If you have bad credit but need to buy a new car, you may be concerned about your credit score preventing you from being able to qualify for a loan. At a traditional dealership, you typically need to have great credit to be able to qualify for an auto loan. Instead of stressing out about…Details
Buying a Car With Bad Credit
Having bad credit can affect your life in many ways. On top of experiencing difficulty obtaining a loan for a home, you might also have trouble financing a car. The good news is that Ontario Auto Approval is here to help you get a bad credit auto loan when you need it.
How to Obtain a Bad Credit Auto Loan
When you have bad credit, no credit or even horrible credit, it is always best to go through the pre-approval process by applying online first. It only takes about 3 minutes and you’ll find out how much financing you could qualify for in an instant. During this process, you will be required to provide some basic information such as:
- Personal identifying details – residency, social insurance number, date of birth, etc.
- The amount of your money that you earn or receive each month
- Employer, if any, and time on the job
- The amount of your monthly rent, mortgage, and credit card payments
When you have completed the application, we’ll contact you shortly to review your details and to set up a time for you to visit our North York used car dealership. You’ll be ready to shop for your next new to you vehicle knowing just how much of a car you can afford. Remember, when you are able to make a down payment, be it small or large, that can really help you keep your car payments low.