A finance specialist from the exclusive dealership assigned to your approval process will ask you for some more information which they use to verify your identity and credit.
They can perform a soft-pull on your credit which doesn't affect your credit score to better understand your options.
Proof of your monthly income consisting of your 2 most recent paystubs
Acceptable identification: Valid BC Drivers License (L, N, Class 5...)
If you have outstanding debt or require a debt consolidation loan it is advised that you contact a debt consolidation specialist instead.
While our dealership partners go to great lengths to negotiate with banks, prepare and complete paperwork on your behalf, and work with you till you have keys in hand, we do not want to burden them with borrowers who get approved but have no way to afford their monthly payments.
If you carry excess debt that isn't manageable then we generally advise to pay that off first.
In some cases our dealerships can arrange cash back offers on loans with rates that are lower than those charged by credit card companies (a common source of debt) which can alleviate some of the debt load.
If you are unsure we still welcome you to apply as our dealership partners do a much better job than most banks when it comes to auto financing in BC.
Happy Lender is located in Port Coquitlam, British Columbia and also serves Coquitlam, Vancouver, Maple Ridge, New Westminster, Burnaby, Surrey, Langley, Richmond, White Rock and surrounding areas.