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Zero Percent Car Financing

Saving money throughout the term of your financing
  • September 20, 2017
  • 0% Financing for Used Cars, Auto Financing

0 Percent Car Financing 0% car financing is when you can purchase a car and make monthly payments on it without having to pay any interest. As you can imagine, it is a tempting offer that seems too good to be true. Unfortunately, it usually is. There are many pitfalls to 0% financing that you should be made aware. Let's take a look at a few of them.

0% car financing, what is it? This is where you'll see the dealership offer 0% financing or up to a $10,000 cash back offer. When you crunch the numbers, it turns out that the cash back offer normally saves you money. As of today, offers a 0% financing deal or $7,000 in price adjustments.

0% Financing for Used Cars Because you are not paying interest, the dealerships will give you a shorter repayment period of somewhere between 36 and 48 months. This means that you'll have much higher monthly payments than you otherwise would with a 60 month loan. If you bought a pre-owned vehicle with a 6.95% loan, you would actually end up paying less for your vehicle than with 0% financing plan.

Auto Financing London Ontario The most important thing to remember is that, in the end, it comes down to what you can afford to pay per month. Most people will not be able to afford a 0% financing deal and so must opt for a loan. This isn't a bad thing and shouldn't be discouraged. Regardless, 0% financing is a fading trend and may not be around in five more years.

In the end, your best option is to first Apply for a Loan using our Online Car Loan Application to get approved quickly. Now you know in advance exactly how much you can afford to pay and what type of car you want to purchase.Car Loan Application

How To Apply For A Car Loan

What you need to know to be safe and get what you're looking for
  • September 20, 2017
  • Apply for Car Loan, Automotive Loans

Applying for Auto Loans is second only to purchasing a home Buying a car is the biggest and most important purchase we make. There is more involved in buying a car than most first-time buyers will suspect. Beyond the make and model of the car, there is loan financing that must be taken into consideration.

Getting a loan for a vehicle is much easier today than is used to be, although there are many pitfalls that you should take into consideration beforehand.

How Big of a Loan Can You Afford? Use our Loan Calculator to see how big of a loan you can afford. Our loan calculator is an easy way to determine what size of monthly payments you can make and over how longer of a period you will be paying them. At this stage, it is important to already have in mind a monthly budget.

Automotive Loans Used Auto Loan, in partnership with multiple lending companies, can offer nearly everyone a loan. To determine if you qualify, use our online application form to see if you qualify. The form takes several minutes to complete, and in 48 hours or less we will contact you regarding your status. In the meantime, you can sit back and relax, knowing that there is a team of people working hard to qualify you for a loan.

Who Qualifies? While most car dealerships have difficulty offering auto loans, we are able to successfully offer loans to 95% of the people who apply. We can do this because, unlike most dealerships, we coordinate with multiple lenders to give you the best loan possible. If you meet any of the following criteria, you might still qualify for a loan:

Getting Out Of A Car Loan

Important information that can help you
  • September 20, 2017
  • Car Loan, Refinancing, Sell The Car

Getting out of your car loan Getting out of a car loan sometimes becomes necessary. There are several ways of doing this, which we discuss here. Here are some reasons why you might want to get out of a car loan.

Can't Afford to Make Loan Payments Most common reason people want to get out of a Car Loan. Also happens to be the most difficult situation for both yourself, and the dealership you purchased the car. Just remember, that as much as you don't want to default on your loan payments, the dealership also doesn't want to repossess your car. Often, they will be open to negotiations, which we will get into later.

Refinancing your Auto Loan This usually happens when someone buys their vehicle from a disreputable dealership. And are given a bad deal. Before buying a car, always check out other dealerships to see what they're offering. Often times, you can haggle the salesperson to get a better deal. Dealerships wants your business as much as you want one of their cars, so let them work to make you an offer that you're comfortable with. Also, be sure to check out our online loan calculator to prepare a budget for yourself in advance.

