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FAQ

No we are not…! Canada Easy Finance is one of Canada’s largest specialty auto loan companies and is a division of 30+ franchised dealerships with over 5,000 quality new and used vehicles. So you can be sure that we’ll be able to get you a car loan and into a vehicle you’ve always wanted!

Absolutely No! There is never a cost to for any applications. There is no risk or cost to you.

Our auto loan interest rates range from 0% to 29.5% depending on each individuals credit and type of vehicle being purchased. Once you’ve sent us your name, phone number and email address, a special finance representative will contact you to share your actual interest rate by phone.

Sometimes things happen in life that affects our credit in a negative way. We understand that every person and every situation is unique. We believe everybody deserves another chance. Most of us have experienced hard times leading to a low credit score but that does not make us bad people! No matter what your credit situation is, we will find a way to get you approved!

When you apply for any loan it does normally show an inquiry on your credit which can effect your credit rating. Some companies will send your application to all of the banks “hoping” one will approve you. This means your credit is pulled 5-10 times which is not good for you! We do not do this! After carefully reviewing your information, we contact you, find out the details of what has happened in the past so as to submit you to lender that will approve you! We know who they are and have close relationships with the lenders!

Your personal Information is 100% Private! We do not share your personal information with anybody! Unlike other auto loan services, we are not in the business of selling or sharing your personal information with any other firm or entity.
Immediately after you submit your online application, we receive an email informing us you have done so. We then contact you by phone or email to review your application carefully and present it to the auto finance lender whom is most likely to extend you credit in your situation.

That’s no problem. We have lenders that can deal with almost any situation.

Once we receive your application we can determine what amount you can qualify for.

It’s all based on your credit and vehicle of choice. We have zero down options available for qualified applicants.

That depends on what amount the financial institution approves you for. With 20 + dealerships offering both new and used vehicles, you have many options with us.

 Interest rates are set according to the current condition of your credit. Banks use a credit rating score to determine APR to be set for your auto loan. The credit rating score is normally referred to as FICO or Beacon score. Prime borrowing is usually a score above “630”, and interest rates for a prime customer are generally 9.99% and lower. A score between “300 and 629″ is considered “special finance” or “subprime”. Subprime lending rates will usually fall between 10% and 29.5% depending on your score and present personal circumstances such as owning a home and time at current position. For your exact interest rate, let’s get you in touch with one of our  finance managers today.

We have Zero Down options for qualified applications. Your present credit situation will determine the need for a down payment. The general rule is Prime buyers with good credit qualify for zero down financing. Subprime buyers in Ontario Canada generally should have at least $500 or 5% down and yes, trade-ins count as a down payment. It is always wise to be prepared to have a down payment and then be pleasantly surprised when one is not required.

You must be at least 18 years old. Have a valid Canada Drivers License or a co-signor with one. Gross monthly income of $2,200 per month (Minimum) and at least 3 months on the job to qualify for a car loan.