FAQ

I've been turned down before. How can AutoCreditCanada.Net Help?

At AutoCreditCanada.Net we use state of the art technology that evaluates your credit profile, available inventory, income, as well as debt factors. Our process ensures that each application will be APPROVED it may just take a little more work than your bank wants to put into it.



I've never had credit before. How can I get pre-approved?

AutoCreditCanada.Net has several First Time Buyer Programs including a very aggressive In-House Program. Make us your first call and you will be driving!!!



How can I know that I'm getting the best financing available?

Getting credit through AutoCreditCanada.Net is unlike any other credit you've ever received. With a single click or call, our own finance company fights with lenders for your loan, giving you instant access to the most competitive financing terms anywhere. And it all starts here, Apply now!



What are the minimum qualifications to get pre-approved?

There are no minimum qualifications to pre qualify! Each auto loan application is evaluated based on the credit profile and equity position. An applicant with previous good auto credit, for example, may not have to meet income and job time requirements; whereas an applicant with a recent repossession would.



I've had a repossession less than a year ago. Can I still pre qualify?

If the repossession was not included in a bankruptcy and there is still a balance on the account, you can still pre qualify. Greater money down requirements may apply and vehicle selection will be limited to newer cars that are still under factory warranty.

What type of vehicle can I get pre-approved for?

The typical auto loan from AutoCreditCanada.Net is for a new, one to 6 year old vehicle with less than 100,000 Kilometers. Nearly every vehicle financed through AutoCreditCanada.Net is eligible for Extended Factory Protection or has the balance of Factory warranty so you won't have to worry about unexpected repairs.

Will Cosigners help me get pre-approved?

A Cosigner may be considered for a Buyer who does not comply with all the credit requirements. The income of the Buyer, however, must meet all the income and budget guidelines without reliance upon the income of the cosigner.

Will inquiries effect my credit rating?

If you're shopping around for an auto loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquiries can actually make getting an auto loan more difficult.

I've had a bankruptcy. Can I get pre-approved?

As long as the bankruptcy is discharged, or you have an Authorization to Incur Debt from the bankruptcy trustee AutoCreditCanada.Net can help.




Why is it important to re-establish my credit?

At some point, most People will need credit in order to obtain the things in life that help us live life to the fullest:

• Home purchase or improvements
• Educations
• Transportation
• Furniture and appliances
• Cell phone and Internet acccess

So if you also find it necessary to obtain any of the list above, it is very important to re-establish your credit in order to be approved through potention lenders.



Should I find a car first before applying for an auto loan?

We recommend that you consult with one of our auto loan specialists first. They can determine how much you qualify for before you start shopping. This method will increase your chances of approval and decrease the number of inquires on your credit report. Inquires may have a negative effect on your credit rating.