Online Credit Application - Step 3

The goal of this online credit application is to authorize you a specific amount for the buying or leasing of your new vehicle. The minimum of cash required is $500 but it may vary, according to the type of vehicle. Car mileage and equipment can affect the market value in the 'Canadian Black Book'. This book is the banks' reference to establish the value of used vehicles and their risk factors. All of our vehicles financed with the second chance credit are delivered with a 2-year, 40 000 km limited guarantee on the major components including 24-hour road assistance (1996 and up models with less than 130 000 km). Even if you bought a used vehicle, you will not have to deal with the monthly payments and the payments of the repairs at the same time, which could eventually cause a delay in your payments. We truly want to help you to re-establish your credit in a maximum of 2 to 3 year delay.

We can establish your monthly payments on a longer term to offer you a lower payment. When you will have completed 2 full years of re-established credit, we will offer you to refinance your loan at a reduced interest rate or if you wish, to refinance a new car. Concerning our interest rates, they vary between 8.5% for a new vehicle and 24.95% for a used car of 7 years and older. The interest rate is based on the year of the chosen vehicle and can be raised by 3% depending on the creditor's risk factor (the interest rate is decreasing and not compound like a credit card or a line of credit).