Live Wire Reporter

Today, Car Loans Bank have announced their services to the wider market

Today, Car Loans Bank have announced their services to the wider market

CEO of Car Loans Bank explains why he set up the company:

“We wanted to combat the majority of banks that are set up to only help people with good credit, and most dealerships will not have access to the specific financing programs that they need. We specifically set out to ensure that the finance partners that we work with have departments that specialize in helping people with bad credit.”

This comes after the recent news that the average amount financed and the average monthly payment for a new vehicle is currently breaking records in Canada as more and more people are opting to finance their car through a car loans service.

25th April, 2017 – Toronto, Canada – In order to stay within their budget goals, statistics state that more consumers — even those within the prime and super-prime risk categories — are turning to leasing and used vehicles as cost-effective alternatives to buying new. Yet there isn’t a range of car loans providers or brokers willing to accept customers with a poor credit history.

Car Loans Bank is helping thousands of customers to get behind the wheel with a range of car loan options helping them to pay as little interest as possible on auto loans making bad car loans a thing of the past.

Car Loans Bank offer a speedy application process – claiming it takes just two minutes online – and they promise to accept 99% of all applicants, by having access to a large panel of lenders who can normally obtain credit for all circumstances. If a potential customer’s credit score is less than perfect, or even if they’ve been bankrupt, Car Loans Bank offers many lenders who specialize in all kinds of bad credit car loans.

Car Loans Bank works with 15 lenders and over 300 loan products allowing them to offer highly competitive car loan rates to all applicants looking for the opportunity to own their dream car. To make the process as easy as possible, Car Loans Bank even host a transparent car loan calculator, car lease calculator and budget calculator on their site so customers know exactly what they’re getting and can be fully in control of their payment plan.

Camille from Quebec, a Car Loans Bank customer explains:

“A lot of mainstream lenders had turned me down for car financing because my credit rating wasn’t great. Car Loans Bank looked past that and offered me a fantastic deal.”

Car Loans Bank’s minimum requirements are simply that you are an adult in the province that you live in, and that you live in Canada permanently. Other than that, they are happy to accept applications from people in all types of financial circumstances.

About Car Loans Bank:

Car Loans Bank are based in Toronto, Canada. Founded in 2011, they are a leading vehicle finance provider in British Columbia, specialising in bad credit car loans with a view to making car finance available to more customers no matter their situation.

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Media Contact
Company Name: Car Loans Bank
Contact Person: Shama Craig
Email: Send Email
Phone: +1 (855) 261-9884
Address:1120 Finch Avenue West, Suite 701-1622
City: Toronto
State: Ontario
Country: Canada
Website: https://carloansbank.com/