FAQ - Go Auto Finance

Go Auto is the largest automotive network in Western Canada. We are made up of more than 40 locations, offering sales, service, finance, insurance, and collision repair. One of Go Auto’s primary goals is to provide the ultimate customer service experience, where all steps of the car-buying process can be accomplished under the same roof! This includes Go Finance.

Absolutely not. Our Credit Loan Application is a four-step, hassle free process that is free of charge. It takes less than five minutes and it won’t cost you a cent.

Your personal information is just that: Your own! We will keep everything you provide us 100% confidential. We will not share or sell your personal information to any third parties.

We understand that sometimes things happen that can affect your credit in a negative way. Every situation is unique and we believe in everyone’s right to a second chance. After all, most of us have experienced a difficult financial situation at least once in our lives. A bad credit score does not make you a bad person. We will do whatever we can to get you approved and on the road.

The process is different for everyone. If you have excellent credit, the process is fairly easy. All you need to do is fill out our basic credit application and you could be approved within a matter of seconds. After that, dealers could have you signing paperwork for your new vehicle that day!

If you have bad credit, the process can take a little bit longer. As well, if your credit application is challenged, you could be required to provide additional information, such as proof of employment and income, proof of residence, proof of past financial indiscretions settled, etc...

We'll only ask you a few simple questions during the process. By knowing where you live and a little bit about your financial history, we can help find the best possible fit for your specific financing needs. As well, by asking the right questions, we can determine where you will have the highest chance of being approved.

Most lenders don’t have the same resources that Go Auto does. In addition to our in-house finance company, Go Finance, we work with other world-class financial institutions to give our customers access the best possible financing rates and widest variety of options. After all, we are the largest automotive group in Canada, which means we have the ability to set our own rules. That way we can get our customers on the road as quickly as possible.

Yes. We report our loans monthly to the major credit rating suppliers in Canada, so your creditors know you have a car loan in good standing. If you make payments promptly and on time, an auto loan can help repair your credit.

As you would probably expect, more is always better. Some non-prime lenders will require a minimum of 5-10% of the purchase price in the form of a down payment.

Yes, provided you have sufficient credit.

Yes. In Alberta, most lenders require a minimum income of $1,850 per month, before taxes are deducted.

Rate is a direct reflection of your credit score. It can also be influenced by the amount of money you put down. Someone with established credit can expect to pay the lowest available rate, offered by either manufactures or by conventional banks. Established credit usually means you have had several credit cards, which you've made regular, timely payments on. It also means you have had no collections, judgments, foreclosures, bankruptcies or consumer proposals under bankruptcy.

The lower your credit rating is, the higher your interest rate will likely be. Since all lenders have different criteria, it's hard to accurately predict what credit score will correspond with what rate.

Example Of A Rate: What is 0% Financing?
Zero percent financing means exactly that: You pay zero interest on your car loan. To qualify for 0% financing, you need to have a great credit score.

With good credit, you can be approved in a matter of seconds. With poor credit, the process can be longer. Sometimes it can take several days to assess your options. It’s all about finding the best car loan, tailored to your specific needs, at a rate you can afford.