How does AutoZoom determine financing terms and rates?
Your terms are based on your credit history, income, and the price and year of the vehicle you're financing.
This is my first car purchase. Can I finance with AutoZoom?
Our finance sources accommodate most credit profiles. Our minimum requirements to obtain financing are as follows: you are at least 18 years old, make at least $10,000 in yearly income.
If I have bad credit, can I still finance with AutoZoom?
AutoZoom works with all types of credit and can accommodate most credit profiles. You must have a monthly income of at least 1500$ per month.
Does getting pre-qualified impact my credit?
No, getting pre-qualified does not affect your credit score.
How do I make my payments?
The payments will be automatically withdrew from your personal bank account. You will need to provide us a void cheque or a direct deposit form.
Can I carry over a negative equity?
Yes. Its always conditional to the bank approval. If approved the previous debt will be added to the total amount financed on your new car loan and included in your payments. Please note AutoZoom will pay off in total your previous car loan.
Does AutoZoom offer financing?
Yes. We offer financing through several finance sources, including AutoZoom Finance.
Am I able to pay more than the required amount?
Yes. You may put more money down or increase your monthly payment without any penalties. There are also no penalties for paying off your loan early if you choose to do so.
Can I change my payment dates?
Yes. After your first payment comes out you can contact the bank your loan is through and have them change your payment date.
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