Finding the right financing for a Chevrolet in Ontario can feel like searching for a needle in a haystack. With so many options, rates, and terms to juggle, it’s easy to feel overwhelmed.
But here’s the good news—limited-time finance offers are available on approved credit on select new 2020 Chevrolet vehicles.
At True North Chevrolet Cadillac, we’re committed to making your car-buying journey as smooth as silk. Our team of automotive pros breaks down car financing into bite-sized pieces—whether you’re eyeing auto loans or curious about leasing versus buying.
Plus, with exclusive deals just for our customers, getting behind the wheel of your dream Chevy has never been easier or more affordable.
Ready to rev up?
Key Takeaways
You could get 0% financing on select Chevrolet models on approved credit at True North Chevrolet Cadillac until July 30. This deal makes it easier to own a Chevy without paying extra in interest.
True North offers special discounts for students, recent grads, and new Canadians, including a $500 bonus for eligible vehicles and a $1,000 welcome bonus for permanent residents and temporary workers.
Checking your credit score is important when looking for the best car finance deal. Even if your score isn’t high, you might still get approved for financing at True North Chevrolet Cadillac.
There are many auto loan options available, like secured and unsecured loans, direct financing, military auto loans, buy-here-pay-here loans, and indirect financing; choosing the right one depends on your needs.
True North helps you decide whether leasing or buying is better by explaining things clearly. Leasing gives lower monthly payments, but no ownership, while buying leads to owning the car outright after payments.
Understanding Car Financing Options in Ontario
Car financing in Ontario can seem like a maze, but our team at True North Chevrolet Cadillac is here to guide you through it. From deciding between leasing and buying to understanding the nitty-gritty of auto loans, we have all the information you need to make an informed decision.
Types of Auto Loans
Choosing the right auto loan is crucial for a smooth car-buying experience. At True North Chevrolet Cadillac, we guide our customers through their options to find the best fit. Here’s a detailed look at the types of auto loans available:
Secured Auto Loans:
Your vehicle serves as collateral.
Lenders offer lower interest rates.
If you default, the lender can take your car.
Unsecured Auto Loans:
No collateral is needed.
Higher interest rates compared to secured loans.
Based on credit score and history.
Direct Financing:
You borrow money directly from a financial institution.
You know your interest rate before buying.
Deals are based on your credit report and annual percentage rate (APR).
Indirect Financing:
Arranged by the dealership, like us at True North Chevrolet Cadillac.
We might offer special discounts for recent grads or new Canadians.
Approval depends on credit scores and lending criteria.
Military Auto Loans:
For military personnel with proof of service.
Often come with lower rates and flexible terms.
Buy-Here-Pay-Here Loans:
Offered by dealers willing to finance vehicles directly.
Ideal for buyers with poor credit histories but expect higher interest rates.
Title Loans:
Short-term, high-interest loans requiring your car’s title as collateral.
Not recommended due to the risk of losing your vehicle.
Our team at True North Chevrolet Cadillac in North Bay, Ontario helps every customer understand these options. Whether it’s a Chevrolet or Cadillac you’re interested in, we’re here to ensure financing your next vehicle is exciting and confidence-inspiring—all on approved credit or for qualified customers, of course!
Leasing vs. Financing vs. Buying
Deciding between leasing, financing, or buying your next Chevrolet is a big decision. Each choice has its own advantages and specifics that cater to different driver needs. At True North Chevrolet Cadillac, we’re here to help you understand these options, making your vehicle acquisition journey smoother and more confident.
Leasing | Financing | Buying | |
Monthly Payments | Lower, but you’re paying for vehicle use | Higher, as you’re paying off the vehicle’s full price | None after purchase |
Ownership | No. The dealership owns the vehicle | Yes, after loan is paid off | Yes, immediate full ownership |
Mileage Restrictions | Yes, fees if over limit | No restrictions | No restrictions |
Upfront Costs | First monthly payment, acquisition fee, down payment, security deposit | Down payment, taxes, registration, and other fees | Total vehicle cost, taxes, registration, and other fees |
Ability to Sell | No | Yes, any time | Yes, but value depreciates over time |
APR Offers | Varies | 0% APR offers for up to 72 months on new models | N/A |
When you lease, you enjoy lower monthly payments but without the benefits of ownership. This option is perfect for those who enjoy driving a new vehicle every few years and want to avoid the hassle of selling a used car later.
