What’s my interest rate for my car loan?

Interest rates can vary depending on the age of the vehicle you are buying, your credit file, credit score, assets and liabilities. Our rates start at 4.29%* for brand new cars. 

* based on a commercial contract for a new vehicle with specific criteria.

Can I exit my loan early?

Yes, generally, if you are not in a lease, loan exit fees are minimal, as low as $10 for every month you terminate early, i.e. 10 months early $100 fee. Please ask your broker for details on your

specific loan and lender.

Do I get charged if I’m unsuccessful?

There is no charge to you if your application is declined. Our fees are charged to the lender, not to you.

What’s the difference between a loan and a lease?

A lease is for business use and will be 100% tax-deductible. However, you will also have large break fees if you try to terminate your lease early.

Will it show on my credit file if I’m declined?

No, it does not show on your credit file as a “declined”. It shows as an enquiry for finance only. More than six enquiries in 12 months may slow your finance application.

How long does the entire process take before I can pick up my vehicle?

Once your loan is approved and signed by you, we can potentially settle your deal and pay into the vendor’s bank account within 24 hours.

What do I need to supply in order to get a loan?

To speed up your loan application, we will require three specific documents—your proof of income, your id and a receipt for the goods you buy. 

What is the minimum amount of money that can be approved? 

We can potentially get you a loan for any amount over $4,000. Some exceptions may apply.