Frequently Asked Questions
Applying for financing is easy! Here’s what you’ll need:
- A recent paystub, ideally one that lists your year to date income
- Your valid driver’s license
- A void cheque or authorized withdrawal form stamped by your bank
- Proof of residency, such as a utility or phone bill that matches your address
We provide auto loans for people with all kinds of credit backgrounds, guaranteed.
- No Credit
- Bad Credit
- Credit Rebuilding
- Bankruptcy
- Students
- New Canadians
- Working on Commission
- Self-employed
- Repo
In short, an auto loan can be a big help in re-establishing your credit. Your Credit Bureau Report is a snapshot of your credit history, and is looked at by banks before they give out loans. If the activity on your credit report shows missed payments, defaulting on a loan, or a bankruptcy, big banks may become wary of lending.
An auto loan makes a big impression on a credit report, so one of the best ways to overcome a bad credit history is by taking out an auto loan and paying it on time. Because of our strong partnerships with lenders, we can get you approved for an auto loan and give you the opportunity to re-establish your credit.
If you live in Saskatchewan and make $1,800/ month or more, we can offer you vehicle financing!
If you’re struggling with credit card payments or if you’re past due on any of your other loans, Budget Auto Centre can get you approved for vehicle financing. Even if you’ve been facing calls from collection agencies, we can help. We deal with every kind of credit situation and pride ourselves on having the expert knowledge required to get you approved and driving – no matter what.
Yes! One of the best ways to establish credit is with a car loan. Budget Auto Centre specializes in getting people approved for their first no-credit loan at the best rate possible.
A co-signor, or co-applicant, is someone who applies for a loan with you. Even though having a co-signor can help get you a better finance rate, they’re not usually required to get you approved for credit. In many cases the ideal candidate for co-signer is your married or common law partner as naturally they contribute to your total monthly household income.
You bet we will! It’s important to us that our customers get the best value for their trade. Whether it’s an older auto loan, current lease, or a vehicle you own outright, Budget Auto Centre will offer you top dollar for your trade. We have a team of expert auto appraisers ready to look at your vehicle, and our appraisal service is always free!
No! Every day, Budget Auto Centre helps its customers build or rebuild their credit by financing used vehicles with no money down. When you let us work for you to get financing, we work with our lending partners to get you a vehicle you can afford with no money down necessary. In some cases we will require trade equity, or a down payment if no trade equity is available, the average down payment for a Budget Auto Centre ranges from $500 up to $2000 depending on the customers individual cash-flow situation at time of purchase.
Yes! We work with our lending partners to offer open loans. You can pay out your used auto loan whenever you like with no fees or penalties.
Yes! If you’ve been paying an existing high-interest auto loan on time, Budget Auto Centre can often reduce your interest rate to make your vehicle more affordable. If you come back to Budget Auto Centre after fully repaying an auto loan, we can guarantee you an even better interest rate on your next purchase.
No problem! If you don’t live in Saskatoon and can’t get here to pick up your vehicle, get in touch with us. We’ll work out a way to bring you and your vehicle together!
If you’ve had an auto loan repossessed or even completely written off, we can help you. Budget Auto Centre can get you approved at a competitive rate even if you have a repo on your credit report.
Everyone's interest rate is going to be different. Interest rates are dependent on a number of factors including your credit history, the amount - if any - you put towards a downpayment, the value of your trade (if you have one), and the length of your borrowing term.
