Frequently Asked Questions

Why finance with Go Auto?

The Go Auto finance process is fast, competitive, and features offers tailored for specific customer needs.

How does financing with Go Auto work?

The finance process at Go Auto is simple: select a vehicle that meets your needs, submit a credit application with the help of a sales consultant, and, if approved, decide which finance offer suits you best.

Who are the Go Auto financing companies?

Go Auto offers financing through our in-house finance company, Go Auto Finance, and other world-class financial institutions with customized offers tailored specifically to Go Auto customers.

Our extensive list of lending institutions includes:

Can I apply for credit online?

You can apply for financing online at GoAuto.ca or at any one of our dealership websites. Request financing information by clicking the link found on any vehicle listing, fill out an application form on one of our finance pages, or simply call a representative at any Go Auto dealership.

How are auto finance decisions made?

Financial institutions typically take four major factors into account:

1. Down Payment
2. Vehicle specifics (model, style, age, mileage, and cost)
3. Application information such as income, time at current job, and time at residence
4. Credit history

What does your credit score mean?

Your credit score is designed to help financial institutions predict the risk associated with your purchase of a car, house, credit card, etc. Essentially, it's meant to forecast how (and if) you will pay your bills.

The higher your credit score, the greater your chance of receiving a better financing offer from Go Auto. Four contributors to your credit score are:

1. Timeliness of previous and current payments
2. The length of your credit history
3. The type and amount of your debts
4. Your public records

How can I find out more about my credit history?

The major credit-reporting agencies below can provide you with information about your credit history. Both can provide you with a copy of your credit report, which includes your credit score. Contact them via the Internet or call toll free:

I have excellent credit, what can Go Auto do for me?

We offer you highly competitive terms, reduced time and effort, and a transparent transaction.

I have had past credit problems, what can Go Auto do for me?

Our finance sources provide offers to accommodate most credit profiles. Even with past problems, you will still get the credit you need, the car you want, and respect you deserve as a Go Auto customer.

Can I qualify for financing if this is my first vehicle purchase?

Many Go Auto customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.

What finance rate can I get?

Your past credit history, the type of car you're buying, your down payment, and overall market conditions will all affect the finance rate for which you can qualify.

We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go Auto dealership.

What factors impact monthly payment?

Down payment, the amount financed, term (length of contract), and annual percentage rate (the yearly cost of a loan) all affect the monthly payment.

How much should I budget for my car payment?

The rule of thumb from most financial institutions is to spend no more than 15% of your gross monthly income on your car payment. For example, if you make $2,000 a month you should spend no more than $300 on your car payment.

What documents should I bring?

All buyers should bring a valid government-issued drivers license, a current pay stub, and a void cheque. Because different financing companies may require additional documentation, you may want to contact a Sales Consultant for a complete list of what you'll need to buy a car from Go Auto.

If you also intend to sell a vehicle to Go Auto, please contact a Sales Consultant for a complete list of what you'll need.