Financing, on the other hand, might have higher monthly payments, but it leads to ownership. It’s a great choice if you’re looking to build equity and keep your vehicle long-term. Plus, with financing deals often including 0% APR offers for new models up to 72 months, it’s an attractive option for many buyers.
Buying outright means no monthly payments after the purchase and immediate full ownership. This is ideal for those who prefer to own their vehicles outright and can afford the upfront costs.
At True North Chevrolet Cadillac, we understand that every driver has unique needs. That’s why we offer exclusive deals, limited-time 0% financing options, and special discounts for recent grads and new Canadians.
Our team of automotive professionals is here to guide you through the process, ensuring you get behind the wheel of a Chevrolet or Cadillac with terms that suit your lifestyle.
Whether you’re leasing, financing, or buying, rest assured all our offers are subject to approved credit for qualified customers. Explore your options with us today.
Chevrolet Special Financing Offers
Chevrolet rolls out unique financing options that set you on the right path to owning your dream car. From special pricing for everyone to programs benefiting students and individuals needing mobility support, we’ve got deals just for you.
My team at True North Chevrolet Cadillac is excited to guide you through these opportunities, ensuring you find a perfect match for your needs -- all, of course, based on approved credit.
Preferred Pricing Program
Our team at True North Chevrolet Cadillac is thrilled to offer the Preferred Pricing Program, a fantastic way for employees of partner companies to save on their next vehicle purchase.
This program grants access to exclusive pricing when you buy, lease, or finance eligible Chevrolet and Cadillac models. It’s our way of connecting more drivers in Ontario with the vehicles they love at prices that make sense.
Qualifying for this program could unlock significant savings on your dream car or truck. Imagine getting discounted rates on top-tier Chevy and Cadillac vehicles without the hassle of haggling over price.
Our finance experts are here to guide you through every step, ensuring you fully understand how to maximize these benefits. With special financing options available for those who qualify, driving away in a new or used car from our dealership has never been easier—or more affordable!
Student Bonus Program
The Student Bonus Program at True North Chevrolet Cadillac offers a big chance for students and recent grads to save on their next car. If you’ve graduated in the last four years or are currently enrolled, you’re in luck! You can get a $500 bonus towards buying, financing, or leasing an eligible Chevrolet.
Just bring proof of your eligibility. This deal makes it easier for you to afford a new ride without stretching your budget too thin.
Our team understands how important it is for students to find a reliable car that won’t break the bank. With this bonus, we aim to help ease the financial burden of purchasing your next vehicle.
Have all the necessary documents ready to take advantage of this offer and approach the Chevrolet lineup with confidence and excitement!
Mobility Program
Our team at True North Chevrolet Cadillac is proud to support the Mobility Program, designed for those who need a little extra help getting around. This initiative offers up to $1,000 in reimbursements for adapting your new Chevrolet, Buick, GMC, or Cadillac vehicle.
Whether you need special controls or wheelchair access, we’re here to make sure your car fits you perfectly.
To qualify, simply provide proof of disability and the adaptation costs. Our aim is to ensure everyone has the freedom of mobility without financial burden. Visit us in North Bay, Ontario—our experts are ready to guide you through every step of financing or leasing on approved credit.
We believe in making every drive enjoyable and accessible for all our customers.
Tips for Securing the Best Financing Deal
Getting the best financing deal for your Chevrolet means knowing a few insider tips. First, check your credit score--a higher number can unlock better rates from banks or dealerships.
Next, be clear about which Chevrolet model you want; whether it’s the rugged Colorado or the sleek Malibu, each has different pricing that affects your loan details. Have all necessary papers ready, like pay stubs and tax forms.
At True North Chevrolet Cadillac in North Bay, Ontario, our team is here to help you through every step. We make sure every customer understands their options and feels confident in their choice.
Special offers need approved credit, but we work hard to find the best match for everyone who walks through our doors.
Assessing Your Credit Score
Checking your credit score is a step you can’t skip when looking for the best financing deal on your new Chevrolet or Cadillac. Here at True North Chevrolet Cadillac, we see a range of scores come through our doors.
The average score for getting a new car loan was 715 back in 2019. Yet, it’s good to know that nearly one-fourth of auto loans went to buyers with scores below 600. This means even if your score isn’t top-notch, securing car finance could still be within reach.