You don't need the car anymore While uncommon, as the owner of the car, it is the most preferable of the scenarios listed here. You can afford to make the payments on the car, so finances are not an issue, but you don't want to own it anymore. Maybe you are upgrading to a better car, or may you're moving to the mountains where you plan to live off of the land, regardless, you need to offload your car. Now that we've covered some typical scenarios that lead to getting out of a car loan, we will go over a few methods that will help you to accomplish this seemingly daunting feat. How to Get out of a Car Loan.

Refinancing If you can afford it and you want to keep the car, try to refinancing your loan. Many companies let you refinance your loan with no penalties. With alow interest rate, you might end up paying less for the vehicle than you currently owe.

Negotiate with Lenders Use our online loan calculator to determine what size of a payment you can afford to make each month. Then, approach your lender and ask if they will move around some of your payments.

Sell the car If you sell the car, you can pass on the remaining loan to the buyer. In a dire situation, you can give the car away with the only condition being that the person you sign it over to will continue to make the payments.

Return your car to the dealership If all else fails, return the car to the dealership. You will save on repossession fees such as towing and storage, and the dealership will likely be more inclined to give you a good deal when paying off the remainder of the loan.

Bad Credit Car Loans

Car Loan Application can be a very easy process
  • September 20, 2017
  • Bad Credit, Car Loans

Car Loan Application can be a very easy process. Financial lenders assure the likelihood of getting a reasonable deal. Many customers do not shop around for favorable terms and simply look to their car dealership for loan information, online loan rates are generally lower than those found at brick and mortar dealerships.

Individuals with bad credit is not usually excluded from having their car loan application accepted. Those with credit problems can still locate companies which are willing to work with them to get the best possible deal for their current financial and credit situations. There are quite a number of people who are in that situation, fewer than 7% of buyers qualify for the special 0% or low interest offers which car commercials often feature. Many people buy a more luxurious vehicle than they can really afford, just to impress others or increase their own self-esteem, only to find out in a short time that they can not keep up with the payments. Needless to say, having a repossession on one's record does not reflect positively in a future car loan application or credit score!

There are loan products available for these individuals, and some lenders specialize in helping a person who has a poor credit rating. car loan application.

Car Loan Application Interest rates are determined by the lender and influenced by many factors. Some important variables are the buyer's credit score, the existence of any credit problems and the size of the down payment in relation to the price of the vehicle. Most experts suggest a down payment of at least 20%, or even 30% if there are credit score problems. Note that the down payment can have a significant impact upon the interest rate which is assigned. Having larger down payment (even if one is not required) can allow the buyer to acquire a better interest rate and thus save quite a bit of money on interest costs over the life of the loan.

Many types of used vehicles are acceptable choices for a car loan application. Some companies allow the customer to find a vehicle anywhere, while others restrict loans to vehicles offered through their own database of dealers. Some lenders have specific vehicles which do not qualify for loans from their company, such as those used for business instead of personal use.


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  • We work to provide the best customer experience possible
  • Family owned and operated for over 25 years
  • We work quickly and confidently
  • We are proud to serve London and the surrounding area
  • We ensure our vehicles are properly serviced and repaired before ever being sold
  • We pride ourselves as being one of the oldest and respected car dealerships in Ontario
  • We have one of the largest inventory of quality used cars, trucks and SUV's in London
  • Backed by dedicated support staff


  • I bought a 2014 Chevy Cruze, I love my car. Mark was really easy to deal with and very helpful. No One was pushy. Great experience. I would definately come back. - Donna H
  • Recently purchased a BMW 323i. There were no issues at all getting my vehicle. Their service was amazing. First class operation. Thanks for making the whole process fast and easy. - Julian S
  • Everyone I delt with was great, answered any questions I had and were very helpful.No complaints at all. I would definately refer all my friends and family to purchase a car from here. - Elsa B
  • Very happy with the in-depth assistance from andrew and mark. Very much appreciated for all their help as am a first time car buyer with financing. - Chassidy T
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