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Logo Prêt Auto Solution
clients financement automobile maison

Learning that your credit is bad can make your hopes of buying a car seem dashed. However, this should not discourage you; there are other options to obtain the vehicle of your dreams without having to go through all the stressful steps of banks or financial institutions, like in-house auto financing.

Some dealerships are striving to find solutions that will help their customers get the vehicles they want, even if it means stepping out of traditional financing options.

How to calculate your in-house auto loan?

The amount you can borrow, the repayment term and other factors go into determining your car loan rates. For example, some dealerships may require a base deposit which is placed against any finance charges incurred during repayment; others set their own criteria based on what they think is best suited to each customer’s needs in terms of purchasing vehicles from them, as well as overall borrowing ability/prospect.

The criteria to be admitted to an in-house auto loan

You can get a car loan even if you are unemployed or retired! The people who most often get financing from dealerships are retirees on welfare or middle-class employees. This financing is therefore possible and accessible for all concerned – regardless of their income level at the time.

Make a budget before committing

When shopping for a car, it’s important to know your monthly payment amount before you commit to a in-house auto financing option. The information needed to determine your monthly car loan payments is often determined by the calculator that dealerships incorporate. These include the duration (in months), the amount borrowed and the interest rate, although these are usually pre-programmed into their own systems depending on the types of loans they offer.

The interest rate on your loan will have a huge impact on both how much you pay back each month and what type of plan is best for you. Make sure this factor has been taken into account before making any decisions on where or when you will fund!

Credit solutions for everyone, whatever your credit is!

You’re in luck ! Loan Auto Solution is here to help you. We offer quality services and we can even grant you car financing despite your bad credit – do not hesitate to call on our team for assistance in evaluating your file or for any other question that may arise / occur along the way.


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Get in touch with our team for more information!