WHY FINANCE WITH Credit Canada Approvals?

The Credit Canada Approvals finance process is fast, competitive, and features offers tailored for specific customer needs.

CAN I APPLY FOR CREDIT ONLINE?

You can apply for financing online at Credit Canada Approvals. Use one of our easy to fill credit applications or if you so choose, chat or call us to complete your application over the phone. It’s that easy!

I HAVE EXCELLENT CREDIT, WHAT CAN Credit Canada Approvals DO FOR ME?

We offer you highly competitive terms, reduced time and effort, and a transparent transaction.

I HAVE HAD PAST CREDIT PROBLEMS, WHAT CAN Credit Canada Approvals DO FOR ME?

Our finance sources provide offers to accommodate most credit profiles. Even with past problems, you will still get the credit you need, the car you want, and respect you deserve at Credit Canada Approvals.

CAN I QUALIFY FOR FINANCING IF THIS IS MY FIRST VEHICLE PURCHASE?

Many Credit Canada Approvals customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. We have great new programs designed and tailored for first time how buyers.

WHAT FINANCE RATE CAN I GET?

Your past credit history, the type of car you’re buying, your down payment, and overall market conditions will all affect the finance rate for which you can qualify.

We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options by filling out a credit application and allowing our network of lenders to find you the best rate and vehicle for your specific needs and credit conditions.

WHAT FACTORS IMPACT MONTHLY PAYMENT?

Down payment, the amount financed, term (length of contract), and annual percentage rate (the yearly cost of a loan) all affect the monthly payment.

HOW MUCH SHOULD I BUDGET FOR MY CAR PAYMENT?

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.

WHAT DOCUMENTS SHOULD I BRING?

All buyers should bring a valid government-issued drivers license, a current pay stub, and a void cheque. Different financing companies may require additional documentation. You may want to ask what is required once a lender has approved your credit application.

HOW CAN I FIND OUT MORE ABOUT MY CREDIT HISTORY?

The major credit-reporting agencies below can provide you with information about your credit history. Both can provide you with a copy of your credit report, which includes your credit score. Contact them via the Internet or call toll free:

HOW ARE AUTO FINANCE DECISIONS MADE?

Financial institutions typically take four major factors into account:

1. Down Payment

2. Vehicle specifics (model, style, age, mileage, and cost)

3. Application information such as income, time at current job, and time at residence

4. Credit history

WHAT DOES YOUR CREDIT SCORE MEAN?

Your credit score is designed to help 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 chances will be getting financed. Four contributors to your credit score are:

1. Timeliness of previous and current payments

2. The length of your credit history

3. The type and amount of your debts

4. Your public records

HOW DOES FINANCING WITH Credit Canada Approvals WORK?

The finance process at Credit Canada Approvals is simple: submit a credit application. We will review your credit application with our network of lenders, and, if approved, they will help you decide which finance offer and vehicle suits you best.