The EASY way
to buy a Vehicle
in Calgary.

Apply for financing online using our simple application. We’ll have our Expert Sales Advisors reach out to get you Approved in Advance. Our Team will show you vehicle options you are pre-approved for and you simply pick the car you want and drive away!

You have Questions, We have Answers.

When buying a vehicle, common questions and answers center on the vehicle's history and condition, the total cost of ownership, and the available financing and warranty options.

How much can I afford to borrow?

Financial experts recommend that your total monthly vehicle expenses (payment, insurance, maintenance) should be no more than 15-20% of your monthly take-home pay.

What is the interest rate, and is it fixed or variable?

The interest rate (or Annual Percentage Rate - APR) determines the cost of borrowing. Most auto loans have a fixed interest rate, meaning your monthly payment remains consistent throughout the loan term. You should shop around with different lenders (banks, credit unions, online lenders) to compare and find the lowest rate possible.

What will my exact monthly payment be?

The monthly payment depends on the loan amount, interest rate, and loan term. Lenders can calculate the precise amount, including all taxes and fees, so you know exactly what to budget for.

Do I need a down payment?

A down payment is not always required, but making one (ideally at least 10%) can help you get a better interest rate, reduce your monthly payments, and avoid being "upside down" on your loan (owing more than the car is worth).

What is the best loan term?

Loan terms usually range from 36 to 84 months. Shorter terms mean higher monthly payments but less total interest paid over the life of the loan. Longer terms offer lower monthly payments but a higher overall cost. A common guideline is to aim for a loan term of less than 72 months.

Are there any hidden fees or prepayment penalties?

You should carefully review the purchase agreement for any unexpected charges, such as documentation fees, extended warranties you didn't request, or penalties for paying off your loan early. Opt for lenders with minimal or zero prepayment penalties.

How does the loan application process work, and what do I need to get approved?

Lenders evaluate your application based on your credit history, income, employment information, and existing debt obligations. Required documents typically include proof of identity, income (pay stubs), and residency. Getting pre-qualified or pre-approved for a loan before visiting a dealership can give you a better idea of what you can afford.

Can I get financing with bad or no credit?

Answer: Yes, it is possible. Some lenders specialize in working with various credit situations and can offer options, though the interest rates may be higher. Making timely car payments is one way to build or rebuild your credit history

Cost of Ownership

What is the all-in, final price of the vehicle, including all taxes and fees?
- A: The advertised price is often not the final price. Ask for a complete, itemized breakdown of all mandatory and optional fees (e.g., documentation charges, registration, dealer prep). This helps you budget accurately and compare deals.

What are the long-term maintenance and fuel costs?
- A: Research the model's typical maintenance schedule and the cost and availability of spare parts. Inquire about the car's fuel efficiency (MPG or L/100km) to factor in ongoing operating costs.

How much will insurance cost?
- A: Insurance premiums vary based on the vehicle's make, model, age, and safety features. Get a quote from your insurance provider before committing to the purchase.

Financing, Warranty, & Dealership Process

What are the available financing options, and are the terms negotiable?
- A: Dealerships offer various financing plans. Compare their interest rates (APR) and terms with those from other lenders to ensure you get the best deal. There's almost always room for negotiation on the price, especially for a used car.

What is covered under the warranty, and is it transferable?
- A: Understand exactly what components (e.g., engine, transmission, electrical) are covered, for how long, and if any remaining manufacturer warranty is transferable. Extended warranties may also be available for purchase.

Will you take my current car as a trade-in?
- A: Many dealerships accept trade-ins, which can help offset the cost of your new vehicle and save you the hassle of selling it privately.

What is your return or exchange policy?
- A: A reputable dealer will have a clear return or exchange policy (e.g., a 7-day window) that provides peace of mind in case the car doesn't meet your expectations

Vehicle History & Condition

Can I see the vehicle history report (e.g., CARFAX) and service records?
- A: A reputable seller or dealership should readily provide a report detailing previous owners, accident history, lien information, and maintenance logs.

What is the current mileage and condition of the car (tires, brakes, etc.)?
- A: Mileage is a key indicator of wear and tear. Inspect the car thoroughly for any mechanical or cosmetic issues. Ensure the tires, brakes, and all electronic systems are in good condition, as replacements can be costly soon after purchase.

Can I take the car for an independent inspection by my own mechanic?
- A: Yes, you should always get a pre-purchase inspection from a trusted, independent mechanic to get an expert opinion on the vehicle's underlying condition and identify any potential problems.

Has the car been in any accidents or had major repairs?
- A: Minor fender-benders might be acceptable, but major collision damage can lead to long-term performance and safety issues. Ask about the specifics of any repairs and whether original manufacturer parts were used.