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You are currently in Chatham Ontario,
Auto Funds City Selection
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Auto Funds has assembled a network of lenders who offer Ontario vehicle
financing for all types of credit. With the combination of a strong relationship
with our lenders and car financing experts, with 10+ years of experience,
Auto Funds service and car financing rates are unmatched.
Auto Funds of Chatham Provides Car Financing for All Types of Credit
- Bad Credit
- Bankruptcy
- No Credit
- No Down Payment
- Past Repo
- Good Credit
Approved in 24 hours!
Auto Funds provides approved vehicle financing to all types of credit within
24hrs, but often the same day.
Fast, Easy Online Credit Application
Chatham car financing can be obtained without ever leaving the comfort of your
home. Auto Funds of Chatham offers an online credit application that is both fast and easy to complete.
Once completed, your application will be processed and matched with the
lender that is most qualified to approve the loan you have requested. Financing
is often approved within 24 hours.
Apply now and you could be well on you way to driving the car you want tomorrow.
Bad Credit Car Financing
Lenders that specialize in bad credit vehicle financing want to help you
qualify for the loan you want and will carefully look at your current situation.
If your income is less then the minimum requirement you may still qualify
by having a qualified co-applicant or cosigner.
Interest Rates
Interest rates on car financing in Chatham are based in part on the term
and the amount of the loan. Iinterest rates increase with longer terms.
This is due to vehicle depreciation. The fact that a car’s value depreciates
significantly over the first few years makes it much riskier for a lender
to recover the value of a long term loan in the case of default. Therefore
shorter term loans are low interest in comparison.
The long term financing and their accompanying high interest rates may
be the only option for borrowers with good credit but who cannot afford
the higher monthly payments that come with short term financing. On the
other hand, borrowers with poor credit and/or past bankruptcy will find
that interest rates offered to them will be higher. The risk factor on
such financing makes lenders want to recoup the loan amount as soon as
possible. Low interest car financing are usually not deemed appropriate
to such borrowers.Auto Funds works with various lenders to acquire and
negotiate the lowest interest rates for every client.
0% Car Financing
Zero percent financing on automobiles has become a very successful campaign
for automobile dealers, so successful it has been copied in other markets
such as the furniture and credit card industries. Research shows that only
a third of buyers who apply for 0% car financing actually qualify and only
10% of those close according to the National Automobile Dealers Association.
Generally speaking an applicant must have close to perfect credit to qualify.
Many of the qualified overpay for their cars not bothering to negotiate
the price. They mistakenly assume that they have already gotten the best
deal available. The 0% offer is usually accompanied by the “or $10 000
dollars cash back” clause. That $10 000 cash you lose by opting for the
0% financing is the actual cost of borrowing. This often works out to car
financing rates that are much higher than traditional car financing rates. |
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