Financial Services

Acting as signing officers for most major chartered banks and financial institutions, we are able to present you with all available financial options and opportunities. Cars Unlimited offers these options through the following Financial Institutions and Lenders.

HSBC
TD Canada Trust
Royal Bank
Scotia Bank
Bank of Montreal
WS Leasing
Wells Fargo
VFC
Carfinco

How Financing Works

When you purchase a vehicle with a loan, a financial institution pays the selling dealer on your behalf; in return you agree to pay back the money borrowed over a specified period of time (typically up to five years). The amount of money borrowed is referred to as the "principal." The amount of money you contribute up-front is referred to as the "down payment" and usually varies from 0% to 20% of the purchase price of the vehicle. You can often purchase a new vehicle without a down payment (if you qualify). The financial institution will charge you "interest" for use of their money. The rate of interest varies depending on a number of factors such as the amount of money it costs the lender to obtain the money, your credit history, your time on the job, your time at your current residence, and other factors affecting the lender's view of the level of risk your personal situation represents.

Benefits of financing your next vehicle

You have ownership and equity in the vehicle.
Your monthly payments are working to purchase that vehicle and it's yours to sell or keep as long as you wish.
Control over your vehicle. You can customize the vehicle and add special features.
Maximum flexibility regarding the number of kilometers you drive; no kilometer limits.
You determine how long to keep your vehicle.