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 want our customers to rest assured that when they are sending their most confidential information by submitting an car loan credit application at https://calending.ca/secure-application/ that they are protected from having third parties view this information. We understand that although technology like the internet has made it easier to communicate, it has also made it more convenient for identity theft and ultimately fraud to take place. Please review the internet security page for browser security identification as well as our privacy policy page.
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.
Every auto loan has 2 parts to it, the applicant and the vehicle itself. Therefore 50% of the interest rate is determined by the quality of the applicant or in other words their credit history. The remaining 50% of the interest rate is determined by the actual vehicle used for the car loan, more specifically the year, make, model, and most importantly the kilometers driven. The reason why the vehicle is equally as important as the applicant when determining an interest rate is due to the fact that cars are depreciating assets which means that as time goes on the value of your vehicle becomes less and less until it eventually becomes worthless. Therefore, when giving a car loan the lender must keep in mind that if they are forced to repossess a vehicle they will be getting a vehicle that is worth substantially less than when it was sold.
