financing
financing

Traditional Car Financing vs. Alternative Financing

You’re looking to buy a new or used vehicle, but you know that your current or past credit rating may catch up with you when you meet with the auto financing agent to finalize the transaction.

L’Ami Auto Crédit, with its dedicated team, has been specializing in car financing for many years and has a simple solution to make your life easier.

Traditional Car Financing or Alternative Financing

First of all, the simplicity of self-financing means that you get your loan right away for the purchase of your next new or pre-owned vehicle. If you opt for the traditional financing option, be aware that it can take several days before you get an either positive or negative response from the bank. In addition, you’ll need to submit a balance sheet to your account manager to prove your creditworthiness in addition to other documents.

Alternative financing or home financing is a solution with much more flexible criteria, and it is faster than going through a financial institution. Alternative auto financing emerged in the global financial crisis in 2008. New players are now offering you alternative solutions to obtain your new or used vehicle. This system has proven its merits and has carved out its place in Quebec and Canada.

In short, L’Ami Auto Crédit has developed expertise for in-house financing and allows you to obtain your car loan on the spot. Thanks to its dedicated team, the experts at L’Ami Auto Crédit will take the time to listen to you and offer you attractive and flexible financing solutions.

Traditional financing closes doors because the banks are too cautious to accept you, but that’s not the point. L’Ami Auto Crédit’s advisors offer you the 2nd and 3rd chance at credit.

Even if you have experienced financial difficulties, if you have been late with your payments or are in a state of crisis, the alternative financing offered to you by L’Ami Auto Crédit will allow you to leave with the vehicle that suits your needs.

Since we have been in business for many years, we’ve established strong partnerships with financial institutions. This allows us to offer you advantageous financing solutions, low interest rates and payment flexibility for your new or used vehicle.

In order to offer such conditions, we discuss with each of our customers, take the time to listen to them and establish their needs, present them with the options available to them, discuss their ability to pay and guide them in their final choice. Since we are able to provide advantageous and flexible automobile loans, we are also able to guarantee your purchase price, interest rate and the conditions of your contract.

Alternative financing, if it is well defined beforehand, allows you to validate your financial information only once. It does not affect your credit score; on the contrary, it allows you to commit to improving your credit rating or consolidating your assets. A car loan at L’Ami Auto Crédit not only ensures that you’ll be 100% accepted, but it is also—and above all—establishes a relationship of trust with your dealer.

L’Ami Auto Crédit: Total Confidence!

Alternative second and third chance credit financing allows you to find the vehicle of your dreams and benefit from the best rates and advantageous conditions in town. L’Ami Auto Crédit is well prepared to answer all your requests and is a leader in its field.

Take the time to choose your next vehicle and receive the help you need at L’Ami Auto Crédit; it has never been easier to hit the road!

learn more
Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Payment History and Car Loan: A Happy Marriage!

There are several factors that can speed up the processing of your car loan application. Among these, the payment history is undoubtedly an important element since it shows your capacity to pay regularly and gives confidence to your lenders.

Yes, I Can Get a Car Loan on a Low Income!

The key with this type of financing is not to go overboard, meaning it is better to borrow for a smaller vehicle and be able to make your regular payments than overspend and increase your monthly payments. Financial institutions look at the amount borrowed, but what also counts is the regularity of your payments, especially when it comes to regaining the favour of lenders following financial difficulties.

Telefinancing for your car loan online

Over the past year, a large part of many people’s daily lives has become virtual, between telecommuting, distance learning and more frequent online shopping. The L’Ami Junior group has been proactive in setting up a brand new 100% virtual car buying experience, the e-commerce. It allows you to do all the research, the choice of a car and its purchase online, including the choice of a financing plan.

Scroll to Top