FAQ Bad Car Loans Calgary

What if my credit is really bad?
Sometimes things happen in life that affects our credit in a negative way. We understand that every person and every situation is unique. We believe everybody deserves a second chance. Most of us have experienced hard times leading to a low credit score but that does not make us bad people! No matter what your credit situation is, we will find a way to get you an auto loan!
Can you help me even if i was turned down in the past for an auto loan?
Yes, our dealers have the experience helping people get auto loans even if they have been turned down before, have bad credit, bruised credit, poor credit, collections even bankruptcy.

Do you approve everyone for a car loan?
We can find auto loans to suit everyone’s needs.
I’m new to Canada. Can you get me a car loan?
Most Canadian lenders need you to have a minimum credit score before they can process your car loan application. The fact that immigrants are new to the country means they do not have any type of credit history in Canada. Canadian lenders need you to have a minimum credit score before they can process your application.

Starting a new life in a new country brings with it a number of challenges and hurdles to overcome – but acquiring a first time auto loans through Calgarydrives.ca to buy a new car does not have to difficult. Calgarydrives.ca provides automobile loans for all those who need it, including new immigrants. We know that in today’s world, it’s very helpful to have a car, but it’s difficult to secure a loan.

Calgarydrives.ca makes it easy for everyone, with a quick and simple application process that requires only minimal information from you. You can have the money you need within 48 hours, and our approval rating is 99%

What is considered Bad or Poor Credit?
The information found in your credit report determines if you have Bad Credit. A good place to start is obtaining your current credit report from Equifax. If you’ve failed to repay loans, declared bankruptcy, regularly been late on payments, or maxed out your credit lines you appear to have bad credit and are considered more of a risk to lenders. We can help you understand your credit report. Also check out our Bad Credit Car Loan Rates Tool to get an idea of where you stand.
Will obtaining a car loan help me build my credit rating?
Yes, as long as your payments are made. Every Calgarydrives.ca loan is reported to the Credit Bureau loan is reported to the Credit Bureau.
No really, I have really bad credit, are you sure i will still get approved?
Yes, we will match you with a local experienced dealer who specializes in working with all credit situations, even really bad credit.

Will obtaining a car loan help me build my credit rating?
Yes, as long as your payments are made. Every Calgarydrives.ca loan is reported to the Credit Bureau loan is reported to the Credit Bureau.
What does this service cost?
$0 Free and there is no obligation whatsoever.
If i want to do this process on the phone when is the best time to call?
7 days a week between 9am-9pm. We are here to answer your questions 18888516029

I have a trade-in vehicle will you take it?
Yes, of course It will even help lower your monthly payments.

What is a good down payment?
As little as $0 down. Our dealers will work with your financial situation to provide the best deal possible based on your financial situation this includes $0 down options. Just keep in mind the more your put down the lower you payments will be.