Frequently Asked Car Loan Questions Toronto, Ontario,

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 your payments on time, we can make the necessary arrangements to payout the old contract and get a new contract setup at a much lower rate. Of course, the banks are happy to do this when you have a PROVEN PAYMENT HISTORY.

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.

Welcome to Canada Motor Car Toronto!

Whether you are looking for a bad credit car loan or just a great used car in the Toronto region, Canada Motor Car has the experience and the selection to help you. We currently have three convenient locations to help you find the perfect vehicle: Toronto, Ottawa and our newest location, Cambridge!

We have helped thousands of people in the Toronto region who had bad credit obtain auto financing for their new and used cars. Canada Motor Car's Toronto auto loan specialists are here to help you apply for an auto loan, regardless of your current credit situation. We have on-site auto finance managers ready to help get your car loan pre-approved! With so many people applying with us for their car loans, we have become recognized as one of Canada's fastest growing dealer groups!

Feel free to browse our used car inventory, for Toronto used cars, to find the vehicle of your dreams. You can search our new and used car inventory online and receive free no obligation price quotes. We also accept trade-ins. In fact, we love trade-in vehicles! Tell us about your current car and we will make you an offer! We have onsite experiences auto appraisers.

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

Contact the Canada Motor Car Toronto location at 866-622-2475 today! You may also request information online or stop by at 2944 Eglinton Avenue East, Scarborough, Ontario, during regular business hours. Canada Motor Car Toronto is here to help you with all your auto needs.

Canada Motor Car Toronto proudly serves the following communities: Toronto, Scarborough, Pickering, Ajax, Whitby, Oshawa, Courtice, Bowmanville, Markham, Richmond Hill, North York, Stouffville, Aurora, King, Bolton, Caledon, Brampton, Newmarket, Vaughan, Mississauga, Etobicoke, Port Hope, Cobourg, Trenton, Belleville and the Greater Toronto Area.

Feel free to visit our blog, our directory resources of auto links for all things automotive or our list of partner sites.

Toronto Cars Home
Toronto Used Cars
Car Loan Toronto and Scarborough
Used Cars For Sale
Deals on Used Cars Toronto
Car Loan Information
Car Loan Calculator
Contact Canada Motor Car Toronto
Car Loan Questions
Car Appraisals Toronto
Customer Testimonials
Credit Card Approval
Toronto Dealership
Automotive Links
CMC Toronto Sitemap
Bad Credit Car Loans
What You Need to Know About Credit
Better Car Loan Rate
Understanding Your Credit
Used Cars and Auto Warranties
Identity Theft at the Dealership
Buying a Used Car
New Car Loan
A Car Loan After Bankruptcy
Car Loans for Bad Credit
Used Car Smart Move
After Bankruptcy
Engine of your Used Car
Used Car Buying Guide
Before Buying a Used Car
Use our Website
Canada Motor Car Can Save you Money
Help Save You Money
Used Cars from the Dealer
Car Loan Factors
car loans Toronto | auto loans Scarborough | auto financing Pickering | car financing Whitby | bad credit car loans Oshawa | car loans Peterborough | auto financing Ajax |
car financing North York | bad credit car loans Etobicoke | car loans Mississauga
Car For Sale in Toronto | Truck For Sale in Toronto | SUV For Sale in Toronto | Van For Sale in Toronto | Minivan For Sale in Toronto | Convertible For Sale in Toronto | Pickup Truck For Sale in Toronto | Used Acura For Sale in Toronto | Used Audi For Sale in Toronto | Used BMW For Sale in Toronto | Used Buick For Sale in Toronto | Used Cadillac For Sale in Toronto | Used Chevrolet For Sale in Toronto | Used Chrysler For Sale in Toronto | Used Dodge For Sale in Toronto | Used Ford For Sale in Toronto | Used GMC For Sale in Toronto | Used Honda For Sale in Toronto | Used HUMMER For Sale in Toronto | Used Hyundai For Sale in Toronto | Used Infiniti For Sale in Toronto | Used Jaguar For Sale in Toronto | Used KIA For Sale in Toronto | Used Land Rover For Sale in Toronto | Used Lexus For Sale in Toronto | Used Lincoln For Sale in Toronto | Used Mazda For Sale in Toronto | Used Mercedes-Benz For Sale in Toronto | Used MINI For Sale in Toronto | Used Mitsubishi For Sale in Toronto | Used Nissan For Sale in Toronto | Used Oldsmobile For Sale in Toronto | Used Pontiac For Sale in Toronto | Used Porsche For Sale in Toronto | Used Saturn For Sale in Toronto | Used Smart For Sale in Toronto | Used Subaru For Sale in Toronto | Used Suzuki For Sale in Toronto | Used Toyota For Sale in Toronto | Used Volkswagen For Sale in Toronto | Used Volvo For Sale in Toronto