Car Loans Canada
Auto Loan Approval Guide for Canadians
Getting a car loan approved in Canada can be hard in today’s economy. The banks are strict with who they want to lend money to. Dealerships require cosigners and long employment records. This makes it very hard for the average Canadian to get approved for a car loan.
It’s different in New Car Canada. As long as you make $1,800 per month & have been employed for 3+ months, we will get you approved. Apply from iPhone or Android device or from your personal computer. Our online application is the fastest and takes 30 seconds to complete. 1) Select Vehicle 2) Select Budget and your done. It’s that simple. New Car Canada helps over 10,000 Canadians every month and it will help you as well when you’re looking to get a newer car, truck or SUV.
Did you know that 1/30 Canadians get a newer car every year?
That’s 1 in 6 Canadians get a newer car every 5 years. Look into your family and friends and you will see those numbers. Cars are something we need and want. However it’s not something we should invest our hard earned money into. The truth is, cars depreciate faster than any other large purchases.
Out of 100 Canadians who get a new vehicle, 80% are financing it. Canadians are getting smarter about their money and how they invest it. It’s more valuable to you to invest your money into your mortgage or an investment property oppose to a newer vehicle. Even though we all love NEW cars, we need to understand they are a transportation vehicle not an investment. It’s good to see Canadians are wisely investing their money and not spending their hard earned money on purchasing a car that will depreciate as soon as you drive it off the lot.
Can I really get car financing with NO DOWN PAYMENT?
Yes, 80% of New Car Canada car financing deals across Canada are completed with ZERO DOWN PAYMENT. It’s a popular choice and it’s basically available to everyone, even applicants with less than perfect credit.
What will my interest rate be and how is it calculated?
Interest rates on your car loan are calculated on your credit score. However, your credit score does not impact your approval. Dealer partners within the New Car Canada network look at your future, not your past.
So I have $5,000 dollars to put as down payment on a car or a house? What do I do?
Dealerships and New Car Canada advises you not to invest your money as a down payment as a car and to invest it into a home or an investment property. Of course if you want to bring your monthly payments down you can by putting down money. However, it’s not required to do so.
Can I get a car loan online from anywhere in Canada?
Yes, New Car Canada has partnered with over 100 dealerships across the country. We have dealerships in Ontario, Nova Scotia, New Brunswick, Prince Edward Island, New Foundland, Alberta, Manitoba, Saskatchewan, and British Columbia. Our dealer partners go through a strict approval process before they are approved within our network. It’s in our best interest to only connect you with dealerships that are working with more than 10 lenders.
Its like working with a mortgage broker. His/her job is to get you the best interest rate possible, that’s what New Car Canada and the dealer partners do for you. We get you approved from many lenders and give you the best interest rate. Some lenders will approve you for more money for a vehicle but at a higher interest rate. Other lenders will approve you for less money for a vehicle but a lower interest rate. A representative from one of our dealer partners will show you all options and monthly costs so you can make the best decision for yourself. Don’t go to any other site until you have applied at New Car Canada for 100% FREE for your NEW car.
Can I get approved with ODSP or CPP?
The answer is yes as long as you have a cosigner who will become a primary on the application. Your ODSP or CPP may add additional value approval so you can get approved for a higher amount. To read more about CPP from the Canadian Government click here. To read more about ODSP, visit the government site here.
What Brand of vehicles are available?
New Car Canada can get you approved for up to 55K. Sorry we do not approve for high end sports cars or luxury vehicles. From coast to coast, New Car Canada with its dealer network has over 10,000 cars available from every brand. New Car Canada and it’s dealer partners have every brand available.
Popular financing vehicles are Ford F150, GMC Sierra, Chevrolet Cruze, Honda Civic, Honda Accord, BMW 3 series, Dodge Charger, Ford Mustang, and many more.
Guaranteed Auto Loan Approval Regardless of Your Credit Score
We approve anyone looking for a car loan with:
- Good Credit
- Bad Credit
- No Credit
- Late Payments
- New To Country
Only 3 Requirements To Easily Get Approved For Newer Car
- $1,800 Monthly Income
- Valid License
- Must Be Insurable
Do not leave this page without applying for 100% FREE. New Car Canada is a 100% FREE service for Canadians ONLY offering new and used car loan approvals regardless of credit history. New Car Canada looks at your future, not your past like banks do. If you’re employed and earning $450 per week, your approval rate is 95%+. Click Here to read wonderful testimonials of people who applied and got the car of their dreams.
The Benefits Of Applying Today
- 100% FREE Applications With No Obligation To Buy
- Get Approved For The Vehicle You Want Regardless Of Your Credit Score
- 500+ Vehicles Available With Every Dealer Partner In Our Network
- Affordable Monthly Paymnets
- No Down Payment Required
We provide free service in 8 provinces, Ontario, Nova Scotia, New Brunswick, PEI, New Foundland, Manitoba, Saskatchewan, and British Columbia. We service everyone from Toronto, Ottawa, London, Hamilton, Mississauga, North Bay, Thunder Bay, Sudbury, Sault Ste. Marie, Barrie, Oshawa, Brampton, Kitchener, St. Catharine’s, Niagara Falls, Belleville, Windsor, Bracebridge, Gravenhurst, Collingwood, Orillia, Peterborough, Nepean, Cornwall, Kingston, St. Johns, Saint. John, Moncton, Winnipeg, Brandon, Red Deer, Calgary, Edmonton, Saskatoon, Regina, Kamloops, Victoria, Surrey, Kelowna, Vernon, Prince George, Nanaimo, Fort McMurray, Banff, Moose Jaw, Prince Albert, Swift Current and the rest of Canada. Our dealer network is one of the largest in Canada and always provides free finance to own quotes.