Have a question? We have answers!
Our office is located in Saskatoon, Saskatchewan. With our select network of dealerships across the province, it is more than likely that we have partners located near you.
Creditmaxx works to connect you with a dealer from our select dealership network. The dealership we connect you with, will best be able to meet your needs based on your location, your budget, and the type of vehicle you wish to buy. Once you have completed the application and we have connected you with the best dealership from our network, you can view their inventory and pick a vehicle that you want.
Yes it can. A vehicle loan is an excellent way to either build or rebuild your credit. As you continue to repay your loan on time, you will show that you have put your credit problems behind you. By keeping a good relationship with your vehicle lender, you will help to show other lenders that you are a good credit risk. If you want to learn more, read here.
We can help you get all types of vehicles, from cars and trucks to SUVs or minivans. Since our selected dealership network includes many dealers from across the province, we do not have a single inventory to direct you to. However, once you do apply, our dealership partner will help show you which options are available to you.
At Creditmaxx, we understand that many vehicle purchasers do not fit conventional lender criteria. While we want to remain as flexible as possible, there are certain minimum requirements a customer must meet in order to be approved and achieve the most competitive rate possible based the customer’s information:
- Employment requirements
Creditmaxx’s minimum employment requirements are three months on the job. Exceptions to this can be made when the customer is taking a new job in the same (or similar) are of employment, and/or the customer was at the previous job for at least one year.
Customers must be able to meet their loan repayment requirements. CreditMaxx will calculate a debt service ratio that takes into account a customer’s total monthly payments. This includes the vehicle payment, rent/mortgage payments, and any other payments or liabilities the customer may have. In addition to this, the customer must have a minimum gross income of $1,800 per month.
Creditmaxx has been able to help many people in a variety of special circumstances purchase a newer vehicle. In fact, it’s what we specialize in! In addition to your ability to repay the loan, Creditmaxx looks at your recent credit history, your employment, and your residency stability. We can register a lien/security interest against your vehicle with the credit bureau. This gives you an opportunity to earn back your credit rating.
We will locate a partner dealership in our network that will be able to calculate your approval options. Our partner dealer will call you to discuss the options available to you based on the information you have provided. Then, you can decide whether you’d like to purchase your new vehicle.
Creditmaxx helps people in all situations, even those on income assistance. While the chances of you finding an approval can be a bit more limited, we will work hard to provide you with more options.
Depending upon the year of the vehicle you are purchasing (or the “age” of the vehicle”), your down payment be as low as $0 down. If your down payment is more than $0, any combination of cash (minimum of $500) or a trade-in may be used to pay your down payment.
You can apply through our online application form, or by calling us at 1-306-931-6190 to speak directly to one of our car loan specialists. While our office hours are 8:30AM – 5:30PM, Monday To Friday you can leave a message and we will get back to you as soon as we can. If you have any questions during any part of the application process, our experienced specialists are happy to help.
In addition to providing standard credit information, Creditmaxx will complete an employment and income verification. Once the final loan documents are signed, you will also need to provide residency verification which can be completed by submitting a copy of your telephone or utility statement.
Yes, a credit check is a necessary part of the requirements to get approved for your auto loan.
You can expect to hear from us within 1 business day of submitting your application.
No, you don’t have to buy a vehicle if you applied, whether it is online or by telephone. Our dealership partner will contact you only to let you know of what your options are, should you wish to purchase a vehicle. Once you know your options, you can decide whether you would like to purchase a vehicle or not.