Improving your credit involves showing lenders you’re good with money. Think about paying bills on time and reducing debt where possible. This could boost how financial institutions view your application -- making them more inclined to offer favourable terms.
It’s not all about the numbers; demonstrating responsible financial behaviour counts too. We work closely with banks and other lenders who appreciate customers taking steps for healthier finances before applying for a loan or lease agreement, whether it’s for an iconic F-150 Lightning or an efficient Equinox SUV—all available here at True North Chevrolet Cadillac in Ontario, where every deal is subject to approved credit.
Knowing the Make and Model
Choosing the right Chevrolet or Cadillac model is crucial. Each car or SUV has its unique features, trims, and pricing. Our team at True North Chevrolet Cadillac understands this well.
We guide our customers through our inventory to find a perfect fit for their needs and budget. Knowing the specific make and model you’re interested in helps us customize financing options that suit you best.
Getting your dream Chevrolet involves more than just picking a colour. It’s about understanding what each model offers in terms of performance, safety features, and technology. For instance, if you’re eyeing an electric vehicle (EV), GM Financial provides extra finance options customized for EV purchases.
This kind of knowledge makes financing smoother for both parties involved – it speeds up the process and ensures that we can offer you competitive rates and special discounts available only at True North Chevrolet Cadillac in Ontario.
Preparing Necessary Documentation
Gathering the right paperwork is key to a smooth financing process for your Chevrolet. Start with proof of income—this shows us you can keep up with payments. You’ll also need proof of residence; it helps in verifying your stability and location.
Don’t forget any other financial details that paint a complete picture of your situation. Our team at True North Chevrolet Cadillac values transparency, making sure every customer feels informed and confident.
Bringing these documents early on streamlines your loan application, whether it’s for a spry Spark or a durable Silverado. With all the necessary information at hand, we can work efficiently to find the best rates and terms just for you—all on approved credit, of course.
For those considering leasing, the same set applies—ensuring flexibility without hassle. At True North Chevrolet Cadillac, our aim is to get you behind the wheel and craft an experience marked by ease and trustworthiness.
Financing Your Chevrolet at True North Chevrolet Cadillac
At True North Chevrolet Cadillac, we offer unbeatable deals to make your car financing smooth and hassle-free. Our team works hard to provide offers like no other—think exclusive savings and 0% financing options that catch your eye.
Whether you’re a fresh graduate or new to Canada, we’ve got something special for you. Jump into the driver’s seat of a Chevrolet with confidence by choosing us for your financial needs.
Explore more and see how we turn car financing around for our customers!
Exclusive Offers
True North Chevrolet Cadillac prides itself on providing exclusive offers that make financing or leasing your next Chevrolet or Cadillac easier than ever. Our dealership stands out with employee-pricing deals and cash rebates, ensuring you get top-notch value when you choose a vehicle from us.
For those eyeing the latest models or even certified pre-owned vehicles, we’ve got promotional rates that are too good to miss.
We cater especially to recent grads and new Canadians by offering special discounts that acknowledge their unique needs as they settle into life in Ontario. With these limited-time 0% financing deals available on approved credit, driving away in a brand-new Chevrolet becomes more than just a dream—it’s an achievable goal for many of our customers.
Our team at True Ridge is here to guide you through every step, making sure you’re equipped with all the necessary information to make an informed decision about your vehicle financing options in Canada’s metric system landscape.
Limited-time 0% Financing Deals
Our team at True North Chevrolet Cadillac is excited to announce our limited-time 0% financing deals, available until July 31, 2024. This unbeatable offer allows you to drive away in your dream Chevrolet or Cadillac without the burden of interest payments.
Imagine financing $50,000 at a 0% Annual Percentage Rate (APR) with absolutely no down payment required on approved credit. These incredible terms are created to make your car buying experience as affordable and straightforward as possible.
Eligibility for this fantastic opportunity is determined by credit history and the specifications set forth by our financing partners. We understand that handling finances can be complex, but our goal is to provide options that help lower the cost of borrowing and accelerate the payoff process for everyone approved for credit.
At True DiNorth Chevrolet Cadillac, we commit ourselves to helping you find the best financial solution specifically for your needs while ensuring compliance with all Canadian regulations regarding loans and auto insurance.
