Get financing in simple steps
Financing is simple
Get pre-approved online
Use our online calculator to explore the best option for your situation.
Pick your payment
Your credit score impacts your interest rate. Check your status with no impact on your score! We offer financing options for all credit situations.
No matter your situation, we’ll help you secure the right monthly payments. Pay for your vehicle by borrowing, leasing, or with cash in the form of a certified cheque or bank draft.
If you’re a first-time car buyer, you might not have a credit history, a down-payment, or a vehicle to trade-in. But don't worry! We collaborate with Canada's major banks and can provide you with flexible financing or leasing options.
Bad or no credit
Have a bad credit score, been refused a bank loan, or declared bankruptcy? Our solutions cover all credit situations. Our financing specialists can help you secure an affordable solution that fits your budget.
Newcomers to Canada
Moving to Canada means starting from scratch with your credit score. The good news is that we can still qualify you for a loan, and soon, you'll be driving off in your first Canadian car!
High rate on an existing loan
If you have an existing loan and believe you’re paying too much, we can assist. Our parent company, Go Auto, can buy out your remaining debt and provide you with a better finance rate and lower payment.
What do I need to
Employment & income
Typically, you need to have been in your current job for three months or longer, and make a minimum of $1,800/month. Other forms of income, including certain types of government assistance, might also be accepted.
Having a down payment can certainly help, but it's not mandatory. The less money you need to borrow, the higher the likelihood of the lender approving your car loan.
Please bring your valid driver’s license to your appointment. Also, you need to be of legal age in the province you live in.
To complete your loan documents, we need your current address, including your monthly rent or mortgage payment.
Lenders prefer to automatically withdraw the monthly payment from your bank account. The easiest way to arrange this is to provide a void cheque or a stamped pre-authorized payment form.
You'll be asked for your full name, date of birth, phone number, and email address to apply for a car loan.
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Paying Off Your Go Auto Kelowna Car Loan
Paying off your loan early
Most financial institutions allow early loan repayment after a specific period, usually six months. If you're interested in this option, you can contact your bank or us for more information.
Changes to payments
Lump-sum payments or increased regular payments are often allowed by most lenders. To find out about these options, you can contact us or your lender.
Extending a loan term
Once your loan is set up, most lenders won't extend the financial agreement. If you need an extension, you should reach out to the finance specialists at Go Auto Kelowna or your lender to see if it's a possibility.
Car loan insurance
While car insurance is common knowledge, many people don't know that they can also insure their car loan. If you were to lose your job or fall ill, loan insurance could cover your regular payments. Ask us at Go Auto Kelowna about this type of insurance.
If you're on a low income, don't worry! If you're earning $1,800 a month or more, you could be eligible for a car loan.
Switching a loan to another vehicle
If you want to change vehicles but still have an existing car loan, we can help. We'll assist you in selecting your next car, paying off what you owe, and transferring any outstanding balance to your new agreement.