Frequently Asked Questions

Drive Financial works with clients nation-wide and has the ability to offer the lowest rates in the industry, providing loans to nearly anyone in Canada, regardless of your credit situation or financing needs. We’ll work together until you get the vehicle you want, and be there when you need us in the future.

Generally, for approval, we will require:

  • Government-issued ID (driver’s licence, passport, status card, etc.)

  • Proof of income (two recent pay stubs)

  • Proof of residence (recent utility bill, credit card statement, etc.)

  • Bank information (void cheque or pre-authorized payment form)

Once all required documents are collected they are sent to the lender. From there, generally within a few hours, we can begin organizing the delivery of your unit.

If you are self-employed, you will need the following documents:

  • Government-issued ID (driver’s licence, passport, status card, etc.)

  • Tax returns (two years)

  • Financial statements

If you own your own business, you will need to provide your GST number, address, and business licence.

It’s time to get your credit score on it’s way! We work with all credit types. Generally, the minimum requirement is a monthly income of at least $1,800 before taxes and deductions (C.P.P., E.I., etc.)

We work with many varied lenders who understand your needs and can offer the best possible rates and terms available anywhere.

Our goal is to take the pressure off the process and help you obtain financing fast! Once approved, you are able to purchase from us, online, private sale, or from any dealership!

Yes! It is very common for clients to trade in their vehicles, even if not yet paid off. We deal directly with your financial institution to pay the loan off for you, then move ahead with your new deal.

Bad credit can happen to anyone! If you have faced bankruptcy, consumer proposal, or simply have very bad credit, there is no need to worry. Drive Financial will match your application with a lender that specializes in your type of credit situation.

Four main factors are considered:

  • Vehicle year / mileage

  • Vehicle cost

  • Your credit rating

  • Your down payment

Early repayment penalties, or ‘exit fees’, are only present in certain lender’s contracts. We can avoid these lenders if you intend to repay early.

Auto • Powersports • RV • Marine ••• Buy from Us, Private Sale or Dealership! ••• All Credit Considered ••• Delivered to Your Door!
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