INFORMATION ON BUYING A CAR IN NOVA SCOTIA

Frequently Asked Questions

Q: How much money can I borrow?
A: Any amount from $500 - $40,000, depending on your ability to repay. Simply tell us how much you're looking for, and we'll try to find the right loan for you. If you are not sure about how much of a loan you can afford to pay, use our payment calculator.

Q: What happens if I complete the online application form and then I change my mind?
A: By completing our online application you are under no obligation to proceed.

Q: How confidential is my application?
A: All applications are treated in the strictest confidence. Your bank, employer and so on will not be contacted without your permission.

Q: What type of vehicle can I purchase?
A: Calgary Car Financing's national network of car dealers and lenders provided bad credit auto loans for the purchase of New or Used - cars, trucks, minivans and SUVs. All makes and all models.

Q: What do I need in order to obtain a loan?
A: Valid driver's license, Proof of income (can be bank statements, pay stubs, tax records), Proof of residence & Current automobile insurance.

Q: Will I need a large down payment?
A: In many cases we can get you approved with no money down. Down payment requirements depend on a number of factors including the type of vehicle financing you qualify for as well as; your credit history, your employment history, the type of automobile you would like to purchase, and your current financial situation.

Q: Can I qualify for a used car loan with a past bankruptcy, consumer proposal or repossession?
A: Yes, you can qualify as long as you have not had a vehicle repossessed within the last twelve months..

Q: Do bad credit auto loans help me to re-establish or fix my credit?
A: Yes, All our lenders report to the major credit bureaus. As you make regular monthly payments this activity is reported to the three major credit bureaus and your credit will slowly improve.

Q: Are there any fees to apply online and am I obligated to purchase if approved?
A: No, This is a completely free service. You are under No Obligation to take the loan approval or purchase a vehicle

Q: Will I require a Co-Signer?
A: Everybody's financial situation is unique. If your credit is not too bad or your financial situation indicates you will able to afford the monthly new car loan payment you may easily qualify without a co-signer.

Q: How do I apply for bad credit auto loans?
A: Go to our online application, fill it out the credit application and we'll contact you with your approval.

Q: Can I choose to purchase either a New Car or Used Car?
A: Our network of franchise auto dealers handle both new and used vehicles. Your local dealer will work with you to put you in a vehicle that best suits your personal needs and your budget.

Q: How long does it take to receive a response to my auto finance application?
A: In most cases it takes less than 24 hours for one of our lenders or dealers to contact you. Please be advised it may take longer if you applied on a weekend or holiday.

Q: What will the interest rate be on my auto loan?
A: Your auto loan rate will be based on a number of factors including, credit score, past credit history and loan type.

Q: I have Poor Credit, can I still get a used car loan?
A: Yes, there is a good chance you will qualify for a car loan or a bad credit auto loans. Click here to apply online and a local dealer will be in touch with you shortly

Q: Can I apply if I don't have any credit?
A: Yes, our lenders offer a number of financial programs which are designed for first time auto buyers who have no credit.

Q: What happens if I take ill or have difficulty in making the repayments?
A: Our lenders can arrange comprehensive insurance policies to help you should the worst happen.

Do you have a question that isn't covered here? Please feel free to contact us and we'll be more than happy to get back to you with the information you require.