FAQ - Auto Credit Canada

Do you have a question that wasn't covered on this page? Get in touch with us and a member of our team will get you the answers you need.

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Is It Safe To Send Personal Information Through The Internet?

We take many precautions to make sure that your information stays safe. It's very safe to send your online car loan application on our website. Once we receive your application we personally work with our financial partners to keep your information safe.

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How long does it take to find out whether I am approved?

Usually you will receive your approval in as little as 15 minutes and no more than 12 hours.

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Do I need to pay an application fee to find out the loan amount I qualify for?

Never! Auto Credit Canada does not charge you an application fee to let you know what you qualify for. ACC also does not require your social insurance number in order to provide loan options like the other guys do. Finding out the loan amount you are approved for is quick, easy and free!

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Will I need a down payment for my vehicle purchase?

Depending on your approval criteria, it is possible that you may not need to provide a down payment for your vehicle, however each client's situation is individual and varies depending on their approval. Among a few factors, the possibility of a down payment can depend on your income, your credit history, or the price of the vehicle. Our specialists will explain all of your options, including any possibility of a down payment should it arise.

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How much will I be approved for?

You can rest assured knowing that our credit team will have you approved for the maximum amount you qualify for. We have succeeded in providing load approvals ranging from $5,000 to over $100,000.

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What is my interest rate going to be?

Interest rates start as low as 0% and go up from there, varying depending on several different factors and is determined by the individual lending facilities. However, since Auto Credit Canada works with so many lending institutions, our team of specialists will succeed in getting you into a vehicle that you can afford.

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Once approved, where and how do I access the loan?

The loan process with Auto Credit Canada is completely stress-free. Our representatives will handle the entire financial process and guide you through from start to finish, ensuring your loan is applied to your automotive lease or purchase without any bumps along the way.

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Once approved, how long is the loan valid for?

From the approval date, you will have up to a maximum of 3 days to use your loan.

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At what point can I take delivery of my new vehicle?

Immediately. The instant you get approved and we have collected all the required documentation, your vehicle will be ready for you to take delivery.

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What documents will I need once I am approved and on my way to purchase a vehicle?

Once you are approved and have found the vehicle you would like to purchase, you will need to provide your drivers license, social insurance card, recent pay stubs, pension income statements, and possibly further documents, determined on a case-by-case basis. If you are intending to use your current vehicle as a trade-in, you will need to bring the vehicle ownership of that vehicle with you, and any documents pertaining to its lease if you are still making payments on it.

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Can I use my vehicle as a trade-in if the balance I owe on the vehicle is more than its current value?

Absolutely. ACC can work with your trade-in situation regardless of what you may owe on it. After an appraisal is done on your vehicle, all that is possible will be done to utilize its worth toward the vehicle you want to switch to.

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What if I decide to change my mind and not use the loan?

There is never any obligation to take the loan, however should you reconsider after the 3 days, the entire approval process must be restarted.

Were all your questions answered? Do you want to get started? Click here to get the ball rolling on your approval!