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If you're having challenges getting approved, Team Ford has solutions for almost every credit situation. Our financing tools and credit specialists will help you get back behind the wheel with affordable auto loans.
Team Ford offers convenient in-house financing solutions that will get you on the road fast. We report our loans monthly to the major credit rating suppliers in Canada so your creditors know you have a car loan in good standing.
In addition to Go Finance, our in-house finance company, we also work with other world-class financial institutions to give our customers access to the best car financing rates and widest variety of options.
At Team Ford, bad credit isn't a barrier to buying a car. We have financing tools and credit specials on hand to help you get back behind the wheel with affordable car loans.
Our team has helped thousands of people who have had trouble getting a car loan through conventional sources. We'll help you finance a car or truck with bad credit or no credit in Edmonton, AB or as far as BC or the NWT.Apply for bad credit financing
Buying a new car is a great way to establish a credit score, and Team Ford can help you get credit for the first time. Stop waiting and get on the road.
Our finance sources provide offers to accommodate most credit profiles. Even with past problems, you will still get the credit you need, the car you want, and the respect you deserve as a Team Ford customer.
Many Team Ford Customers qualify for financing on their very first purchase. Even if this is the first time you've bought a car, we can offer you a number of options.
Being the biggest auto group in Canada, we have the ability to set up our own financing solutions in order to help our customers get driving. You could say we set our own rules.
What are your goals? We all have different priorities—in cars, life, and finances. When deciding on leasing vs. financing, what's right for one person can be totally wrong for another.
Generally, leasing offers lower monthly payments than financing as well as the benefit of owning a new car every two or three years. However, financing offers its own set of advantages.
Luckily, we have a team of finance experts who are happy to help you find the best option for you. Call Team Ford at 587-520-9908 to book a free consultation.
To drive a new car every two or three years
Lower monthly payments
The latest safety features and a car always under warranty
You Don't Mind
Trading in or selling used cars privately
Building ownership equity
A stable, predictable lifestyle
An average number of miles to drive
No problem properly maintaining your car
To build up trade-in or resale value (equity)
Complete ownership of your car
The feeling of being payment-free after paying off your loan
The freedom to customize your car
To drive your car for a long time
You Don't Mind
Unexpected repair costs after your warranty has expired
Higher monthly payments
To drive more-than-average miles
Possible lifestyle changes in the near future
All buyers should bring:
Four main factors determine whether you get approved for a car loan:
Tip: For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget and provide as large of a down payment as you can.
On approval, three factors will affect your monthly payment (in order of importance)
We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go Auto dealership.
The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment.
For example, if you make $2,000 a month you should spend no more than $300 on your car payment. Monthly payments normally range from $20 - $25 per $1,000 financed.
Your credit score helps financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if you will pay your bills.
The higher your credit score, the greater your chance of receiving a better financing offer from Go Auto.
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the lower the risk. The systems that generate your credit score look at your credit report and take several factors into account including:
Do you prefer to drive a new vehicle very few years that will always be under warranty? That's one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.
There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call 587-520-9908 or any Go Auto dealership to schedule a free consultation.
Many Go Auto customers qualify for financing on their first vehicle purchase.
If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates.
Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.