Canada Car Loans

Car Loans in British Columbia (BC)

Trying to track down auto financing in British Columbia can be real pain, but we’re here to help. We give you more options than your local bank. We match you with loan providers who approve auto loans for BC residents, no matter their credit rating. You only need to meet a few income guidelines. How much do we charge for this service? Not a cent.

Why don’t we have a look at how the process works?

  1. For starters, you will need to submit a secure online application.
  2. We try and connect you with the best British Columbia auto loan provider for your needs.
  3. If pre-approved, you will be contacted by your new car loan lender by telephone or email.
  4. Finalise your auto financing documents and choose your car from an area car lot.

Approval Considerations

In BC, the average monthly income is $5,581, and 616,000 residents are thought to have bad credit. The higher your credit rating, the cheaper your rates of interest.

For the highest odds of approval, you want to have:

  • Salary Greater Than $1500 Per Month Prior to Taxes
  • At Minimum A Year At Present Workplace
  • Current Loan Payments No More Than 1/2 of Salary

Even if your income doesn’t fulfill the aforementioned prerequisites, you might be able to meet the requirements with a co-signer, larger down payment, or even through BC buy here pay here car lots.

Zero Down Payment Car Loans in BC

Interested in zero down car loans in BC? We help our users find no money down car deals everyday. That said, a down payment is a good idea if you can afford the expense. Divide how much your vehicle costs by five (20%). This is the ideal down payment. However, we do work with zero down car dealers across the province.

Buying a Car with Bad Credit in British Columbia

Read on for some steps you can take to increase your chances of qualifying for a bad credit auto loan in BC.

  • Know Your Credit Score.
  • Supply a Larger Down Payment.
  • Get Someone to Co-Sign.
  • Never Allot More Than 1/5 of Your Income Per Month to Repaying Your Loan
  • If Need Be, Get an Auto Loan Through a Buy Here Pay Here Car Dealership in BC.

Getting a Car With No Credit Check in BC

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Thinking about getting a used car in British Columbia without a credit check? Buy here pay here dealerships may very well be your only solution.

These dealers may be known as:

  • Your Job is Your Credit Car Lots
  • In House Financing Car Lots
  • Bad Credit Car Lots
  • Tote The Note Dealerships

Such car loans are often granted with no credit check.

Alas, you’ll want to take into account a few key disadvantages. We would be careless not to talk about:

In House Financing Dealerships in  British Columbia
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  • Inflated Interest Rates
  • Aggressive Lending Tactics
  • Significant Down Payment Requirements
  • High Mileage Used Cars

But fear not, you may be able to obtain car loans in Canada at more affordable terms than you could expect at a buy here pay here vehicle dealer.

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