Credit Profile
Lenders evaluate your credit history to see how you’ve managed payments in the past, debt-to-income ratio, employment stability, and housing situation.
Check My Free Credit Report
Simple. Hassle Free. Financing.
At Trucktown, we make securing financing for your next vehicle easy and stress-free. Hassle Free. Financing. Regardless of your credit situation, we’re here to guide you every step of the way.
- Good Credit
- Retired
- No Credit
- Self-Employed
- Bad Credit
- New To Canada
What Factors Impact
Financing and Interest Rates?
Financing and Interest Rates?
Lenders consider several key factors when determining financing options and interest rates:
Deal Structure
The way your financing is structured plays a critical role. Lenders assess the loan term, down payment, budget, payment frequency (monthly or bi-weekly), and the total amount being financed.
Collateral
Lenders examine the vehicle tied to the loan. They evaluate whether the chosen vehicle works as suitable collateral and consider any trade-ins that could affect the deal’s equity or negative equity position.
We’ve partnered with leading lenders to find the best programs for you. Each lender has their own unique programs, ratios, and requirements. Our experienced team understands these intricacies and works to guide you towards the best financing scenario tailored to your needs.
