- Credit Consultation
- Car Loan
- Used Car Loan
- Bad Credit
- 2nd Chance
- No Money Down
- No Credit Check
What's required for a Car Loan in Canada?
Need a used car loan in Edmonton? Here are a few basics you will need to buy a car, make sure you have all of the following before applying for a car loan.
- Must be employed, most lenders require you must have employment for at least 3 months prior to applying.
- You must have a valid drivers licence.
- Proof of income: with pay stubs, bank statements, job letter to show the lender you have the ability to repay the loan.
- Proof of Residence: Your address needs to be verified by the loan company in most instances the address on your drivers licence along with a utility bill or phone bill is enough proof.
Apply for Financing Now!
NO CREDIT FINANCIAL SERVICES, Edmonton
New to Canada, need a car loan but you keep getting rejected, because you have NO CREDIT HISTORY? Edmonton Auto Zone can help you get an auto loan with no credit in Edmonton, although you do have the minimum credit score or no credit history we can still get you your first Canadian auto loan.
What makes us different? Why get a loan with no credit from Edmonton Auto Zone?
While most major banks or new car dealerships would say to new immigrants they have no credit history so they cannot get the auto loan, even if they have a significant amount of down payment, Edmonton Auto Zone would say "you are approved for a No Credit Car Loan in Edmonton". We understand that no credit history simply means that you have no credit records in this country, this is a big red flag for most lending institutions since they have no idea if you are a good client that will pay them back on time and therefore unwilling to take a chance on your loan. Don't worry we will take that chance with our No credit lending solutions available at Edmonton Auto Zone.
BUILD YOUR CREDIT WITH EACH LOAN PAYMENT
At Edmonton Auto Zone we are not like the major financial institutions, we are affiliated with private investors who have all been in your position. We are able to provide and specialize in high risk car loans with a lower approval requirement than the banks. This would also help you to build credit in Canada, since all of our no credit auto loans are reported back to the credit reporting agencies so that you will be building your credit score with each car loan payment you make.
Requirements for NO CREDIT AUTO LOAN
You must be employed for at least 3 months
Proof of income (pay-stubs, letter of employment)
Valid Canadian License or International License
Proof of Address (utility bill, driver's license)
For more financial services offered click here.
You can also fill out our Online Credit Application.
"In finance, subprime lending (also referred to as near-prime, non-prime, and second-chance lending) means making loans to people who may have difficulty maintaining the repayment schedule, sometimes reflecting setbacks such as unemployment, divorce, medical emergencies, etc. Historically, subprime borrowers were defined as having a FICO scores below 640, although "this has varied over time and circumstances."
These loans are characterized by higher interest rates, poor quality collateral, and less favorable terms in order to compensate for higher credit risk..."
"Proponents of subprime lending maintain that the practice extends credit to people who would otherwise not have access to the credit market. Professor Harvey S. Rosen of Princeton University explained, "The main thing that innovations in the mortgage market have done over the past 30 years is to let in the excluded: the young, the discriminated-against, the people without a lot of money in the bank to use for a down payment."""
Do you need a Car Loan in Edmonton?
Edmonton Auto Zone can help you get a car loan no matter what your credit situation. Whether you have a history of BAD CREDIT, NO CREDIT, BANKRUPTCY or REPOSSESSION we can still get you financed for a new car!
What is a Bad Credit Car Loan?
A bad credit auto loan, also known as a subprime auto loan, is a type of special financing that is available for those who have a damaged credit history and have a credit score of 640 or below; for many lenders, any score that is lower than this is considered to be a high risk investment. While they carry higher interest rates than standard loans, they give you the opportunity to rebuild your credit history and provide you with the buying power for high ticket items, such as a car, truck or SUV.
How Do I Get Started?
Follow our quick and easy three step process below (or just call us at 1 (780) 454-4455) and you could be driving a new car in less than 24 hours.
Are you looking for Auto Financing in Edmonton?
Get pre-approved with Edmonton Auto Zone & Service for a used vehicle with our quick and easy online pre-approval form. Bad credit? No credit? We've got you covered.
If you have had credit problems in the past do not worry. Give us a call and our experienced financial managers will be very happy to assist you. With 40+ years of experience in the automotive industry, our finance managers are very confident in answering any of your financial questions.
Complete the online application below to get started:
Used Car Loan
Edmonton Auto Zone can help you get a car loan!
We work with Calgarian's to help them get a car loan whether you have good credit, bad credit or no credit vehicle financing.
Our fast secure online application makes your car loan as quick and easy as possible. Finding out your vehicle and car loan options is free and comes with no obligation.
