FAQs
You’ve got questions? We’ve got answers.
Can I apply for credit online?
How much can I borrow for a car loan?
Can I pay off a car loan early?
How are auto finance decisions made?
Financial institutions typically take four major factors into account:
- Down Payment
- Vehicle specifics (model, style, age, mileage, and cost)
- Application information such as income, time at current job, and time at residence
- Credit history
Can I apply with bad credit
Over 50% of our approvals are for Canadians with less than perfect credit. Get pre-approved for bad credit car loans in minutes!
What is the interest rate on a car loan?
The interest rate is the amount of money a lender would charge you to lend money. Depending on your credit, interest rates in Canada can range anywhere from 0% to 29.99%. If a lender believes that the loan is a higher risk, they would charge a higher interest rate. It is important to maintain a strong credit profile to avoid this.
What's your inventory?
We have access to all makes & models for both new and used vehicles in every province. Our approval centres will first secure you the lowest rate and best approval. From there we can help you select a vehicle that matches your approval.
What finance companies does Cardora work with?
Cardora works with a large network of lenders who are ready to get you financed.
Our Clients Have Received Financing From Companies Like:
- TD Canada Trust
- Bank of Montreal
- RBC Royal Bank
- Scotia Bank
- Scotia Dealer Advantage
- Trend Financial
- Carfinco
- Ford Credit
- VFC
- WS Leasing
- Dominion Leasing