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Can I Get Approved for a Car Loan if I have Bad Credit

Within the widespread landscapes of the Greater Toronto Area and fast pace environment we have all grown accustomed to, it is without a doubt, necessary to have a vehicle if you want to keep up. The luxury of purchasing a car may seem a bit of a far reach for those whom may not have the means to make a big purchase, which often leads to the idea of acquiring a car loan. Car loans hold a lot of benefits: financing allows you to not have to freeze up equity in a depreciating asset, it makes car buying possible for those who do not have enough equity to make a purchase out right, and it allows you to grow your personal credit history.

picture of no down payments?

Can I Get Approved For a Car Loan If I have No Down Payment?

With interest rising for financing options in used car sales, it is important for the buyers to educate themselves on the details and requirements of a car loan. One of the main concerns buyers have when playing with the idea of financing their next vehicle is: How much down payment do I need?

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Car Loan Approvals for the Self-Employed

With self-employment at a rise, and with the demand for car loans also increasing, it is important to address the key factors that will help a self-employed applicant obtain a car loan.

picture of late payments

Obtaining an Car Loan with Late Payments

In the fast pace environment we all live in, it is common for people to miss payments from time to time on their credit cards, phone bills or even a loan. Late payments are detrimental to your credit score and as much as one late payment can drag your score down significantly.

picture of repossession

Car Loans for buyers that have had a Repossession

With the demand of car loans at an increase, the numbers of repossessions in Canada are growing. If the unfortunate event of repossession happens, what does that mean for the buyer?

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Buying a Used Car in Toronto

Your average consumer in the North American market makes a car purchase every 5 years which also means that most people have not had enough experience to be familiar with the used car buying process. Here is a quick guide to help you through your next purchase

picture of good credit

Obtaining an Approval with Good Credit

Within North America, people are increasingly becoming more dependent on using credit to make big purchases such as a house or a car. By having good credit, these purchases are made with more ease and more options are available when talking about the products.

picture of being retired

Car Loan Approvals While Being Retired

You are now retired after many years of working, it is time for you to enjoy the fruits of your labour and that means do the things you want to do and buy the things you want to buy. A lot of retirees will eventually want to purchase a new vehicle, whether it is for pleasure or just something new and efficient for daily errands. You may wonder, are there any specific expectations or requirements are needed in order to obtain a car loan as a retiree?

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Getting Approved After Bankruptcy

For the longest time, Bankruptcy is seen as a financial dead end; but with today’s economy, banks and lenders are more understanding that in certain circumstances, it is the logical thing to do. While experiencing financial woes, it is important to pick yourself back up and equip yourself with tools that will efficiently bring you back to comfortable standing.

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Divorcing With a Current Car Loan

Divorce is an end of a partnership. Martial assets split and so does martial debt. When dealing with splitting a current car loan during a divorce, you must be clear in the contract as to what you wish to do with it.

picture of students

Auto Financing for Students

Student at a postsecondary level are at the time of their lives where they transition over to adulthood. During this transition, it is important to acquire tools that will assist them in the work field as much as their studies.

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Get Approved with New Credit

New credit is when you have had no prior or existing trade lines, whether it be telephone line, credit cards, and loans of any sort. If you fit in this category and are wondering if it’s possible to get a car loan, yes you can!

bad-credit

We help you rebuild your credit. Start again but this time more wisely.

We understand that many people, from time to time, have temporary employment or credit problems. Even if your current credit rating has been compromised by bad credit, a low credit score, bankruptcy, repossession, collections, late payments, or a consumer proposal, we can get you approved for a bad credit car loan in Toronto quickly and efficiently.

no-credit

It is never too late to start building your credit.

If you pay cash and live within your means, this would appear to be financially responsible. However, many lenders to not share this point of view. Many look upon no credit as bad credit. We look beyond the numbers and work with our lenders to secure you the best terms and rates for your no credit car loan. A car loan is one of the most efficient ways of establishing a good credit rating, while enjoying the new vehicle you have purchased.

first-time

Stop dreaming. Start driving!

There are a lot of considerations when buying your first car and all these decisions can add up to a rather stressful experience. Let us make your first car loan experience simple and uncomplicated. Our Credit Specialists have worked with many first time car buyers and we can secure you a first time car buyer loan at the best rate and financing terms available. A car loan, paid back promptly, is one of the best ways to establish your credit and improve your credit score, and you get to enjoy your new vehicle while doing it!

student

We will put you on the right CREDIT path!

As a recent graduate, it's time to make your mark in the world. Let us help you obtain a car loan at the best rate and term available. We have years of experience working with new graduates and we can help get you started on your career path by providing you the means to buy reliable transportation. A car loan is the best way to establish new credit or repair current credit issues.

divorce

Everyone deserves a second chance! Start again but this time more wisely.

A divorce can sometimes have a devastating effect on your credit rating. Usually one party gets the car, leaving the other in need of immediate transportation. We understand what you are going through and our Credit Specialists will handle your car loan with courtesy and respect. We'll work with our established lenders to get you the best rates and terms for your loan, along with reliable transportation so you can get on with your life.

self-employeed

You work hard and nothing should be impossible!

Some lenders look at self employed individuals as an additional credit risk. The loan application process can take a long time and involve a lot of unnecessary paperwork. We understand you have a business to run and you need a reliable vehicle sooner rather than later. We have plenty of financing experience with self employed customers and we will work with our lenders to get you the best rates and terms for your car loan, without a lot of red tape.

new

Start building your credit and do it wisely!

There are a lot of considerations and decisions to make when buying your first vehicle. Let our Credit Specialists work with you to get the best financing rates at the best possible terms available. We have the experience and expertise, in helping customers that are new to this country, who have no credit history. A car loan is one of the best ways to establish a good credit rating, while enjoying your new vehicle as you begin your new life in Canada.

bankrupt

Your family deserves a better chance! Start again but this time more wisely.

A bankruptcy has the most negative effect on your credit rating. Many lenders refuse to lend to an individual who has declared bankruptcy. We understand that this is often a chance for a new beginning. Even if you are not discharged you have car loan options specifically designed for this credit circumstance. A car loan can be the first step in rebuilding your credit and re-establishing a good credit rating.

reposession

Life is full of complications but your Car Loan should not be!

If you have had a vehicle repossessed in the past, this does not necessarily disqualify you from obtaining a car loan. Our Credit Specialists will work with you closely to help obtain a car loan at the best rates and terms for your circumstances. We know that a promptly paid car loan is probably the best way to repair your credit after a repossession. Let us help you re establish your credit.

late-payment

Your Late Payments should not stop you of moving forward!

We understand that, from time to time, almost everyone has some temporary financial problems that may result in a record of late payments. Many lenders will penalize you for this with very high interest rates to compensate for a late payment history. Our Credit specialists will go beyond the numbers to better understand your current credit circumstances in order to secure you the best rate and term for your car loan. Put our years of credit experience and expertise to work for you.

retirement

Life starts at retirement! Enjoy the ride.

Just because you are retired it does not mean you have no places to go. We work with many customers on a fixed retirement income and we can get you approved for a car loan quickly and efficiently, so you can get on with your travels. A car loan is one of the best ways of keeping your good credit current, while enjoying your new vehicle.