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Frequently Asked Questions
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We get all kinds of questions thrown our way each day so we decided to provide a Frequently Asked Questions page. Below you will find the most common questions we receive.
What are the interest rates for my auto loan?
Your interest rate is influenced by several factors: severity of the credit issue(s), vehicle details and the amount to be financed.
What size of down payment will I require?
Down payment is always something to consider and at times may be required, however, most of the loans we
arrange are based on no money down.
Can I get an auto loan even if my credit is not so great?
That's our specialty! We will work diligently with you and the financial institutions in order to have your application approved.
Find bad credit car loan articles on our
auto loan Blog.
How long does the application process take?
The application process takes approximately 2 minutes and you can
be approved within 5 to 10 minutes from the time we receive your
application. You can also apply online 24hrs a day, 7 days a
week securely by clicking
here.
What does it cost to apply with NewRoads Credit?
The application process is absolutely FREE! The advantage we have is that Vaughn Barry, our Credit Manager, is a former special finance lender. This means he knows how to get you approved and can give you a fast response by knowing how the banks and finance companies operate.
Do you provide financing for a private sale?
Unfortunately no, we provide financing for vehicles within the NewRoads inventory. We currently have over
500 new and used vehicles so
we have something for everyone!
Are NewRoads vehicles leased or financed?
We have both leasing and financing available. Generally our customers choose the financing option, however, leasing is available should you choose to go that route.
Will this auto loan really help repair my credit?
Yes, provided you faithfully make your monthly payments as agreed. Your loan will be regularly reported to the major credit reporting agencies. This will go a long way towards establishing or re-establishing your credit rating. Naturally, this program is based upon you maintaining your other credit responsibilities in good standing as well.
You can find bad credit car loan articles on our
auto loan Blog. |
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WHAT PEOPLE ARE
SAYING:
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Thanks for your excellent
service Vaughn . Your quickness was outstanding. I will be
back in the future to purchase a second vehicle all thanks
to you!"
- Roy
Brampton, Ont.
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"Just wanted
to let you (NewRoads)know that the car is running great.
Thanks so much for your great customer service and
professional opinion when shopping for the car. It was a
fantastic experience."
- Mark
Scarborough, Ont. |
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