What documents do I need to prepare for a car loan?

​

— This depends on your credit score. If you have a high credit score, you may only need to provide accurate personal identification information. However, if your credit score is not high, you may need a cosigner (not mandatory) and other supporting documents for proof.

We will guide you throughout the process, advising on which documents to prepare and how to obtain them based on your goals. Please rest assured."

Can I finance a car if my credit score is low ( bankruptcy or no credit )?

​

—Yes, Many small to medium-sized banks and loan companies do not have as strict credit score requirements as larger banks. They are actively seeking more customers. We have partnerships with several financial institutions that can significantly improve your chances of approval.

How long does it take to receive the approval result

— Typically within 48 hours. If you have a high credit score and all the necessary documentation is in order, approval can be obtained in as little as 4 hours. However, if your credit score is not high, and additional proof is required, or if we need to communicate with multiple financial institutions, the process may exceed 48 hours."

I am on a work/study visa with a short remaining validity period. Can I still finance a car?

—Yes, Major banks may have strict criteria regarding the remaining validity period for loans, but small to medium-sized banks and other loan companies may still approve your application. Loan terms can extend beyond the remaining validity period of your visa.

How can I do cashback and loan consolidation?

— This requires a more detailed understanding of your financial situation and needs, involving specialized financial knowledge. You can leave a message or call us for further assistance.

I have a low credit score. Can I make a 0 down payment?

— Yes, it is possible. We have partnered with lenders who accept this, but still need to review your information to make a final determination."

What are the loan terms, interest rates, and monthly payment conditions like? — This typically depends on your credit and asset situation. If you have a high credit score, the interest rate will be lower. However, if your credit score is not high, or if there is no trade-in, no down payment, or if the remaining validity period of your visa is short, which banks consider higher risk situations, the interest rate may increase accordingly. Additionally, extending the loan term can effectively lower the monthly payment.

Do you accept trade-ins? How is the valuation done?

— Our dealership does accept trade-ins, and the valuation is based on the trade-in valuation standards used by authorized dealerships. Trading in your vehicle can reduce your taxes and loan amount, making loan approval more likely.

What if the car I like is not on your website?

— The website only displays a portion of our inventory. We have dealerships in both Burnaby and Richmond, as well as extensive channel resources. We can search for the vehicle you like based on your requirements. Please inform our sales representative of your preferences.