Why should I use 411Loans.ca?
411Loans.ca partners with dealers in Canada so you can receive what you are looking for quickly, easily and hassle free. We take our partnerships seriously and only partner with certain dealers. For us, it’s not about having the largest network it’s about having the most effective network.
What is my information used for?
Our partnered dealers will use your information to help get a picture of what you can afford and come back with offers that meet your needs but are affordable for your situation.
There is no obligation if you fill out an application.
Do I have to finance or can I buy cash?
Cash sales are welcomed by all partnered dealers. Just let them know when they contact you. The application is designed to give them a better picture of the situation overall.
What happens to my loan if I trade in?
Our partnered dealers can take care of this on their end.
What if I have bad credit or no credit?
We partner with experienced dealers that have finance departments that specialize in this area so they can work with you to help grow your credit.
Can I build credit by having a car loan?
Yes, as long as you don’t miss payments you are building your credit for the duration of your loan.
Is there any criteria?
Every situation is unique so there’s no specific answer, but you must be 19 years of age in BC for financing.
If you’re under 19 you would need a co-signer.
What are the interest rates?
Interest rates will depend on your credit history, income, and size of loan and are decided by the bank. It ranges a lot from 0% to 39%.
How does this work?
The process is pretty simple. Most of the work is done behind the scenes.
- You apply
We receive your application and partner you with a dealer, who matches you with a finance manager. - They get in touch with you and confirm your details and discuss options.
- If you choose to proceed and have agreed to a vehicle and terms, you will get paperwork to finalize your deal. Shortly after you sign the papers your vehicle will arrive at your door.