How the Car Loan Process Works - Auto Loan Ontario

Getting pre-approved for a car loan in Ontario is an easy and simple 3 step process:

1. Fill out our quick and easy online credit form.

2. Usually within a few hours you will be contacted by one of our financial agents with the results of your pre-approved car loan. This means you will know the amount of money you have been approved for which allows you to shop for the vehicle you want and the monthly payment you desire.

3. Once you qualify for auto financing, we will work with you to find the perfect vehicle you desire! We will assist you in completion of the paperwork and delivery of your new or used car, truck, mini-van, or SUV!

When you begin making payments on your car or truck, you will be using the most powerful tool available to you (aside from a mortgage when you buy a home) for re-establishing your credit or building your new credit. Every payment you make towards your automobile is reported to the credit agencies (Equifax and Trans Union) who in turn raise your credit score. This allows future loans to be made available at very low interest rates.

The entire process to get you ready to buy your next car is fast and FREE! No more frustration or wasting time. Let us help you with your next automobile financing and purchase.

We get you Approved Quickly with automated approval technology!

At Auto Loan Ontario we have invested into automated application technology allows us to review your online application within seconds after you submit it. Once our credit experts have reviewed it, we then send the same digital application to an internet portal directly into the hands of our lenders who operate in Ontario. When required, we can send your application to multiple lenders at the same time. In most circumstances we can get you approved within minutes!

We work things backwards!

At Auto Loan Ontario first we get you pre-approved for a car loan (In most cases within a few hours). Then we contact you and inform you of how much your car loan has been approved for, the maximum monthly payment you have been approved for and the term or length of the contract. We will talk to you in simple English terms to help you understand all aspects of the loan approval.

Going shopping for a new car is a lot easier knowing how much you can afford in advance. To get an idea of your budget, use our online Auto Loan Ontario Calculator.