Frequently Asked Questions

To apply for a loan you must be 18 years old or older and provide us with a valid Ontario Driver’s License. In addition, you must be employed for at least 3 months at your current job and make at least $2,200 in a month to qualify for a loan on your own. If you do not meet the income requirements you must have someone who does to co-sign the application.

The interest rates you will be charged for any auto loans through Auto Credit Car Loans will vary widely depending on your specific situation. If you have good credit, it can be as low as 4.9%; but if you have bad credit, it can be as high as 29.5%. We spend a lot of time asking for details about your situation before sending your application to a lender we know can help get you the lowest rate.

The biggest factor is your credit score, which is what banks use to set the interest rates for your car loan.

Our number one priority is to help customers establish and/or improve their credit, no matter how bad your credit score is. We believe that people’s credit scores can be hurt due to circumstances in life they have no control over, and that everyone deserves a second chance to build it back up without embarrassment.

We work with auto lenders who specialize in every type of application and credit situation. This is why we spend time talking with you directly to find out the details of your situation before sending your application to an auto loan lender we know is most likely to approve it. This is why 95% of applications to Auto Credit Car Loans are approved within 2 days!

Normally when you apply for credit to banks or other companies your credit will be affected, especially if they make several applications to get one approval. The more your credit is pulled the more your credit is affected. However, at Auto Credit Car Loans we carefully review your information in as much detail as you can provide so we can make your application through a car financer that we know will approve you. We do not pull your credit score before speaking with you directly over the phone.

How much financing you can get depends on your credit. After speaking with you to determine your situation we can determine what you can qualify for in terms of a loan.

It depends on your credit situation and what vehicle you want to buy. Most people will have to make a down payment of at least 5% of the vehicle’s value. However, those with great credit scores can apply for no-down payment loans, but the general rule is that the bigger the down payment the more likely your loan will be approved.

You absolutely can. This is a common way of using the value of your old car when buying a new one.

It depends on a number of factors: your down payment, your credit score, and how much of a loan you can get approval for. As part of The Humberview Group we provide 1500 used cars from all makes and models for you to choose from.

We serve customers in Woodstock and the surrounding area: London, Ingersoll, Brantford, Stratford, and Kitchener-Waterloo.

Any and all information you submit to us with your application is kept private. We do not share or sell your personal information and our credit app is fully encrypted and secure.