FAQ About Car Loan Financing in Canada

Auto Loan Specialist

Frequently Asked Questions

How does financing with Auto Loan Specialist work?

The finance process at Auto Loan Specialist consists of 3 steps.

Step 1: Online Application Form

To start the process all you need to do is fill out the quick online application form. By completing the form we will have a true understanding of your needs and budget.

Step 2: Review Your Loan

Once we receive your online application form, our Car Loan Specialists will work on securing the lowest possible interest rate, while keeping the payments within your desired budget.

Step 3: Approved Bank Loan

We have a large selection of vehicles to fit your approval. All you need to do is choose the vehicle of your dreams and we will have it delivered straight to your door. It’s that simple!

How can I qualify for a Pre-Approval?

Canadian resident

Have a drivers license

Minimum $1800/month income

Proof of employment

18 or 19 years old depending on your province

A void cheque or pre-authorization form

Proof of address

Consent to a credit rating check

Can I apply if I have bad credit?

A majority of our approvals are for Canadians with below average Credit. Don't stress, let us work on getting you approved today!

I've declared bankruptcy. Can you Auto Loan Specialist get me approved?

Yes. At Auto Loan Specialist our lenders offer programs tailored to bankruptcies and consumer proposals. Let us help you get back on track today!

I'm new to Canada. Can Auto Loan Specialist get me approved?

Yes! Our lenders have financing programs for new residents of Canada. You may need to provide the following:

1.)Proof of Permanent Residency

2.)Proof of Income

3.)Valid Work Permit or Work Visa with an Expiry Date.

I have had past credit problems, what can Auto Loan Specialist do for me?

One of the best ways to build your credit is an auto loan. Apply today and choose a monthly budget that you can afford. An auto loan with clean payment history, will report to the credit bureau, and make a positive impact on rebuilding your credit.

I have a prime credit score, what can Auto Loan Specialist offer me?

We can secure you the best terms, reduce your time wasted driving from dealership to dealership. Perhaps you're having a difficult time locating a specific vehicle, we can help you find it. You can expect a fast, simple, and easy transaction. We will even deliver the vehicle to your door!