Explanation of second and third chance credit

You have reached the section that explains the concept of on-line credit application. Our objective is to finance a vehicle for you for a probationary period of two to three years. Once your credit has been re-established we will offer to refinance your loan at a reduced rate through a recognised banking institution. Please note that throughout the process you can go directly to the secure on-line loan application.

How does this work? The goal of the secure on-line credit application is to let you acquire the amount you need for the purchase or lease of your new vehicle. Please note there is no applicable minimum deposit required. All our vehicles financed through second chance credit can be delivered with a limited two-year/40,000 kilometre guarantee on major components* including 24-hour roadside assistance (model year 1996 and newer, less than 130,000 km). In addition, you won't have the inconvenience of monthly payments and repairs occurring at the same time. This could result in late payments. We are committed to helping you to re-establish your credit rating within a minimum two- to three-year period. We will establish your monthly payments over a longer term that will give you the flexibility of smaller payments. Once you have completed two years of re-established credit you can refinance you loan at a reduced rate or, if you choose, acquire a new vehicle. Our interest rates are established as a function of the model year of the vehicle concerned the older the vehicle the higher the interest rate.

We hope that these explanations will help you understand our financing program. For more detailed information contact one of our credit counsellors at 819-826-3084.