Car Loans from the Loan Doctor in the GTA

GTA Bad Credit Car Loans

Buying a Car After Declaring Bankruptcy

It can certainly be tough to reestablish your credit after declaring bankruptcy. One of the best ways to get your credit back on track is to make on-time payments toward a vehicle loan over a period of several years. Consistent, timely payments can work wonders for nearly anyone's credit score over time. At Loan Doctor, we are able to finance nearly anyone, and are able to offer bankruptcy car loans in the GTA to those individuals who qualify. It is important not to get in over your head a second time, so please ensure that the monthly payment of the car, truck, or SUV you are considering purchasing will fit easily within your budget. You should also make allowances for the cost of gas, registration and insurance, vehicle maintenance, parking and tolls, and other related expenses.

Easy 3-Step Process
 

Two Minute Application

Quick, easy and secure credit application. This is the first step in rebuilding your credit and getting the vehicle you want.

 

Choose Your Vehicle

Loan Doctor has access to thousands of cars, trucks, vans and SUVs across the country. We finance all makes and models!

 

Drive Away...

Congratulations on your new car! Loan Doctor will continue to work on lowering your interest rate even after you drive away.

Finding the Perfect Car for You in the GTA

If you're in the market for a new car, finding what you need can be overwhelming. Luckily, there are some simple things to do that will help you find a car that will be perfect for you, and here at Loan Doctor, we can help you through the process. Once you've set your budget, please fill out our online credit application. With our extensive experience and flexible borrowing options, we can help you find the perfect car and ensure that it fits within your budget. We want you to be happy with a car that you can afford, and we have the resources to loan you money regardless of your previous credit history. Come to us for the perfect car loan in the GTA and surrounding areas.

Enjoy The Convenience Of Auto Loans in the GTA

When someone sets out to purchase an automobile, especially if it has been a while since the previous car, they may be at a loss of where to start. Should they shop for auto loans first or should they get a loan after they visit the dealership. If you have poor, bad or no credit we strongly suggest you start with us at the Loan Doctor. Let us work with our large group of lenders to ensure we get you the car loan that suits you best.

Buying privately?

There are special considerations for someone buying a car from a private seller. Whatever you know them as, "curbers" or "curbsiders", watch out for them. These folks are looking for unsuspecting buyers. They pose as private individuals selling their car, but are actually in the business of selling stolen, rebuilt or odometer-tampered vehicles.

They sell damaged or defective cars to people. Don't be mistaken in thinking it won't happen to you, because according to the Ontario Motor Vehicle Industry Council, surveys have shown that one in four classified vehicle ads are placed by curbsiders.

Tips on how to make sure you're not dealing with a curber/curbsider

If the seller refuses to give you the information necessary to obtain a report on the car's history or make available all required information about the vehicle, walk away.

Check the car's registration. Make sure the car you are buying is registered in the name of the seller. If it isn't, ask why. Otherwise, you may be buying the vehicle from a curbsider. Have your mechanic check the car before you agree to buy it, get an unbiased opinion from a mechanic you trust and not someone the seller suggests.

Inspect the vehicle during daylight because under the cover of darkness, many flaws can be hidden out in the open. Make sure you check out the car in the light. Look for extreme wear of the upholstery, seats, brake and accelerator pedals. Also, note anything new as this could signal the car has had more than its fair share of use. Look closely at the exterior and watch for waves on the body which could mean bodywork or that the vehicle has been in an accident.

Inspect the vehicle during daylight because under the cover of darkness, many flaws can be hidden out in the open. Make sure you check out the car in the light. Look for extreme wear of the upholstery, seats, brake and accelerator pedals. Also, note anything new as this could signal the car has had more than its fair share of use. Look closely at the exterior and watch for waves on the body which could mean bodywork or that the vehicle has been in an accident.

How Car Loans Can Improve Credit

Many of our customers are curious about when the right time to get a bad credit car loan is. Some customers think that they might be able to get better interest rates if they are able to improve their bad credit. Other customers think that they might be able to wait for a special program through a dealership in order to get their bad credit car loans. Here are a few things that you should know about getting a bad credit car loan if you are in that boat:

Consider need

Whenever you have to take out a loan of any type, chances are good that the thing for which you need to take out the loan is important. Therefore, make sure that your need for a car is worth taking out a car loan, which it probably is. If you need a car to go through your daily life, then you may not have the luxury of waiting for the "right" time to take out a bad credit car loan. Instead, you may have to act quickly just in order to function. We work hard to make sure that you get the best possible financial arrangement, regardless of your credit situation. Feel free to speak with us about your concerns and limitations.

Specials

Dealerships do offer special rates throughout the year for customers that qualify. In many cases, customers with bad credit will NOT qualify for these special programs. However, keep in mind that these are not ongoing programs. Therefore, waiting for one of the programs to come around might not be worth your time if you need a car right away.

Credit Fix

There are situations in which customers come to us with bad credit. When we review their credit situation, we can find small things that they can do to fix their credit easily. If it is worthwhile to the customer, we may suggest that they improve their credit and then come back to us in several weeks. If they are able to do so, they may be able to get a lower interest rate and higher loan amount. Trly a WIN/WIN.

There are many reasons to buy a used car with bad credit that we are happy to discuss with our customers.

Contact us today for more information about how we can get the best possible loan and financing opportunities for you so that you can buy your car regardless of your credit situation. Please fill out our secure online credit aplication to start the process.

Be Educated Before You Buy

In our fluctuating world economy, it can be difficult to tell when the right time is to apply for a loan. Even so, there are a few ways that you can get the best rates that will be comfortable within your budget. When it comes to car financing, here are some tips to know before you go shopping for your new car.

It is vital that you keep apprised of the current market and rates being offered. Since the market changes often, it is to your advantage that you keep track of rates regularly so that you can discern trends and apply for a car loan in the GTA before the rates go up.

Another important word of advice to follow before buying a car is to have an in-depth understanding of your financial situation. Knowing what your maximum purchase limit is and credit score, will help you gauge what kind of interest rate you will qualify for and the price point which you stay at to comfortably afford a new car.

With these two helpful tips, you should be able to find the right car for you and at the right price.

How To Get Your Car Loan Approved Today

If you are looking to purchase a vehicle there are several things you should be aware of. First, there are so many options available to assist you in your vehicle search. Gone are the days of walking around numerous car dealership lots, test driving several cars, and being hassled by car salespeople. With the ease and convenience of the Internet you can conduct all your research online and find your perfect vehicle without being pressured into buying when you're not ready.

Before you begin searching online, consider how you are going to pay for the vehicle. Do you have cash to pay for the entire purchase or will you need to finance some or all of it? Most likely you will need to finance at least a portion of the vehicle so to get your car loan in GTA approved today start by filling out our secure online credit application.

Bad Credit Car Loans and Auto Financing GTA, Ontario

Regardless of your past credit issues Loan Doctor can help

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