Don’t miss out on this chance to own a piece of innovation without worrying about extra costs lining up down the road.
Special Discounts for Recent Grads and New Canadians
At True North Chevrolet Cadillac, we understand the excitement and the challenge of starting fresh, whether you’ve recently completed your studies or have just arrived in Canada.
That’s why we’re thrilled to offer special discounts for recent graduates and new Canadians. Our Welcome to Canada Program provides a warm welcome with a $1,000 bonus for permanent residents and temporary workers who are finding their footing in our beautiful country.
It’s our way of saying we’re glad you’re here, and we want to make your transition as smooth as possible.
For those who’ve hit the books hard and earned their degrees or diplomas, our Student Bonus Program is here to help you get behind the wheel with an extra $500 in your pocket. This initiative is designed to ease the stress students and recent grads face when beginning their careers.
Both programs require approved credit but are part of our commitment at True North Chevrolet Cadillac to make financing or leasing a vehicle more accessible for everyone. We believe that whether you’re building a life in Canada or stepping out into the world after graduation, having reliable transportation should be exciting—not stressful.
Conclusion
We’ve just explored some unbeatable ways to finance your Chevrolet in Ontario. From special financing offers like the Preferred Pricing and Student Bonus programs to valuable tips on securing the best deal - it’s all within reach.
Our team at True North Chevrolet Cadillac stands ready with exclusive offers, including 0% financing deals for a limited time and discounts for new grads and newcomers to Canada. Wondering how you can make these opportunities work for you?
It’s simple: start by checking your credit score, deciding on the vehicle that fits your life best, and gathering your paperwork.
Taking action could put you behind the wheel of a new or pre-owned Chevrolet with terms that suit your budget perfectly. Imagine driving away from our dealership in North Bay, confident that you have one of the best financing deals available.
Ready to find out more about how we can help make this happen? Visit us at True North Chevrolet Cadillac - where amazing deals come standard.
Our commitment is not just about selling cars; it’s about empowering our customers with knowledge and options that fit their lives. Let’s get started today. Your next great adventure begins with a Chevy financed by us!
FAQs
1. How can I finance a Chevrolet in Ontario?
Financing a Chevrolet in Ontario involves exploring options such as dealership financing, bank financing like Royal Bank of Canada or the Toronto-Dominion Bank, and subprime loans.
2. What’s involved in getting pre-approval for car loans?
Pre-approval requires a credit check from institutions such as TransUnion or your current bank. This provides an idea of the rate of interest you qualify for before heading to car dealers.
3. Are there any tips on negotiating with salespeople when financing my car?
Yes! Avoid upselling tactics often used for extended warranties and leases. Remember to negotiate based on the loaned amount instead of monthly payments, keeping focus on the manufacturer’s suggested retail price rather than depreciation rates.
4. Do I need specific documents to get my car financed?
Certainly! You’ll need your driver’s license, proof of income, and possibly recent transaction statements from current accounts. Also, consider having your credit bureau report handy, just in case.
5. Can technology help me find the best deals when looking at used cars?
Absolutely! Tools like Kelley Blue Book provide reliable info about used cars’ value, while innovations from companies like Apple Inc., offering apps for iPhone or iPad users, make it easier to compare prices and review seller reliability.
6. Is insurance included when I finance my Chevrolet through General Motors of Canada?
No – car insurance is separate from financing arrangements with General Motors or other lenders. It is important that you factor this into your budget planning.
About the Author:
Peter Schoen stands as a paragon in the automotive landscape as the Dealer Principal of True North Chevrolet Cadillac. With over a quarter-century of hands-on leadership, his influence has been instrumental in shaping the automotive retail domain, especially across North Bay and Sudbury. Bolstered by an impressive academic foundation that includes an HBA, CPA, and MBA, Peter has not only been successful in the business realm but has also garnered esteemed roles such as the Director for the GM Certified Service DMAB.
Beyond the business metrics and accolades, Peter is deeply passionate about the transformative nature of the automotive world and the potential it holds for the next generation. His commitment to mentorship and fostering innovation shines brightly, and his advice stands as a testament: "Seek out mentors, remain ever-curious, and when you truly love your craft, every day feels like a privilege rather than a chore." For a comprehensive understanding of the automotive universe, drawn from both experience and heart, delve into Peter Schoen’s insights.
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