Everything You Need to Know About Auto Financing
Do you offer financing on all vehicles?
Why is the financing at Entrepôt Auto Durocher different than other dealers?
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 do not work or I have no declared income. Can I still get a loan?
Yes. We deal with an alternative financial institution whose only prerequisite is a small cash deposit.
Can I trade in my vehicle?
Who will see the information in my credit application?
Does the information I provide remain confidential and 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.
Every time you apply for a loan, it’s recorded on your credit report. Each request, whether it is approved or denied, will affect your credit score. That said, you can improve your score by taking out different kinds of loans. You can build up your credit with a car loan that has reasonable monthly payments.
Entrepôt Auto Durocher specializes in car loans. We have business relationships with a number of financial institutions that issue car loans. By going through us, you can drop your number of requests to one and still have access to all the options on the market.
It’s important to get a new loan only when you really need one. You should avoid credit card applications that you receive in the mail or as a store perk if you don't actually plan on using the card. Even if you never touch the credit card, it will go on your credit report.
That said, it’s important for young people and newcomers to Canada to build up their credit. You can establish your credit with a credit card issued by a financial institution. In order to have a strong credit rating, you’ll need to fully pay off your credit card immediately after every purchase or before the payment is due.
Don’t panic if your credit has taken a hit in the past—you can still fix it. You can meet with a financial advisor to evaluate your credit behaviour and make better decisions going forward. Then you can take what you learn and start improving your credit.
So to sum up: Entrepôt Auto Durocher can help you boost your credit score by issuing a car loan with reasonable monthly payments that you can pay on time.
How Do You Price Your Vehicles?
There are many criteria to consider when pricing a used car, starting with the make, model and year. What makes a difference between different cars of the same model is the version. Each version comes outfitted with a range of specifically made equipment, which is why many similar vehicles have different prices. Different versions will offer various luxury features, like sound systems, heated seats, cloth vs. leather seats, power seats, heated steering wheel, driving assistance and much more.
We also consider the vehicle’s history, meaning the general condition of the body, mileage and engine/parts wear and tear.
In short, we set prices based on:
- Make (manufacturer), e.g., Honda
- Model, e.g., Civic
- Version, e.g., LX
- Style, e.g., Sedan
- And features added at the time of purchase
We use this information to determine the initial list price. This starting price is based on:
- Age (year of manufacture)
- Total mileage
- General condition
- Vehicle’s accident history
This is when our appraisal experts go over the vehicle. They note the general condition of the body and inspect the engine and all electronic and mechanical parts.
We use this information to set a price that we compare to the market. This is where we stand out from our competitors.
At Entrepôt Auto Durocher, we take this vehicle information and then use the power of artificial intelligence and algorithms to calculate the lowest price on the market. The algorithm compares the different prices across all types of automotive markets.
That’s how we give our customers the best value.
Our methods have even been recognized by our peers. In both 2020 and 2021, we won “Meilleur prix AutoHebdo.”
When Can I Actually Get My New Vehicle?
At Entrepôt Auto Durocher, you can pick your car and drive off in it the same day.
You can find exactly what you’re looking for in just a few quick and easy steps. Our team and our services are perfectly suited to meet your needs.
To avoid wasting time, our financing department will work with you to determine how big of an auto loan you can get.
Our automotive experts will then help you choose from among the 300 vehicles in stock to find the one that’s right for you. You can give them an idea of your tastes, how much space and cargo capacity you need and how you’ll be using the vehicle. Since all our vehicles are inside, you can sit in any vehicle you like to get a feel for it, and then take it for a test drive before you make your final decision. You can try many different vehicles to decide which one is right for you.
Once you’ve made your choice, you just have to sign some paperwork to make it official.
At Entrepôt Auto Durocher, all our services are under one roof and our large inventory of vehicles are already inspected and ready to go. That means you can buy your new car and take it home in no time.
