Finance your pre-owned vehicle
Working for you!
Go Auto Outlet West’s Finance team's goals are to:
- Understand your vehicle buying needs and get you what you need. We work with more than a dozen lenders to get flexible financing solutions.
- Quickly get you into your next vehicle, no matter if you have a low credit score or no credit.
Get pre-approved online
Begin pre-approval right now at home with our online calculator! No need to come to our showroom!
Pick your payment
Your credit rating impacts your loan's interest rate, so check your score without impacting it. We have financing solutions for all credit situations.
Go Auto Outlet West Financing options
Go Auto Outlet West financing
We work with Canada's big banks and lenders to give you plenty of options for financing. If you have a poor credit rating, are new to Canada, or are a first-time buyer, our parent company Go Auto has its own finance company, Yes Plan, to get you approved without relying on the banks. We will give you a financial solution that meets your needs and be back on the road fast.
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FAQ from Go Auto Outlet West
What should I bring to my finance appointment?
When you are ready to buy, please bring a valid government-issued driver's license and a void cheque or your current pay stub. Depending on the details of your loan, you may be required to bring additional information. For a complete list of what you'll need to buy or trade in a vehicle with Go Auto Outlet West, call us ahead of time and speak with a sales consultant.
Will I be approved?
Generally, four things influence whether you get approved for a car loan. They are the new or pre-used vehicle's cost, age, and mileage, your employment history, residence, and income, and your credit history, which is the information in your credit file. The last thing is a down payment, which can be the total of cash and trade equity. Also, try to provide as large of a down payment as you can.
How are my car payments calculated?
Three things affect your monthly payment. The first is the amount financed, the term or length of the loan contract, and the annual percentage rate (APR) we offer. At Go Auto Outlet West we offer great rates from Canada's largest lenders to fit nearly every budget and credit profile.
How do I budget for my car payments?
Most financial institutions say a buyer shouldn't spend more than 15% of their gross monthly income on their car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.
What is my credit score?
Your credit score is a number that assists financial institutions to determine the risk associated with your purchase of a car, house, use of a credit card, or any other financial product. A credit score ranges from about 350 to 850 and is used to forecast if you will pay your bills on time. In general, the higher your credit score, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.
How is my credit score calculated?
Your credit score is a number that ranges from about 350 to 850. Usually, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, such as the timeliness of your payments, including late payments, and any debt you have. Other factors are the number and age of your credit accounts inquiries created by applying for credit, and public records such as liens and judgments.
Can I qualify for financing on my first vehicle?
Of course. Many Go Auto Outlet West customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional at any of our go auto dealerships for more information.
