+ Is my pre-approval guaranteed?
Unfortunately not every application is approved.
+ How much will I be approved for towards a vehicle?
Every application is different and our lenders look at credit, vehicle price and vehicle kms.
+ Can I pay off a car loan early?
Yes, in Canada most car loans are open-ended. This means that you can pay off your loan early without any penalties through your lender.
+ Can I get a car loan if I'm self-employed?
Yes, you can get a car loan. All our partners have special programs for self-employed, even from day 1.
+ How are auto finance decisions made?
Financial institutions typically take four major factors into account:
- Vehicle specifics (model, style, age, mileage, and cost)
- Application information such as income, time at current job, and time at residence
- Credit history
+ Can I apply with bad credit?
Over 50% of our approvals are for Canadians with less than perfect credit. Get pre-approved for bad credit car loans in minutes!
+ I have excellent credit, what can Drive Simple do for me?
Our Dealer Partners offer you highly competitive terms, reduced time and effort, and a transparent transaction.
+ Can I refinance to stretch out my term and Payments?
Yes, you can extend your term and lower your payment.
+ Can I finance my Lease Buyout?
Yes, your lease can be paid in full and transitioned to a finance.