Car Loan Calgary Frequently Asked Questions

What is the cost?
FREE. There is no cost to fill out an application. We only earn a commission if you are approved and purchase a vehicle. There is no risk, cost or obligation to you.

What if I have bad credit?
Sometimes things happen in life that affects our credit in a negative way. Every person and every story is unique and we respect that. If your credit is at the point where we cannot get you approved, we will tell you what you need to do in order to get approved.

What do you do with my application?
When we receive your application we review it and anticipate which lender is most likely to extend you credit in your personal situation. Before we pull any credit report we will contact you personally to discuss your situation with you.

I have been tuned down before...
If you have been turned down before do not despair. We have lenders that will deal with your situation. In every case, we will guide you and explain what you need to do to get approved.

Will this affect my credit rating?
No. Regardless of how many lenders we speak with in your behalf, it will only count as one inquiry on your credit score.

Privacy / Personal information
We do not share your personal information with anybody without your consent. We are not in the business of selling or sharing your personal information with any other firm or entity.

How much will I qualify for?
Once you send in your credit application we can determine what amount you can qualify for. In most cases it will depend on your income, credit situation and time on the job.

How much down payment will I need?
That will depend on what you would like your payment to be. The more money down the less your payment will be. Sometimes you do not need a down payment.

Can I use my trade for a down payment?
Yes you can. In fact, we want your trade in.

What type of car can I purchase?
That will depend on what amount the financial institution approves you for. You are not limited to any make, model or brand. The bank/lendermay stipulate the mileage and age of the vehicle.

What are the minimum qualifications?
There are many variables in determining this. The best thing for you to do is to submit a credit application and we can go from there.

I've had a repossession less than a year ago. Will I still qualify?
In many cases people have been qualified with repossessions on their record.

I've had a bankruptcy. Will I still qualify?
Yes. We help people in bankruptcy situations every day.

I'm currently not yet discharged from my bankruptcy. Will I still qualify?
Yes. We help people in non-discharged bankruptcy situations every day.

I've never had credit before. Will I still qualify?
In many cases people have been qualified for financing even though they have not yet established any credit.

Will Co-signers help?
Yes cosigners can definitely help but are not necessary.

What are the monthly payments?
Your monthly payment will depend on many different factors. Price of car, interest rate, length of loan, how much money is put down, etc...

What are the interest rates?
The financial institution will determine that when a credit application has been submitted and approved.