Frequently Asked Questions
Everything You Need to Know About Auto Financing
Do you offer financing on all vehicles?
All vehicles from Auto Durocher qualify for the offered financing programs. Over 400 financing programs are available from 18 financial institutions. In only 5% of cases, a small down payment is required for the transaction. But typically, no amount is due at the time of vehicle pick-up. We offer financing plans ranging from 24 to 96 months.
Why is Auto Durocher's financing different from other dealers?
No dealer or dealership offers as many financing plans as we do. Most dealers offer common and generic financing plans. Auto Durocher has established a strong relationship with 18 financial institutions, allowing it to negotiate specific programs for its customers. Many programs are only available at Auto Durocher.
How do your financing plans work?
Can I reserve a vehicle?
What will my interest rate be?
How long does it take to get pre-approved credit?
Do I need to inform you about my current credit situation and credit history?
Do I need to put cash down to get auto financing?
I currently have an undischarged bankruptcy or consumer proposal. Can I still get financing?
I am currently in the process of paying my creditors through a bankruptcy trustee. Can I still purchase a vehicle?
I don't work or don't have declared income, can I get a loan?
Yes. We deal with an alternative financing institution where the only requirement is a minimum down payment.
Can I trade in my vehicle?
Who will see the information in my credit application?
Does the information I provide remain confidential and secure?
Yes. Financement Auto Durocher adheres to the highest security and confidentiality standards in the market to protect your personal data. Additionally, our online credit application is entirely secure.
If my credit situation improves, can my rates be lowered?
Are there any fees for the credit application process?
Can I get financing even if one of my previous vehicles was repossessed due to non-payment?
Can I get financing if it’s my first loan?
What’s the difference between first and second chance credit?
Will I be approved for a car loan?
Will applying for a loan affect my credit?
Yes and no.
In fact, every time you apply for credit, it's recorded on your file. The number of requests, whether accepted or refused, affects your credit score. However, you have the opportunity to improve your credit score by contracting different loans. An auto loan with installments that match your payment capability can help you rebuild a good credit record.
At Auto Durocher, we are specialists in auto loans. We work with several financial institutions offering auto loans. Thus, you reduce the number of inquiries. With a single application on your record, you have access to all options on the market.
It's important to apply for credit only when you genuinely need it. Accepting a new credit card offered in the mail or in stores to receive a bonus or gift is not a good idea if you don't plan to use the card. They will all be recorded on your file even if you don't use them.
However, for young people and newcomers, it's important to establish a credit record. To do this, getting a credit card issued by a financial institution will help you build your credit. To maintain a good score, you'll need to use it optimally, meaning using it for your purchases and paying it off immediately or paying the full amount by the due date at the latest.
If your credit score was affected in the past, no problem; you can fix it. You can meet with a financial manager to understand your credit behavior and make better decisions. Then, you can take action by using good payment methods and improving your credit record.
In summary, at Auto Durocher, you can enhance your credit score by taking out an auto loan that matches your payment ability and making the payments on the predetermined date.
When can I actually get my new vehicle?
At Auto Durocher, you can find and leave with a vehicle the same day.
In a few quick and easy steps, you resolve your transportation needs. We have the team and all the services to meet your requirements.
To save time, our financing service determines the amount available for your vehicle purchase.
Then, our team of auto consultants will work with you to find the best fit from over 300 vehicles in our inventory. Before that, you will have discussed your tastes, space and cargo needs, and how you'll use your vehicle. Since all our vehicles are indoors, it's easy to sit in them to get a first impression of the interior space. Then, a test drive is done to confirm your choice. You can test several vehicles to help make the right decision.
Once these steps are complete, all that remains is to finalize the paperwork.
At Auto Durocher, purchasing and taking possession of your new car is quick due to our all-in-one services and extensive inventory of vehicles that are already inspected and ready to go.
In summary, here are the steps:
- Get your financing in 5 minutes;
- Determine your needs with one of our consultants;
- Choose your vehicle from over 300 in inventory;
- Take a test drive;
- Finalize the transaction with one of our financing consultants;
- Take the keys and hit the road.
At Auto Durocher, we offer all services under one roof.
On the same day, or at the latest the next day, you leave with the vehicle of your choice.
Do You Have
We’d be happy to answer!