Questions
We’re glad you’re here to be part of the journey. If you have any questions, just ask—we’re here to help.
Frequently Asked Questions
Q: Is Autoassit a small used car dealer?
No we are one of Ontario’s largest specialty auto loan companies and has access to 5,000 quality new and used vehicles. This gives you a wide selection and strong financing options.
Q: Does it cost anything to apply?
No. Our online car loan application is completely free. There is no risk or obligation.
Q: What interest rates do you offer?
Our auto loan interest rates range from 0% to 29.5%, depending on your credit profile and the vehicle being financed. A finance specialist will contact you to provide your exact rate after reviewing your application.
Q: What if I have bad credit?
We understand that financial challenges happen. Everyone’s situation is different, and we believe in second chances. No matter your credit history, we will work to find a financing solution that fits your needs.
Q: Will applying affect my credit?
A credit check may be required, but we do not submit your application to multiple lenders unnecessarily. We first review your situation and then proceed with the most suitable lender after speaking with you.
Q: What happens to my personal information?
Your information is 100% private and secure. We do not sell or share your personal data. It is only used to review your application and match you with the most appropriate financing options.
Q: What if I’ve been turned down elsewhere?
That’s not a problem. We work with a wide range of lenders that specialize in different credit situations. While approval terms vary, we will guide you through your options and next steps.
Q: How much can I qualify for?
Your approved loan amount depends on your credit, income, and overall financial profile. We will determine your eligibility once your application is reviewed.
Q: How much down payment is required?
Down payment requirements depend on your credit and the vehicle you choose. Some qualified applicants may be eligible for zero down financing.
Q: Can I use a trade-in?
Yes. Trade-in value can be used toward your down payment or overall financing.
Q: What type of vehicle can I purchase?
Your approved budget will determine your options. With access to thousands of vehicles across multiple dealerships, we can help you find something suitable for your needs and budget.
Q: What determines my interest rate?
Interest rates are based on your credit score, income, employment stability, and overall financial profile. Higher credit scores generally receive lower rates, while special finance programs are available for challenged credit.
Q: Can I get zero down financing?
Zero down options may be available for qualified applicants. Stronger credit profiles are more likely to qualify, while others may require a down payment or trade-in.
Q: What do I need to apply?
You must:
- Be at least 18 years old
- Have a valid Ontario driver’s license (or co-signer with one)
- Earn at least $2,200 gross per month
- Have at least 3 months of employment
Q: Where do you operate?
We serve all of Ontario. With multiple dealership partners and a head office in Toronto, we offer delivery anywhere in the province.
Q: What is the minimum income required?
The minimum gross income requirement is $2,200 per month, or you may qualify with a suitable co-signer.
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