Other lenders are most interested in simply getting the best rate of return from the customer. At Car Loans Now, we work hard in our client’s interest. Our purpose and our pleasure is helping you, our customer, purchase the high-quality vehicle you want at the best at rates and terms.
We’ve already helped thousands of people get approved for their new and pre-owned vehicle purchases. We’ve partnered with over 300 dealers nationwide so you have the best opportunity possible to buy the car you want. We make it as easy as possible to buy a car, from application to approval, regardless of your credit.
Yes! One of the best ways to rebuild your credit score is a car loan. If your payments are made on time consistently for the duration of your purchase, a car loan can certainly contribute to an improved credit score. While most lenders report car loan payments to the credit bureau, it’s important to confirm it with your finance provider.
The application process is incredibly quick and easy. The application form can typically be completed online in just two minutes or so.
Once the application has been submitted to Car Loans Now, one of our dealer partners is assigned to help you directly.
The dealer partner will typically contact you within 24 hours to discuss your approval. At peak times, it can take up to 48 hours.
From application to the time you pick up your vehicle is usually from 48 to 72 hours. You could be on the road in just a couple of days!
Your credit application requires only basic personal information. We require your full name, complete address, phone number,and your birth date in order to retrieve your credit report. We also need information about your sources of income and the amounts. We ask only for the information we need to get your credit application approved. Nothing more.
Car Loans Now is a completely free service. We don’t charge our customers a dime to apply for credit through our service. If you’re ever asked for payment, you’re in the wrong place!
If you’ve been turned down for a car loan or any type of credit in the past, it can be discouraging. But just because you’ve been declined in the past doesn’t automatically mean you can’t get approved now.
Car Loans Now has partnered with dozens of lenders and hundreds of dealer partners across Canada. We have incredible financing options in order to get your loan approved. Your odds are better than ever.
Absolutley! We are always here to help! You may have questions or may not know exactly how to complete the application accurately and fully. Our phone team can walk you through the process and settle any doubts or questions you may have. You can reach us Monday to Friday 9AM to 9PM Atlantic Time toll-free at (844) 595-5626.
We welcome your trade-in! If you currently have a vehicle and are looking to upgrade, our dealer partner will perform a comprehensive assessment on your trade. We’ll give you top dollar for your car based on the current market value so you can avoid the hassle of selling your car on your own.
If you owe more on your trade-in than your vehicle is currently worth, the dealership can include the outstanding balance into the new loan to ensure your current loan is paid in full. It’s just another way we help our customers.
Your car loan approval depends on your individual situation. The amount is calculated based on your amount of income and your credit status. We also factor in your current payments on other credit sources such as utilities and mortgage to ensure you aren’t put in a situation where you can’t handle the payment.
Depending on income and credit, approvals can range up to $75,000!
Payment amounts vary widely depending on the vehicle, the loan amount, your credit rating, and your income. Because everyone’s situation is unique, we can provide accurate payment information once your approval has been determined.
We don’t want to put you in a place where you can’t afford the payment amount. We work closely with the dealer partner to make sure your car loan payment is affordable based on your budget. If you’d like more information on payments, feel free to call us toll-free at (844)595-5626.
In most cases, a down payment is not required to secure a car loan with Car Loans Now. Yet, while down payments aren’t typically required, a down payment is a great way to reduce your payments or increase the vehicle purchase value.
We work hard to approve our customers on their own to help build their credit rating quickly. Our dealer and lender network includes dozens of lenders, and we work to get you approved without a cosigner wherever possible.
While we do our best to avoid it, there are instances where a cosigner is required based on credit.
Part of the vehicle purchase process includes a credit check for 99 percent of the lenders our dealer partners use. That said, you need not worry about your credit rating because we are here to help! Whether your credit history is stellar or has a few blemishes, we have lender partners that can offer a financing solution so you can get the car you need and want.
Absolutely! Non-traditional income methods are welcome at Car Loans Now. While most other dealerships won’t consider these types of income, we have lender partners that understand and are willing to help. We can work with any type of regularly-paid incomes: Employment Insurance, Employment Assistance, Child Tax Benefit, child support payments, disability payments, pension income, self employment income, and any other regularly-paid income.
Not sure if your income qualifies? It likely does, but you can call us toll-free at (844) 595-5626 to check.
Yes, definitely! Bankruptcy is sometimes the only solution to get on with life. Our lender partners know that bankruptcy can happen to good, hardworking people, and all you need is a second chance.
There are some great programs and lending sources for our customers who have been in a bankruptcy or are in the midst of one. Whether you’re in (or out) of bankruptcy, are in credit counseling, or are in a proposal, our lenders will work to get your car loan approved. Even if you’ve had multiple bankruptcies, you can still qualify.
In most cases, lenders require a minimum monthly income amount of $1,800 before taxes. However, we have a couple lenders in our stable that can get you approved for a car loan with a minimum of $1,500 monthly income.
Your income doesn’t have to be from a sole source. The minimum amount is based on your combined sources of income, both traditional and non-traditional, to give you the greatest flexibility for your purchase.
Interest rates are calculated based on several factors. Your credit score plays a role your interest rate approval, as well as the year and metrage of the vehicle in the equation, and also the lending institution that approves your application.
No matter your credit situation, we work extremely hard with our dealer partners to secure the best rate possible for the vehicle you want, new or used.
Have you submitted a credit application and not received a response? For most applications, you’ll receive a response within 24 hours. In busy times, though, it can take our dealer partners up to 48 hours to contact you about your approval. If it’s been longer than 48 hours, feel free to contact us by phone toll-free at (844) 595-5626 or email us at email@example.com. We’ll contact you and the dealer partner to get your approval moving quickly!
You may still have questions or concerns that haven’t been answered here. Don’t worry, we’re here to make your car loan and vehicle purchase as smooth and stress-free as possible. Just give us a call toll-free at 844-595-5626 or email us at firstname.lastname@example.org and we’ll answer any questions you may have.
Car Loans Now is your liaison between with a partner dealer in your area and, as such, does not carry inventory at all. We introduce you to a local dealership that carries the best-matched inventory for your needs and wants, according to the information you provide in your car loan application.
While we do supply the inventory, we make sure you get the right vehicle for your needs, no matter where you are across the country.
Without question! You are in control of the entire process, including your vehicle selection. Once your approval is complete, you’ll work directly with one of our dealer partners to select the perfect vehicle for you, according to your budget, your needs, and your wants.
In most cases, yes. While there are exceptions, most of the lenders we work with allow your vehicle to be used for work purposes. In some instances, there may be conditions or limitations based on the lender that approves your application, but your dealer partner will be able to clarify the terms of your agreement when they contact you with your approval.
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