Financing

REV Auto Finance Made Easy!

Find the vehicle you love

Simply fill out the form and our team of experienced professionals will search for a vehicle that best matches YOUR requirements and lifestyle!

Get pre-approved online

You’ve picked the vehicle that best suits you! We can get you pre-approved from the comfort of your own home without even having to come down to the store!

New credit or low credit score?

We work with numerous lenders in order to secure the financing you require. Our team of finance professionals will do everything to get you in a vehicle you want and on the road driving!

Choose your payment

On approval, we will work with you to choose the best payment and term that fits your needs and budget!

No Credit

Purchasing a new vehicle is a great way for buyers to establish credit, the financing institutions simply use the value of the vehicle as security this helps you get on the road and driving today.

Refinance

If you currently have a vehicle loan and believe you are paying too much REV can help refinance your auto loan and in most cases actually lower your payment on your current vehicle.

Low Credit

Our experienced team of experts work with various lenders to help accommodate almost every credit history. In short we work with you and the lenders for approval. Mistakes happen, we are here to help.

Frequently Asked Questions

You should bring:

  1. A valid government-issued driver’s license
  2. Your last paystub (prior years T4 if self employed) 
  3. A void cheque or direct withdrawal form from your bank

Depending on the specifics of your purchase, you may be required to bring additional information. 

Four main factors determine whether you get approved for a car loan:

  • The Vehicle You’re Buying: cost, age, and mileage
  • Client Information: employment history, residence, and income
  • Client Credit History: your credit score, debts, past payment history, etc.
  • Down Payment: includes down payment and trade-in  value and equity

For the best approval, and the lowest monthly payment possible, select a vehicle that fits your budget. Also, provide as large of a down payment as you can.

Once you’re approved for a car loan, three factors will affect your monthly payment:

  1. Amount financed
  2. Term or length of contract
  3. Annual Percentage Rate (APR)

We offer competitive rates from a variety of finance institutions to fit nearly every budget and credit profile. 

The general guideline most financial companies follow is to spend no more than 15% of your gross monthly income on your vehicle payment.

 

For example, if you make $4,000 a month you should spend no more than $600 on your monthly vehicle payment; this works out to be 15% of your monthly income.   

Your credit score helps financial institutions predict the risk associated with your purchase of a vehicle.   This shows the financing companies how and if you pay your bills efficiently. 

Your credit score is a number that ranges from about 350 to 850. In most cases, the higher the score, you’re more likely you are to get approved for a vehicle loan. The systems that generate your credit score (Equifax and TransUnion)  look at your credit report and take various factors into account, this includes:

  • If and when you pay your bills on time. 
  • Total debt service ratio 
  • The amount of credit and age of your current credit outstanding 
  • Credit inquiries that you have applied for 
  • If you have any outstanding liens, judgments and if you have a current bankruptcy

Yes, in Canada most car loans are open-ended. This means that you can pay off your loan early without any penalties through your lender.

Yes, you can get a car loan. All our partners have special programs for the self-employed, even from day 1.

Over 50% of our approvals are for Canadians with less than perfect credit. Get pre-approved for bad credit car loans in minutes!

Our Dealer Partners offer you highly competitive terms, reduced time and effort, and a transparent transaction.

The interest rate is the amount of money a lender would charge you to lend money. Depending on your credit, interest rates in Canada can range anywhere from 0% to 29.99%. If a lender believes that the loan is a higher risk, they would charge a higher interest rate. It is important to maintain a strong credit profile to avoid this.

Yes you can!  We will need to secure you a new approval with a lower interest rate. From there, a new lender with a new rate would pay off your existing lien in full. After that, you would be able to move forward with your new loan. Keep in mind, if you rolled in negative equity on your original loan and your loan is over book value, you could be asked to put money down.

The major credit-reporting agencies can provide you with information about your credit history. Both can provide you with a copy of your credit report, which includes your credit score. Contact them via the Internet or call toll free:

 

Equifax

Web: www.equifax.ca

Toll-free number: (800) 465-7166

 

TransUnion

Web: www.transunion.ca

Toll-free number: (800) 663-9980

You can apply for online car financing with us. Use one of our easy to fill credit applications.  Apply now, chat with us or simply call us 1-888-738-2271 to get more details about online car loan services.

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(306) 543-2271

1.888.REV.CAR1

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