WHAT IS NEEDED
Auto financing documents: Which docs to use and why
FINANCE WITH CARDORA
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EASY PROCESS IN 6 STEPS
An easy way to finance your
Car
Transparent financing that could put money back in your wallet, with offers from our network of trusted lenders.
STEP 1
Employment & Income
You will need to have been employed at your current job for at least three months. Additionally, you must make at least $1800 per month. Other forms of income may also be accepted by some lenders.
STEP 2
Driver’s License
You will need to have a valid driver’s license. This is because lenders know that customers are more likely to pay back their car loan if they can legally drive.
STEP 3
Bank Account
You will need to have a bank account. The lender will want to be able to take the payment out of your bank account each month. The easiest way to do this is to get a void cheque or stamped pre-authorized payment form.
STEP 4
Down Payment
Although it is not always necessary, a down payment can often help your chances of getting a loan. The less you have to finance, the more likely the lender will be to approve your loan.
STEP 5
Current Address
In order to complete your loan documents, you must provide the lender with your current address along with address details including your monthly rent or mortgage payment.
STEP 6
Contact Details
You will be required to provide your full name, date of birth, phone number and email address to apply for a car loan.
FINANCE WITH CARDORA
They got my interest rate cut by half and my monthly payment reduced by $70 a month.
What would you do with extra money in your wallet each month?