Common Questions

Learn about car loan eligibility, interest rates, terms, and repayments.

Before You Apply

You must be at least 18 years old, with income of at least $1,500 per month before taxes.

You will also need to provide the following information:

Employment or income

Driver’s license

Bank account

Current address

Down payment

We only collect the absolute essential info that our lending partners need to determine which loans you qualify for. This includes some details about your vehicle preferences and credit situation.

Your privacy is our top priority, so we utilize the same type of security measures that major banks use.

We are your single point of contact throughout the entire auto loan process, so you won’t be receiving unexpected phone calls from random dealerships. This happens with some other auto loan providers because they actually sell your personal info to a number of different dealers in your area.

Absolutely nothing. There are no hidden fees or anything like that.

Every quote is completely free with zero obligations to you. If you don’t like the quotes, you are free to walk away.

Yes, we can still help!

Many of our clients have already been turned down by certain lenders.

If that happens to you, then we will lend our own money with payment terms that will help you build your credit score.

That’s why we called ourselves Guaranteed Auto Approvals. We’re one of the few companies who lend our own money if the main lenders say “no”.

The first step is online pre-approval which takes just 2 minutes. You can also call us for this.

Then we get to work finding your best rates. Most lenders take a couple of hours to make a decision. They’ll look at you financial numbers, and we’ll make sure that they understand your unique situation.

However, we respectfully ask you to give us 24 hours to get back to you so that we can do a more complete job of seeking out every lending option for you, including in-house financing.

Your patience can save you a lot of money in the long run, and our process is still much faster than going to each bank individually and doing the legwork yourself.

About the Vehicles

Cars, trucks, vans and SUVs. All makes and models, 2014 and newer.

We have connections with all major vehicle wholesalers across Western Canada, and we also have our own major lot with a constantly changing inventory.

We will find the right vehicle with the features you need. And you are more than welcome to shop our prices around.

Cars, trucks, vans and SUVs. All makes and models, 2014 and newer.

About The Loans

Lenders will offer you different approval terms depending on:
Your credit situation
Whether or not you have a down payment
Your monthly income & job stability
We will do the legwork and find your best offers so that you can drive the right vehicle at the right price.

Your exact rates offers will depend on the following factors:

Age of vehicle:
Rates start at 4.99% for used and 0% for new.

Trade-in or down payment:
Optional, but they can help lower your rates.

Monthly income vs. debt:
How much you earn compared to your current bills.

Length of loan:
Longer loans have lower payments but higher rates.

Credit score:
How you have managed your loans in the past.

No, a down payment is not required.

However, it’s not a bad idea if you have one. It will make your loan cheaper in the long run by reducing your interest rate and monthly payments.

Putting money down basically makes the lenders a bit more confident about extending a loan offer to you.

We have built strong connections with all 8 major lenders in western Canada:
Scotiabank
FinancialLinx
CIBC
Ally
Servus Credit Union
Carfinco
TD Financing
Bank of Montreal
Our long-term relationships with these lenders means that we can often get you a better rate than if you applied directly yourself. They give us interest rate breaks because we send them large numbers of clients.

Rest assured we will always find you the best possible financing terms for your credit situation. That is our specialty.

We are also one of the original in-house financing experts in Western Canada. This means that we can get you approved no matter what, even if they banks say no.

Your monthly payments will be calculated based on the size of the loan, the interest rate, and the length of the term.

Your monthly payment generally decreases if you opt for a longer loan term. But a longer term means you will pay more interest.

For example, here are various monthly payment amounts for a $10,000 vehicle at 8% interest:

48 month loan term: $244 monthly payment

60 month loan term: $203 monthly payment

72 month loan term: $175 monthly payment

About Guaranteed Auto

Our head office is located in Edmonton, Alberta, but we help clients across Western Canada.

We have the ability to ship a vehicle right to your door at no additional cost.

In one word: patience. We understand how frustrating it can be when you are looking for auto loan advice, but every loan provider wants to rush you into purchasing.

You are always in control, and we want to take the time to understand your needs before recommending a particular solution.

And we also don’t try to distract you with gimmicks like free vacations. At the end of the day it’s about getting the best deal on your next vehicle. You can always take a vacation with the money you save 🙂