We Make a Car Loan Simple, Fast and Secure!
- Simple - Whether you have bad credit or no credit we want to make this the easiest vehicle purchase you've ever had.
- Fast - Our online application only takes two minutes to fill out and many Albertan's gets approved for their bad credit car loan the same day!
- Secure - Your information is 100% protected with our advanced encryption and privacy measures.
APPLY NOW and drive away today in a new car!
Bad Credit Car Loan
Looking for a Bad Credit Car Loan in Edmonton?
Edmonton Auto Zone is one of the best Used Car Dealerships to get a Bad Credit Car Loan in Edmonton.
We can help you if you have bad credit, poor credit or no credit at all with our auto loan and credit rebuilding program. We understand that a variety of reasons can cause your credit score take a turn for the worst. This does not mean you can't get the auto loan and the vehicle you need... or the chance to rebuild your credit.
Regardless of your credit history, we will work with you to come up with the auto financing option that meet your needs.
We can approve:
- Write Offs
- Closed Accounts
- No Credit
- History of Bad Credit
- Multiple Collections
- Missed Credit Card
- Previous Bankruptcy
- Missed Loan Payments
- New to Canada
- Previous Repossession
- Student Loans in Arrears
- Consumer Proposal
Why do we offer sub-prime lending?
We know at Edmonton Auto Zone in Edmonton, Alberta, hat the best way for you to repair and rebuild your credit rating is to make regular monthly payments on a car loan. This demonstrates that you are a reliable and less risky debtor.
With over 20 years experience, our finance specialists can analyze your situation and get you the car you need. No matter what your situation, our network of lenders ensure you the best possible finance options for your budget. We believe that everyone deserves a reliable vehicle to get around and take pride in helping our customers get the best loan rates. We guarantee approval whether you have good credit, bad credit or no credit.
With a variety of used car warranty options available on all of our vehicles, Edmonton Auto Zone can protect your finances should something go wrong. Bad credit car loan financing is easy at Edmonton Auto Zone. Complete our secure online credit application today and we can have you approved for an auto loan on the same day.
2nd Chance Finance
Our network of lenders specialize in providing subprime car and truck loans to people with poor credit and will focus on your current credit situation, not your past credit history. Subprime car loans have higher interest rates and less favourable terms in order to compensate the lender for the higher credit risk.
Rebuild Your Credit With Our
Bad Credit Financing Solutions
Our goal here in North Edmonton is to get you a car loan that you can definitely afford, but one that also rebuilds your credit so you can benefit in the long-term. Edmonton Auto Zone & Service in Edmonton will always work with you to come up with a complete plan that improves your credit. This isn't just getting a car loan and buying a car, but an opportunity to improve or establish your credit while you drive one of Edmonton Auto Zone's great vehicles.
Remember, if you are looking for a bad credit auto loan anywhere in Edmonton, Airdrie, Red Deer, Okotoks, Lethbridge, or anywhere in Alberta for that matter, be sure to contact us.
No Money Down Auto Loans
Looking for No Money Down Auto Loans in Edmonton?
Edmonton Auto Zone provides Bad Credit No Money Down Auto Loans!
If you have bad credit and have recently been turned down by a car dealership for auto financing, you might have been disappointed to find that they wouldn't even consider you or that they wanted thousands of dollars up front in order to offer you auto financing. Although having no money to put down and having bad credit can seem like a difficult situation to be in if you want to purchase a vehicle, you should know that it is possible to get bad credit auto loans with no money down.
At Edmonton Auto Zone, our qualified finance specialist have the contacts and the expertise to help you secure a loan without a down payment. Our Zero Money Down Auto Loans program takes you through the key steps required to get your loan approved and have you driving a better car.
Have you been told by a dealership you need a large downpayment for a car loan approval?
- Have you just been discharged from bankruptcy?
- Is this your first time borrowing money for a car loan?
- Are you just a few months into your new career?
- Are you struggling to find a qualified cosigner to guarantee your repayments?
- Is your trade-in value not adequate for a decent down payment?
No matter what the extent of your finance roadblock, Edmonton Auto Zone's Zero Money Down Car Loan program is the answer for you. Lets take a look at how you can secure your car loan approval and buy the car that's right for you.
Get started today by completing the application below:
No Credit Check Car Loans
We Provide No Credit Check Car Loans
Edmonton Auto Zone expert car loans personnel provide on site financing and everyone is approved!
With a wide selection of pre-owned vehicles to choose from manufacturers like Dodge, Ford, Honda, Hyundai, Nissan and Toyota we are sure to have a vehicle to fit your needs. All our cars go through our full service centre and are safety certified.