News In-House Car Financing in Canada

In-House Car Financing in Canada


If your credit is less than perfect, you may wonder how you’ll ever get an auto loan. Perhaps you’ve been tempted by signs throughout Canada at used car lots that promise “guaranteed financing”. Below we’ll explain what in-house financing is, and let you know about all of the opportunities that come with these programs.

In-house financing has been common for quite some time, and is becoming a more appealing option for Canadians looking for bad credit loans. On the lot, pay as you go credit simply means that the dealer is the lender. Instead of making payments to the bank, you pay the car dealer directly.

This is often seen as the perfect option for people with bad credit who can’t get financed elsewhere. If you have recently filed bankruptcy or have repossessions on your credit history, “tote the note” dealers that offer in-house car financing in Canada may be able to get you into a car, without holding your credit against you.

Most In house financing dealers don’t report to bureaus

Repaying this type of auto loan doesn’t necessarily help your credit score, since many of these dealers don’t report your good payment history to the credit bureaus. They will provide you with the second chance that is needed to get into a vehicle though..

The good news is that there are other options. specializes in getting auto loans for bad credit, no credit, repossession, or bankruptcy. We are dedicated to helping people across all provinces and territories get bad credit auto loan financing, quickly and easily.

Car Loans for Bad Credit

Thousands of Canadians have already learned it is now easier than ever to get approved for car loans online in Canada, regardless of their credit history. How do car loans for bad credit work? If you meet a few basic criteria, you can be approved for car financing in Canada:

• You are currently a Canadian resident
• All bankruptcies must be discharged
• Payments must be below 20% of monthly income
• Financing amount must be below 10 times your monthly income
• No repossessions within the past year unless included as part of a bankruptcy

We work closely with lenders in all ten provinces and three territories to help you get back on the road to re-establishing your credit. Simply submit the application online, and you could be matched with a dealer who is ready and willing to pre-approve your request in a matter of 48 hours.

In-House Car Financing in Canada
General Contributor
Janice is a writer from Chicago, IL. She created the "simple living as told by me" newsletter with more than 12,000 subscribers about Living Better and is a founder of Seekyt.

Latest news

Japanese Owl Meaning and Symbolism

If you're wondering about the Japanese owl meaning and symbolism in Asian cultures, the Owl, along with Maneki Neko...

What Are the Signs of Depression in Women

Gender and depression have long been the scope of research in the field of emotional disorders; most authors believe...

Top 7 Superfoods for Men to Stay Young

Superfoods are generally regarded as targeted foods that provide the maximum nutritional benefit - thus these foods are nutritionally-dense...

Best Brain foods for Kids – Boost Brain Power and Keep Sharp

A child's brain is developing rapidly and if you want them to improve their performance in school and their...

7 of the Best Brain Foods for Studying

The foods that you eat can improve the functioning of your brain. Just like drugs, foods have amino acids,...

B12 Shots for Dogs – 10 Key Benefits

The end of 2010, my little dog -- a 7-pound Papillon -- became very stressed after a flood in...

Must read

battery operated security camera

For operating services and vehicle owners, investing in...
- Advertisement -

You might also likeRELATED
Recommended to you