That’s because we work with everyone! Regardless of your credit history, we offer the some of the lowest interest rates on car loans in all of British Columbia. Our credit specialists have the experience and connections to get you approved for vehicle financing regardless of your past credit history. Don’t let a credit score ruin your chance to purchase a vehicle!
With dozens of quality pre-owned cars, trucks, and SUVs on offer, you’re sure to find a vehicle that works for you! We also offer in-house financing which provides better service and value than what most credit companies could offer. This means you don’t have to shop around for financing then go looking for a vehicle, because you can do it all at Original Applewood! With our dedication to customer service, low financing rates, and a huge selection of vehicles - there’s nowhere better to finance your next vehicle than Original Applewood.
- A valid government-issued driver's license
- A current paystub
- A void cheque
- Contact us for trade-ins!
To ensure that you are able to make your payments, we do insist that you make regular payments on your financing. We will work with you to find a payment schedule that works best for you, but you will pay the same amount in sum regardless of the frequency. As such, it’s probably a better idea to have manageable regular payments than daunting large lump sums due.
Three things can affect car payments (in order of importance):
- Amount financed
- Term or duration of contract
- Annual Percentage Rate (APR)
- Our dealership offers competitive rates with a variety of finance companies to fit nearly every budget and credit profile.
The rule of thumb according to most financial institutions is to spend no more than 15% of your gross monthly income for your car payments. For example, if you make $2,000 per month, you should spend no more than $300 for your car payments. Monthly payments tend to range from $20 - $25 per $1,000 financed.
If you prefer to drive a new, warrantied vehicle all the time, then that's the advantage of leasing. If you prefer to build up equity and drive one car for a long time, then go with financing. There are all sorts of factors to consider when choosing between these two options. Our Finance Experts can help find the best option for you during a free consultation.
Many of our customers can qualify for financing with their first vehicle purchase. If a standard credit determination cannot be made based on your current credit history, you can still qualify for other programs, like ones for recent college graduates. Stipulations for college students vary. Check with one of our Finance Experts for additional information.