Well, this will depend on many things, but the most important one is your creditworthiness,which is determined by your credit history. The higher your credit score the lower the interest rate you will get. However, even with bad credit, we can still negotiate for a good loan from most of the lenders we work with.

The credit score is just that, a score/number between 300 and 900 that is generally a numerical
interpretation of your creditworthiness and history. The higher the better and the easier you will
get your car loan. This credit score is usually reached at after the consideration of a few factors
like whether you paid your past debts on time, how long your credit history is, the number and the types of debts that you hold and a few others.

This is not compulsory in many cases, but if you can put up some money, that will be to your advantage because you will decrease your monthly payments a great deal.

As we have said here severally, bad credit does not mean that you should not drive the car of your dreams. In fact, we believe that it is the right of every Canadian to drive a good, reliable car. Thus, we will get you lenders who will be willing to finance your car loan.

Well, there is really no standard rule to this because some people make more money than others.
However, the financial experts advise you to spend no more than 15 percent of your monthly
income on your car payments. This means looking for a car that you can well afford within your
means.

We have products for just about anyone, first time car buyers, those on bad and even no credit,
those on new credit and so on. If in any case you fail to find direct financing on account of no
history, we will introduce you to other car loan products for college students, recent college graduates and so on.

Many things but the main ones include the down payment that you put up. The bigger it is, the
better since it will mean that you pay less in monthly payments. The annual interest loan is also factored in to help determine how much you should pay every month.

Your valid driver’s license, a blank check, a pay stub and any other document that the lenders may ask for

New Car Now is fast, offers personalized services and negotiates with many lenders on your behalf until you get your loan. Fill the online application form now.

There are the main credit reporting agencies in Canada that will send you your credit report when
you request for it, for a small fee. These are Transunion, which can be reached through their
tollfree number 800­663­9980, and Equifax, toll free number 800­465­7166

It is a simple process where we just need you to make the application for a loan. Then once we have your application, we will review it with our wide network of lenders to determine how much money you should get. Once it is approved, we will let you know immediately through email.

At New Car Loans, we work with many financial institutions. We believe that the more we have
on our side the easier it is to get a loan. We work with the Royal Bank, Scotia Bank, Servus
Credit Union, Ford Credit, CarFinco, Dominion Leasing, Trend Financial, TD Canada Trust,
VFC and many others.

Many factors are considered here. For example, your credit history, amount of income, time you
have held your job, the down payment you are ready to put up and the type of car you want and
specific features.