Frequently Asked Questions



Q. What types of cars do you carry?
A. We carry all makes and models.

Q. Do I have to finance or can I choose to lease a vehicle?
A. You may choose to finance or lease your new vehicle.

Q. I recently came out of a bankruptcy- can I still be approved for a car loan?
A. Of course! Just after a bankruptcy is a good time to get a car loan because it will help to re-establish your credit. Our credit experts will get you approved and find a car loan to fit your needs.

Q. Can I still buy a car if I don’t have a driver’s license?
A. Yes, you can finance a car without a driver’s license, although you will not be allowed to drive it.

Q. Do I need to have money down or a co-signer in order to be approved?
A. We try to get you approved with no money down and no co-signer.

Q. I am currently in a lease- am I still able to get a car?
A. We will get you out of your lease and into a new car- regardless of what you owe.

Q. Is the car loan open-ended?
A. Yes, all of our loans are open-ended- that is to say, you can choose to pay the full amount at any time, without being stuck with the accumulated interest.

Q. What is the interest rate on a car loan?
A. The interest rate on a car loan can range anywhere from 0% to 29.9%. The interest rate is dependent upon a number of factors, your credit being the most important of all. The better your credit is, the lower your interest rate will be. This is because the bank deems it as a low risk loan. If you have not so perfect credit, the bank sees it as a higher risk loan and may ask for a higher interest rate.

Q. Will I be stuck with a high interest loan for the full term?
A. Absolutely not. If you make all of your payments on time, the bank will re-finance the loan at a lower rate after as little as ten months. They just want to see that you are making consistent payments.

Q. I would like to lower the rate of my current car loan. Is this possible?
A. If you are currently paying a high interest rate on your car loan and you have been making your payments then we can certainly help you lower your monthly payments on your current car loan.

Q. Do I need to have insurance?
A. If you buy a vehicle then you must have insurance before you take delivery of the vehicle. It’s the law.



Whether you are looking for Toronto new cars, Scarborough used cars or an Ontario auto loan, Canada Motor Car has the experience to help you.
We have helped thousands of people with bad credit obtain auto financing for their new and used cars. Dr Credit auto loan specialists are here to help you apply for an auto loan, regardless of your situation. We have on-site finance managers ready to help get your car loan pre-approved. With so many people applying for Canada car loans, we have become recognized as one of Canada’s fastest growing dealer groups.

Feel free to browse our inventory for Toronto used cars, Ontario new cars or Scarborough used cars to find the vehicle of your dreams. You can search our new and used car inventory online, get new car pricing and receive free no obligation price quotes.

If you want some valuable background before making any decisions, be sure to check out the informative articles on credit and cars. That information has been taken from our 60 years in the auto industry. If you still have questions look over the frequently asked questions to see if they're already covered.

You can contact us at 800-622-2475, request information online or stop by our Canada Motor Car dealer locations during normal business hours. Canada Motor Car wants to help you with all your auto needs.

Canada Motor Car, Canada’s premiere new and used car dealer! Located in Scarborough, Ontario. Canada Motor Car is accessible by all the major cities including, St John’s, Halifax, Moncton, Montreal, Ottawa, Peterborough, Belleville, Oshawa, Kitchener, Winnipeg, Saskatoon, Calgary, Edmonton, Vancouver and Toronto.

Check out our blog here.

Use the sitemap to see everything here, and look at the directory resources of auto links for all things automotive.