Frequently Asked Questions

How do I get approved for financing?
If you're over the age of the 18, carry a valid Saskatchewan drivers license and make at least $1800 a month you qualify for auto financing!
How do I apply?
Applying and getting approved for vehicle financing is fast and easy at Budget Auto Centre! Approval is three simple steps away: 1. Apply for financing. Our online contact form is quick, easy to fill out and completely secure. Once you've submitted the online form one of our friendly sales staff will contact you to discuss the details of your application. You're also welcome to CALL US and we can complete your application over the phone. Credit applications usually only take about 10 minutes to complete! 2. Choose your vehicle. Browse our inventory of quality used vehicles and pick the one that’s perfect for you. 3. Come for a visit. At your appointment, we’ll go over payment options and get you test driving your future vehicle! Not in Saskatoon? No problem! We can work with you over the phone to secure your financing and have your vehicle delivered to your door almost anywhere in the province.
I’m visiting the dealership to apply for financing. What do I need to bring with me?

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
My credit is really, really bad, can Budget Auto Centre actually help me?

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
How can I re-build my credit?

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.

How much money do I need to make to get approved?

If you live in Saskatchewan and make $1,800/ month or more, we can offer you vehicle financing!

What if I’m past due on my credit card or behind on other loans?

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.

Can I finance a car with no credit?

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.

What’s a co-signor? Do I need one?

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.

Will Budget Auto Centre take my current vehicle in on trade?

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!

Do I need any money down for my vehicle purchase?

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.

Will my auto loan be an open loan?

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.

Can you lower my interest rate?

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.

I live far away and don’t have a car. What should I do?

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!

What if I have a vehicle repossession on my credit report?

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.

What will my interest rate be?

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.