In-house auto financing to buy your used car

In-house car financing is a credit solution offered directly by a merchant or a specialized company, such as Quebec Auto Loan, without going through traditional banking institutions. This type of financing is particularly useful for people whose credit file does not always allow approval by a bank or credit union.

With in-house auto financing, the company selling the vehicles also acts as the lender. This means it can evaluate the loan application, set the loan terms (interest rate, term, payment amount), and approve the financing based on its own criteria, which are often more flexible than those of traditional financial institutions. This model therefore allows for greater flexibility and faster decision-making.

Unlike traditional bank financing, which often requires a credit rating With a high income, proof of stable income and a solid credit history, in-house car financing focuses more on the customer's current situation. The goal is to make vehicle ownership more accessible, especially for people in financial difficulty. bad credit, bankruptcy, or even for the new arrivals who have not yet built their financial history in Canada.

This type of financing is also generally faster to set up, with a response time of a few hours or sometimes even minutes. This makes it a practical and effective solution for those who urgently need a vehicle, whether to get to work, accompany their family, or regain their independence.

In-house car financing with Prêt Auto Québec offers several significant advantages that simplify and accelerate the vehicle purchasing process, especially for those who encounter obstacles with traditional banks.

One of the main advantages of this type of financing is the speed of approval. Unlike traditional financial institutions, which can take several days or even weeks to approve a credit application, Prêt Auto Québec offers a rapid response, often in just a few minutes. This allows customers to immediately know if they are eligible for financing, allowing them to quickly proceed with their vehicle purchase without unnecessary delays. This rapid process is particularly useful for people who urgently need a vehicle for professional or personal reasons.

Additionally, in-house car financing at Prêt Auto Québec stands out for its flexibility. Approval criteria are often less rigid than those of banks, allowing a wider variety of clients, including those with poor credit, past bankruptcy, or a lack of credit history, to benefit from a financing solution. Payment terms, such as loan term and payment amounts, are also flexible and tailored to each client's needs, ensuring that the monthly payment remains affordable.

Another key advantage is the accessibility of credit, even for those who have difficulty obtaining a loan through traditional channels. Prêt Auto Québec offers financing options for a wide range of financial profiles. Whether you have a less favorable credit situation or are new to the market, the company considers your specific needs and works with you to find a solution that will allow you to obtain the vehicle you desire.

Finally, in-house car financing with Prêt Auto Québec stands out for its personalized support. The Prêt Auto Québec team isn't just there to approve credit applications; it's also available to guide each customer throughout the purchasing process. This personalized service includes financial advice tailored to your situation, a clear explanation of financing terms, and assistance in finding the vehicle that fits your budget. This creates a more peaceful and less stressful buying experience, especially for those navigating complex financial situations.

In short, choosing Prêt Auto Québec for in-house car financing means benefiting from a fast, flexible and accessible process, while being supported by a dedicated team that helps you make the best financial choices for your future.

In-house car financing is designed to be accessible to a wide range of profiles, including those who are experiencing credit difficulties or lack a strong financial history. This type of financing is particularly beneficial for individuals who would otherwise struggle to obtain a loan from traditional financial institutions.

People with poor credit are one of the main groups who can benefit from this solution. Traditional banks generally require an excellent credit score to approve a loan. This can be a major obstacle for those who have experienced financial difficulties in the past. At Prêt Auto Québec, even if you have poor credit or a history of default, it is often possible to obtain financing tailored to your situation, with more flexible approval criteria and more competitive rates than those offered by traditional institutions.

People who have filed for bankruptcy or a consumer proposal can also benefit from this solution. After bankruptcy, it's common for access to credit to be very limited, making it difficult to purchase a vehicle. However, at Prêt Auto Québec, our goal is to give borrowers a second chance. We understand that bankruptcy is often a temporary situation and that clients are looking to rebuild their credit. That's why we offer flexible financing options, even after an event as difficult as bankruptcy or a proposal.

Additionally, newcomers to Canada may also be eligible for in-house car financing. Immigrants or people recently settled in Quebec often lack a Canadian credit history. This can make it difficult to qualify for loans from banks, which rely on local financial history. Prêt Auto Québec offers a tailored solution for newcomers, allowing them to acquire a vehicle without the need for a long credit history in Canada. This financing can help these individuals establish or rebuild their credit while addressing an immediate mobility need.

Other less traditional profiles can also benefit from this financing, such as those with irregular income or those in a period of professional transition. For example, self-employed workers, people on temporary contracts, or those with commission-based jobs may have difficulty obtaining traditional financing due to the irregularity of their income. Prêt Auto Québec takes these particularities into account and evaluates applications in a more humane and flexible manner, allowing these individuals to find a financing solution adapted to their needs.

Finally, even those with a stable credit history who simply want more favorable financing terms or a faster process can benefit from this approach. This financing is accessible to anyone looking for an alternative to traditional financing methods, with the added benefit of a quick response and personalized support.

The process for obtaining your vehicle at Prêt Auto Québec is designed to be simple, fast, and transparent, while being tailored to each financial situation. We guide you every step of the way, from the initial application to the delivery of your car, ensuring a hassle-free experience. Here's a detailed overview of the main steps:

1. The financing request
The first step is to submit a financing application. At Prêt Auto Québec, this process is quick and easy. You can apply online or in person, whichever is most convenient for you. The application includes basic information about your financial situation, such as your income, employment, current debts, and other relevant information. We don't require a flawless credit report, and even if you have a difficult financial history, we strive to offer you solutions tailored to your profile. The application only takes a few minutes and can be completed from home, at any time.

2. Approval of financing
Once your application is submitted, our Prêt Auto Québec team will quickly assess your file. One of the main advantages of in-house car financing is that approval is generally much faster than with traditional banking institutions. In most cases, you'll receive a response within minutes, directly by phone or email. Our team takes your current financial situation into account, rather than focusing solely on your credit history. This allows us to offer you a financing solution, even if your credit is less than perfect. If your application is approved, you'll receive a personalized financing offer that includes the loan amount, interest rate, repayment term, and monthly payment amount.

3. Choice of vehicle
Once your financing is approved, it's time to choose your vehicle. Prêt Auto Québec offers a wide range of quality used vehicles at competitive prices, with over 1,000 vehicles available in our inventory. We invite you to visit our showroom, explore options online, or speak with our team to help you find the vehicle that fits your needs and budget. You'll be able to choose from a variety of models, makes, and years, whether it's a small, economical car, a family vehicle, or a more luxurious model. Our advisors are here to help you evaluate your options and ensure you make the right choice, based on your personal preferences and financial needs.

4. Delivery of the vehicle
Once you've chosen your vehicle and confirmed financing, the final step is delivering your car. At Prêt Auto Québec, we ensure fast and hassle-free delivery. After signing the financing documents, you can drive away in your new vehicle, often on the same day or within a few days, depending on your availability and the vehicle's preparation. All our vehicles are inspected and in excellent condition, ready to hit the road. If you need advice on vehicle maintenance or administrative procedures, our team is here to assist you.

Throughout this process, we are committed to providing you with a personalized support, so that every step goes smoothly and stress-free. We understand that purchasing a vehicle is an important decision, and we want to make sure you are fully satisfied with your choice.