To recap, here are the steps:
- Get financing in just 5 minutes
- Discuss your needs with one of our advisors
- Choose your vehicle from among the more than 300 in stock
- Take it for a test drive
- Complete your purchase with one of our financing advisors
- Take the keys and hit the road
At Entrepôt Auto Durocher, we offer all these services under one roof.
That means the same day (or the next one at the latest!) you can drive off in your dream car.
Will used vehicle prices go down in 2022?
You are no doubt aware that markets across all sectors have been turned upside down since the start of the pandemic. Supply chains have been disrupted by factory shutdowns, meaning less available supply.
The automotive industry is no exception. Smaller new vehicle inventories and the unpredictability of a market correction has led to higher used vehicle prices.
The pandemic has kept us in a state of uncertainty for the past two years, and now the war in Ukraine and high inflation spurred by economic recovery have made it impossible to predict what’s in store for the automotive industry. Experts can’t agree and don’t dare predict what’s next— there are just too many unknowns. Some think that prices will stabilize and maybe even dip over the course of 2022, but that’s as far as anyone is willing to bet.
At Entrepôt Auto Durocher, our customers are our top priority. Despite the many factors beyond our control, we work hard to offer a wide selection of vehicles at the best possible price, thanks to our market analysis approach to pricing.
We harness the power of AI to calculate the lowest price on the market. We make sure that you get the best value for your money. Our approach has earned us recognition amongst our peers: We won AutoTrader.ca’s Best Priced Dealer award in 2020 and 2021.
Can I return a used vehicle after buying it?
At Entrepôt Auto Durocher, all of our vehicles are inspected when they arrival at our warehouse. Our certified technicians perform a 75-point inspection to provide you with a complete overview of your vehicle and to ensure that your car is in good condition. You’ll be able to drive off the lot with peace of mind. Despite our best efforts, sometimes a car has a hidden issue that’s difficult to detect during the inspection. If this happens, we’re here to help and to find a solution.
We understand that buying a vehicle can be scary. That’s why we offer a comprehensive warranty on all our vehicles, in addition to our 75-point inspection. This can entail transferring a manufacturer’s warranty that’s still in effect, or setting you up with our basic warranty. We also sell extended warranty coverage for up to 60 months or 180,000 km.
Our basic warranty varies depending on the age and mileage of the vehicle. Our extended warranty offers you protection from 12 months and up to 60 months, with mileage limits anywhere from 5,000 to 180,000 km.
Whatever your needs, Entrepôt Auto Durocher is ready to help you find an inspected vehicle that’s in good condition, so that you can drive away with peace of mind.
Everything you Need to Know About Selling your Vehicle
Do you take trade-ins?
Can you buy my vehicle?
Can I get an online evaluation?
How can I book an appointment with an appraiser and get an offer?
What happens to the vehicles purchased by Entrepôt Auto Durocher?
How is Entrepôt Auto Durocher different from other dealers?
Is my offer negotiable?
Does my vehicle’s mechanical condition affect the amount of my offer?
What factors influence the price of my offer?
I’m Looking for a New Car—Can You Help Me?
Of course! Our staff includes both financing experts who can tell you exactly how much you qualify for, and a team of experienced automotive representatives who can help you choose the perfect car from our vast inventory of 300+ vehicles.
We need to gather some more details on your lifestyle in order to give you the best possible advice. For example, how do you intend to use your vehicle? If you are commuting long distances, we would recommend a fuel-efficient car. If you’re looking for cargo space, we can show you which trucks we have available. Need a vehicle that will fit your big happy family? Then you’ll want to check out our SUVs and minivans.
The representatives at Entrepôt Auto Durocher are on hand to tell you everything you need to know about our different models. They can answer all your questions on:
- Fuel consumption
- Safety features
- Luxury options
- Driving experience
- Maintenance and insurance costs
- And anything else that you think is relevant.
You can then compare different vehicles before making your choice.
Contact our expert staff today! They’re here for you!
We’re happy to help!