There are many reasons why you should let a business manager help you with your
loan application for your next used vehicle purchase. Here at Quality Car Sales, we can
help you every step of the way! Here are some ways we can help:
1. We deal with over 10 different lenders (including 4 of the major 5 banks). What does this mean? Well, it means you have
access to banks like TD, BMO, Scotia right here at our dealership. You can take a test drive while we submit your credit
application. This saves you time and money, not having to shop around each bank yourself. It also lets you come after work
as we can submit applications until 8pm each night!
2. All our loan approvals are open loans! This means you can pay-off your loan anytime with NO penalty! Our lenders also offer
either fixed or variable rates. This just gives you the option of taking advantage of the current low variable rate, or the
security of locking in at the guaranteed rate. Another way we can get our customers exactly what they want.
3. Our loan experts know exactly how to submit your credit application to get you the lowest possible rates, at the terms that
work for you. With our banks we can offer 12 month up to a 96 month loan (depending on the year and kilometres of the
vehicle). We can also help you with selecting and getting approved on the best rates possible ranging from 4.99% (variable)
to 7.49% (fixed) OAC.
4. We can help customers with previous credit issues or problems. Let us do the hard work for you. We can explain to the
lenders what happened and work to achieve a acceptable approval for you. We are on your side, and can help you
understand which vehicles qualify for the lowest rates, and which vehicles qualify for the shortest or longest terms.
5. We can offer you the most flexible financing options because we have access to over 10 banks with promotions, programs
etc... changing daily. Let us help you decide on the most convenient payment options for you! Do you want monthly, bi-weekly
or weekly payments? Do you need a 3 to 6 month deferral for when your first payment starts? Do you need a loan with $0
down? These are all circumstances we can help you take advantage of.
6. Because we are acting on behalf of our lenders, we can offer you fully protected payments. What does this mean to you? It
means we can offer you Gap Insurance, Life and Disability insurance. Some or all of these coverages might be exactly what
you want to protect you or you family from unforeseen life changing situations. Have peace of mind for the duration of your
loan knowing exactly what you are and or are not covered for. Let one of our lending
team explain these re-payment options today.
7. Maybe you are not sure exactly which vehicle you want yet, but still want to know what amount and or terms you qualify for.
If this is the case we can submit your credit score to our lenders and achieve just that. From there we can help you find (for
example) the $15,000 car or truck that has all the options you need.
8. Do you want to know within the same day if your approved? Your own personal bank likely cannot even offer you such a
quick application time, BUT we can! We deal with the central lending centres directly who ultimately grant the approvals.
Because we are directly linked by a secure network with them, we can have decisions sometimes in a matter of minutes.
Normally, the loan decisions take a few hours, but regardless it will be much faster then you letting your own bank try and get
you a similar decision.
We can offer you the absolutely lowest interest rates available. Because we deal with so many lenders who offer special programs, or incentive rates, we can pass that saving onto our customers. Dealers get discounted rates, because we submit sometimes over 50 loans in a month (which is a volume rate discount). Combined with that, it is cheaper for the banks to let us complete the loan paperwork for them, instead of paying a bank manager to sit at your local branch. That rate discount gets passed right along to you!
