AutoNet Financial expands its operations and Canadians can now enjoy our Canada bad credit car loan service.
Helping Canadians
We recently expanded our Canada bad credit car loan service. Now, AutoNet Financial is able to help people with bad credit all across Canada buy a car; our Canada car loan service, by the way, is available in every province – from Nova Scotia to British Columbia and everywhere in between.
The recent expansion will also allow Canadians with bad credit the opportunity to buy the same cars as Canadians with good credit do. AutoNet Financial and our dealers focus on financing new cars or late model low mileage used cars still under factory warranty. A loan on a new or used car helps people with bad credit raise their credit scores, as long as they make the monthly payments on time. So, after paying off a car loan with bad credit, residents of Canada should improve their credit score.
Our philosophy
At AutoNet Financial, we want your car buying experience to be positive, quick and hassle-free. We also want you to be aware of the power a car loan has in helping you to re-establish your credit. Our goal is to help all parties involved work together smoothly so that each party will benefit from their involvement.
How we are different from in-house financing
In most cases, the disadvantages of in-house financing far outweigh the advantages. While most of the vehicles found on this type of lot are affordable, they are affordable for a reason: most of the vehicles are older used cars and most of them have high miles. When you finance a vehicle at one of these lots, you will be required to make weekly payments. If the car breaks down, you will be responsible for all repairs since most of these cars will not qualify for an extended warranty. If the car happens to get repossessed because it has broken down and you can’t pay to get it fixed, you will lose all your payments plus your down payment.
The biggest disadvantage, however, is that most of these dealers do not report your payment history to the three major credit bureaus – Experian, Equifax and TransUnion. Since reporting is entirely voluntary, there is no way for the bureaus to know the amount of the loan or the number of payments that you made on time. As a result, you are no further along in improving your credit – especially your car credit.
How to rebuild your credit
If you are really interested in reestablishing your credit, you need to finance your next car with a lender that reports to the credit bureaus. Here at AutoNet Financial, we make it easy for you to apply online using our secure application. Our web site also features a car finance resource page as well as various financial calculators.
The Bottom Line
At AutoNet Financial, we are serious about improving your credit score and getting your auto credit reestablished. For more information, visit our web site at www.autonetfinancial.com.
