Although down payments are not required at CA Lending® to obtain a car loan, customers that put $1000 or more as a down payment usually get more favourable interest rates and terms as it demonstrates a sincere desire and motivation to pay of their car loan and improve their credit rating in the shortest time possible. 50% of all CA Lending® customers choose to make a down payment of $500 to $1000 even though they are not required to do so.
Get a bad credit car loan or a post bankruptcy car loan at CA Lending® and get 4 FREE “The Works” Car Washes at the Rose Car Wash at 3925 Keele Street (Keele St. & Finch Ave. W) www.rosecarwash.com Mention this promotion to any CA Lending® representative upon picking up your vehicle and receive your FREE car wash vouchers.
When you have a good credit history/score having a few extra credit inquiries made is not the end of the world. But when you have poor to severely bad credit each additional and unnecessary credit inquiry when trying to obtain a car loan may cost you precious points on your overall credit score that you just can’t afford lose. A good rule of thumb is to make no more than 3 – 5 auto loan credit inquiries in total per year.
At CA Lending®, we put the repair in “credit repair” so after making 12 monthly or 26 bi-weekly car loan payments you will be eligible to qualify for an auto loan rate of 3.99%APR – 9.99%APR. We want our customers to pay the lowest interest rate they can and that is why we will work with you on simple yet effective ways of maintaining a good overall credit score. Remember, it’s not just your credit, it’s your credibility.