Auto Financing Made Easy. Get Pre-Approved Online.
- Apply in seconds
- We'll finance you if the banks won't
- We'll re-finance you if your rate is too high
The Go Auto financing process
We help you find
a vehicle you love
Once you fill out the form above, our 24/7 team of personal shoppers will search far and wide for the exact vehicle you want, right down to specific features.
Get pre-approved
online
Now that you've decided on a vehicle, we can get you pre-approved for it without having to bring you into a dealership. Get approved in your pj's!
Low/no credit?
No worries
We work with more than a dozen banks to secure the auto financing you need. But even if they deny you, Go Auto can still finance you—with our own money.
Pick your
payment
Once you've been approved (either by a bank or Go Auto) we work with you to choose a payment that fits both your lifestyle and your budget.
How we've approved more than 300,000 people
Bad credit car loans
If you’re having challenges getting approved, don’t worry. Go Auto has solutions for nearly every credit situation. Our financing tools and credit specialists will help you get back behind the wheel with affordable auto loans that make sense for you.
We approve when the banks don't
Thanks to our success, we have created our own finance company, Go Finance. So, if we can't find a bank to approve you for an auto loan, we can finance your loan ourselves. This means we approve more people than anyone else.
Re-finance your bad loan
Unlike our competitors, we can lower the interest rate on your vehicle over time as long as you're making regular payments. With Go Auto, you're not stuck with a rate you can't afford. To get started, fill out the form above.
Our extensive list of lending institutions includes
Alberta Treasury Branch
Bank of Montreal
Bank West
Chrysler Financial
Carfinco
Dominion Leasing
Financiallinx
First Calgary Savings
Ford Credit
Go Finance
Royal Bank
Scotia Bank
Scotia Dealer Advantage
Sevus Credit Union
TD Canada Trust
VFC
WS Leasing
Our car loan specialties
First time buyers
Go Auto owns and operates dealerships for 21 new-vehicle brands, and we work with more than a dozen lenders. We have lots of financing options for first time car buyers.
No credit
Buying a new car is a great way to establish a credit score, and Go Auto can help you get credit the first time. Stop waiting and get on the road.
Low credit
Our resources allow us to accommodate most credit profiles. Even with past problems, you will still get the credit you need and the car you want.
High current loans
If you have a car loan already, and you think you're paying too much, Go Auto can buy out your loan and get you a better finance rate and lower payment.
Estimate your car payments
Finance VS Leasing: Which is better?
What are your goals? We all have different priorities—in cars, life, and finances. When deciding on leasing vs. financing, what's right for one person can be totally wrong for another.
Generally, leasing offers lower monthly payments than financing, as well as the benefit of owning a new car every two or three years. However, financing offers its own set of advantages.
Luckily, we have a team of finance experts who are happy to help you find the best option for you. Call 780-777-7777 or any Go Auto dealership to book a free consultation.
Is leasing better for me?
You Want
To drive a new car every two or three years
Lower monthly payments
The latest safety features and a car always under warranty
You Don't Mind
Trading in or selling used cars privately
Building ownership equity
You Have
A stable, predictable lifestyle
An average number of miles to drive
No problem properly maintaining your car
If this sounds like you, then leasing may be the best option for your needs
Is financing better for me?
You Want
To build up trade-in or resale value (equity)
Complete ownership of your car
The feeling of being payment-free after paying off your loan
The freedom to customize your car
To drive your car for a long time
You Don't Mind
Unexpected repair costs after your warranty has expired
Higher monthly payments
You Have
To drive more-than-average miles
Possible lifestyle changes in the near future
If you prefer to own your vehicle outright, and plan to own for the long-term, then financing will be your best option
Finance VS Leasing: Cost Comparison
For the same car, same price, same term, and same down payment, monthly lease payments will always be 30%-60% lower than loan payments. This is still true even when compared to 0% or low-interest loans.
The medium-term cost of leasing is about the same as the cost of financing, assuming the buyer sells or trades his or her vehicle at loan-end, and the leaser returns his or her vehicle at lease-end.
Some comparisons sometimes show that financing can cost a little less than leasing due to fewer fees, lower total finance costs, and the assumption that a purchased vehicle will return full market value if it is sold or traded at the end of the loan. However, when the benefits of wisely investing monthly lease savings are considered, the net cost of leasing can be less than financing.
The long-term cost of leasing is always more than the cost of financing, assuming the buyer keeps his vehicle after loan-end. If a buyer keeps his car after the loan has been paid off, and drives it for many more years, the cost is spread over a longer term. That means the cost of buying one car and driving it for ten years is less expensive than leasing or buying four or five different cars over the same period.
If long-term financial cost savings were the most important objective in acquiring a new car, it would always be best to buy the car and drive it for as long as it survives, or until the cost of maintenance and repairs begins to exceed the cost of replacing it. However, many automotive consumers have other more immediate objectives that are more important than long-term cost savings.
Frequently Asked Questions
What Should I Bring to My Finance Appointment?
You should bring:
- A valid government-issued driver’s license
- Your last paystub
- A void cheque
Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you’ll need to buy or trade in a vehicle with Go Auto, call the dealership ahead of time and speak with a Sales Consultant.
Will I be approved for a car loan?
Four main factors determine whether you get approved for a car loan:
- The Vehicle You’re Buying: cost, age, and mileage
- Customer Information: employment history, residence, and income
- Customer Credit History: your credit score, debts, past payment history, etc.
- Down Payment: includes cash down payment and trade-in equity
For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.
How are my car payments calculated?
Once you’re approved for a car loan, three factors will affect your monthly payment (in order of importance):
- Amount financed
- Term or length of contract
- Annual Percentage Rate (APR)
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.
How do I budget for car payments?
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 is my credit score?
Your credit score helps 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.
How is my credit score calculated?
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including:
- The timeliness of your payments, including late payments
- The amount and type of debt you have
- The number and age of your credit accounts
- Inquiries created by applying for credit
- Public records such as liens and judgments
Should I finance or lease?
Do you prefer to drive a new vehicle every few years that will always be under warranty? That's one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing.
There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call 780-777-7777 or any Go Auto dealership to schedule a free consultation.
Click here for a full rundown on financing vs leasing.
Can I qualify for financing on my first vehicle?
Of course. 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.