Where can I find guaranteed used car financing with no credit checks in Toronto area?
Guaranteed bad credit car loan is an oxymoron to begin with, take a moment to think about this proposal. If you have bad credit to begin with, how can you be guaranteed to a car loan? Almost all lenders out there will use your credit score as a weapon against you. You maybe approved for 29% interest rate, with $5000 down payment and a co-signer. But we all know the real approval you are looking for is for minimum amount of down payment. Lowest interest rate possible, and of course without any bodies help. You are trying to be financially independent, but due to your recent credit history it is almost impossible for you to gain the trust of the banks again. There is a lot of business out there who claims they can offer you guaranteed approval. But the truth of the matter is only a private lender can truly approve your loan without pulling a credit bureau.
Not all hopes are lost, there are few businesses in Toronto area that is willing to take a chance on you, whether you are making an income through cash. Maybe you don’t have a T4, or you own your own business. Whether or not you can proof your income or even bring in a pay stub, or employment letter is not important. There are used dealerships out there willing to give you a vehicle without any sort of credit check. Usually you can Google terms such as “guaranteed used car financing” or “no credit checks used cars” or “$499 down no credit checks”. Businesses such as “Selected Fine Cars”, “Benchmark Automotive Group” are two top providers in this area of used car financing
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