FAQs

No. When you get pre-approved with DealerCanada, you can see real financing terms based on factors like your credit history, income, and vehicle details — but you are not fully approved for a loan yet. Final approval requires underwriting, including identity and income verification, which typically happens when you move forward with a specific vehicle through our partner network.

Yes. As long as you are 19 years or older†, make at least $1,800 per month, and have no active bankruptcies, you can typically start a financing application with DealerCanada. Filling out the pre-approval application does not impact your credit. †Alberta requires customers to be 18 years or older.

Your down payment is due as agreed when you finalize your purchase with the selling dealer. When you reach the payment step, please ensure funds are available before proceeding. Acceptable payment methods are typically arranged via online banking or other methods confirmed at signing.

In most cases your down payment is processed as a single transaction and cannot be divided into multiple payments. Ask your finance coordinator if your specific deal allows otherwise.

DealerCanada financing programs are arranged through our partner dealership network. Speak with our team about vehicles and locations we can support for your pre-approval.

No soft-hit surprise at the start: when you get pre-approved with DealerCanada, you can see real terms without affecting your credit score. A formal credit inquiry typically happens later when you schedule delivery or pickup and move into full underwriting.