0% car financing has become a success in the auto loans industry in Canada. In fact, this form of financing has been copied by the credit card and furniture industries, as well. Research according to the National Automobile Dealers indicates that only one third of borrowers qualify for this form of financing. Generally speaking the borrower must have a perfect credit score to qualify. Therefore, these borrowers in most cases overpay without bothering to negotiate. They assume that they have received the best deal.
The 0% financing is often considered one of the best auto loan rates in the car loan industry. This form of financing is followed by the clause “or $10,000 cash back”. This means that you opt to lose $10,000 cash when you sign up for 0% car financing, which equals the borrower’s actual cost.
Securing 0% Financing
The best method to secure an auto loan under 0% financing is to fill out a loan application at My Car Loan Online. Our credit application poses no hassle and is easy to complete. This process is for the borrower, whether they have a good credit, bad credit or no credit score. We will direct you to our network of lenders who will guarantee at securing the best terms and rates available. Without spending your time researching, you can spend it on searching for your dream car with My Car Loan Online.