Vehicle Financing 101

Vehicle financing helps you afford the vehicle of your dreams when you can't. Go Auto will lend you the money you need to make your purchase! This allows you to make manageable payments each month until you can pay off your car, truck or SUV. Not only does this easily get you the vehicle of your choice, but it's also a great method to build your credit for future vehicle purchases. Go Auto Outlet has an in-house financing department that provides an easy pre-approval process for almost any credit type. Read on for everything Go Auto Outlet offers when you need financing for your vehicle.

A penny jar labelled Car

Who Can Apply and Be Approved for Financing?

At Go Auto, we make sure that almost anyone can apply. We want to help everyone get the vehicle they want, so that's why we've opened up our qualifications as much as possible to get you financing. Book an appointment with our financing department to find a financial plan that's best for your needs. Make sure to bring your driver's license, pay stub/proof of employment and void cheque to your appointment. Go Auto operates under four factors to determine your approval for a car loan: vehicle selection, application information, credit history and down payment. We work with a wide selection of lenders to give you a better chance of being approved!

A sign with an arrow and Good Credit

Your Credit Score and How it's Calculated

The credit score attached to your name helps financial lenders ascertain the associated risk with you purchasing a house, car or anything else of major importance. In short, it's meant to find out the likelihood that you will be able to pay your bills. The higher the score, the higher the chance you will get a better financial offer. Credit scores stretch from around 350 to 850. When analyzing your credit report, our system takes into account several factors including timeliness of payments, amount of debt, number and age of credit accounts and inquiries from applying for credit. Don't worry if your credit isn't that great, you can still get some level of financing and improve it by purchasing a vehicle through us!

Loan button a calculator

Financing Calculator

To help with your financial planning, Go Auto Outlet has a car loan calculator directly on our website for your ease of use. Our calculator allows you to simply determine an estimate of how much you will have to pay for payments on your vehicle. This tool is a great resource to find how much you may be paying monthly, so that you can properly plan your finances. All our calculator requires is the vehicle price, down payment/trade value, sales tax, interest rate, term and payment frequency from you to get your rate. Keep in mind this is just an estimate, and a proper evaluation still has to be made.

If you have any questions, don't hesitate to contact us or visit our FAQ page for the answer you're looking for. Additionally, come into our dealership to see how we can help you finance a vehicle.

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