FAQ – Your Finance-Related Questions Answered
Why Finance with Pacific Auto Source?
Not only does our team of Finance Experts have years of experience working in the field, but we also work with dozens of various financial institutions. The advantage for you as a customer is better interest rates and more options for payment terms.
How Does Auto Financing Work?
Financing a vehicle is similar to paying a mortgage on a home; rather than paying in one big sum, you’re paying for the item in regular, smaller payments. The “term,” or period over which you will pay for the item, is adjusted to suit your needs, and Pacific Auto Source offers low-interest rates to make our plans as affordable as possible.
What will My Interest Rate be?
Your interest rate is based on several factors: your down-payment amount, your credit score, and how long the term of your financing is. Because we work with many financial institutions, we can get your interest rate as low as possible.
I Have a Low Credit Score; can I Still Apply for Financing?
Yes! With Pacific Auto Source, we work with everyone, regardless of their credit situation. And in fact, vehicle financing is a great way to repair your credit rating.
How Long does the Approval Process Take?
Typically, we get back to our applicants within a single business day–often sooner.
What Information do I Need to Bring?
You should bring with you a valid government-issued driver’s license, a current pay stub, and a void cheque.