Frequently Asked Questions

Here are some of the most common questions we receive.

What size of down payment will I require?
Down payment is always something to consider and at times may be required however most of the loans we set up are based on no money down.

How long does the application process take?
The application process takes approximately 30 seconds and you can be approved within 5 to 10 minutes from the time we receive your application.

Are youareapproved.ca vehicles leased or financed?
We have both leasing and financing available. Generally our customers choose the financing option however leasing is available should you choose to go that route.

What does it cost to apply with youareapproved.ca?
The application process is absolutely FREE!

What are the interest rates for my auto loan?
Your interest rate is a product of several influences: severity of the credit issue(s), vehicle value and the amount to be financed.

Will this auto loan really help repair my credit?
Yes, provided you faithfully make your monthly payments as agreed. Your loan will be regularly reported to the major credit reporting agencies. This will go a long way towards establishing or re-establishing your credit rating. Naturally this program is based upon you maintaining your other credit responsibilities in good standing.

Do you provide financing for a private sale?
Yes.

Can I get an auto loan even if my credit is not so great?
That's our specialty! We will work diligently with you and the financial institutions in order to have your application approved.