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WHAT AMOUNT WILL I QUALIFY FOR?
The amount that you will qualify for is based on a number of
factors. Cutting edge technology is used to determine the
exact amount. Lenders are more concerned with the monthly
payment, not the total loan amount.
HOW MUCH CASH WILL I NEED?
Usually $0 down payment will work, but you can taylor make your payments
to fit whatever your budget may be.
 CAN I USE A TRADE IN INSTEAD OF CASH DOWN?
Yes! Additional cash, however, may be required if there is a
lien on the automobile that you are trading.
WHAT TYPE OF CAR CAN I FINANCE?
Nearly every new or used vehicle financed through autoapprovedcanada.com has
a factory warranty or is eligible for Extended an Warranty so
you won't have to worry about unexpected repairs.
WHAT ARE THE MONTHLY PAYMENTS?
Monthly payments are based on your credit profile and the
vehicle you are purchasing. New and 2 year old vehicles qualify
for extended terms.
WHAT ARE THE INTEREST RATES?
New Rates are based on what the manufacturer is offering at
this time. New vehicle rated are normally substantially better
than used vehicle rates, and can even be as low as 0%.
Your credit profile and loan to vehicle
value ratio will determine the used vehicle interest rates.
The better your credit score, and cash down
payment, the lower your rates will be. In addition, the
vehicle year has an important role. Newer vehicles have better
interest rates.
HOW DO YOU QUALIFY?
There are no minimum qualifications! Each application is
evaluated based on the credit profile and loan to value. An
person with a prior paid car loan, for example, may not have
to meet employment requirements and income; on the other hand,
a person with a recent repossession would.
WILL I STILL QUALIFY IF I'VE HAD A BANKRUPTCY?
We can help where others have let you down.
DOES HAVING A COSIGNER HELP?
A Cosigner may be considered for a Buyer who does not comply
with all the credit requirements. The income of the Buyer,
however, must meet all the income and budget guidelines
without reliance upon the income of the cosigner.
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