Canadian Car
Loans are available if you have no credit established - In fact our
loans help you build credit.
Most
banks, financial institutions and car loan manufacturers will not
approve a cal loan for people who have no credit. They look at No
Credit as almost worse than Bad Credit. The reason for this is that
there is No Credit History to base the loan on. In other words, they
do not know if you have the ability to repay the loan, so they would
rather refuse you than take the chance.
The good news is that
there are some lenders who will grant you a loan based on your
income - not your credit history! While these loan companies do
not deal directly with the public, the do offer auto loans through
our dealer network!
Before you run around from dealer to
dealer getting the credit run around, get pre-approved for your car
loan through us.
With every payment you
make towards your auto loan, it will be recorded on your credit
report and increase your credit score. Provided your payments are
not missed and they are on time, within six to ten months you will
have established credit.
Contact us and get all the
facts.
