Getting Auto Credit as a Canadian can be a confusing affair so we’ll try to explain to make it a little easier for you:
Auto Credit is when you get financing ( a loan ) that can be used to purchase a vehicle.
Typically Auto Credit is obtained at a person’s local bank or through a dealership. There are quite often restrictions on the vehicle you are purchasing when you get auto credit from your bank. The bank wants to make sure that the vehicle you are buying has a value close to the value of the loan. Dealerships will look after Auto Credit once you have found a vehicle you want.
Canada Drives works with Canadians who have either bad credit, good credit or no credit and pair them with dealerships in their area ready and able to help them get a vehicle. Circumstances like bankruptcy and consumer proposal can be overcame and customers will quite often get a variety of cars, trucks, suvs and minivans to choose from within their monthly budget.