Ontario Car Loan Requirements
- Gross monthly income of at least $1750.00
- Car Loan payments must not exceed 20% of monthly income
- Residents of Canada only
- Ability to acquire valid car insurance
- Not available for private party car purchases
- No car loan repossessions within past year unless included in bankruptcy
Ontario Car Loan Benefits
- Fast, free easy application
- Near Instant loan decisions
- No fees or obligation
- Private and confidential
- Best car loan rates
- Low monthly payments
- Safe and secure
- Multiple special finance managers available on site
- Lenders compete and you save money
- Up to four offers given
- Bad Credit / Bankruptcy OK
- Reposssesions / Collections
- Judgements / Divorce
Car Loan Articles
Used Cars Scams and Buying Problems
Buying a used car isn't easy because it may entail a series of future problems and financial headaches. That's why a vehicle history report is an excellent choice for anyone who is buying a used car.
These reports give you the peace of mind with your purchase
Common Used Car Buying Problems
Unfortunately, there are many used cars with misrepresented condition and value. One of the most common used car scams is the odometer rollback. The odometer the device inside the car which indicates the distance that the car has traveled. It is one of the main variables in determining the value of a use car.An average car in Canada travels about 15, 000 - 20, 000 kms per year. So, if you want to buy a used car that was made in the year 2002, you should expect to see about 80, 000 - 100,000 kms on the odometer. If it reads over 150,000, the car has received some long travels and may not be worth as much since future maintenance costs may be high. But if the odometer reads only 20,000 kms you best question the reading. Unless an person was only doing their Sunday drives, the odometer may have been tampered with.
The Vehicle History Report
Your best option is to obtain a vehicle history report on your desired car. You may ask the Dealership or seller to provide this to you.
Most car dealerships will offer this to you as a free service. It is sometimes seen as a sales strategy, but when showing potential clients it actually shows good intentions and the quality of the car they are selling. For this reason, it is best to ask them for a vehicle history report.
It is a fact that most people looking to buy a used car are unaware of the vehicle history reports existense.
A vehicle history report can be obtained when purchasing vehicles that were manufactured after 1981 and can be offered for both Canadian and American cars..
Apply Now : And be driving your best rated new or used car tomorrow.