options available to get you driving quickly with the right vehicle for your budget